John
12-31-2010, 09:32 AM
The majority of people working in financial services industry are happy to stay in the UK, said a survey by the eFinancialCareers.com website, despite fears a clampdown on pay may force top performers overseas.
The online poll of 415 workers in London's City finance district said only 14 percent were actively seeking a job overseas, with the rest happy to remain in the UK.
Public anger over financiers' large salaries has not waned. Many still blame the industry for the credit crisis, which resulted in several banks being rescued with taxpayers' money.
This month, Britain fell in line with the rest of the European Union in introducing the world's toughest bank bonus curbs, and the politicians have kept up pressure to restrain excessive pay deals in the industry.
Banks have argued tough regulation could see companies and staff move to less-stringent hubs in Asia or America, resulting in less money coming into the UK from the finance sector.
In December, the new chairman of HSBC told Reuters it planned to keep a competitive bonus policy, while Barclays' outgoing chief executive said his bank had to ensure it could retain top staff.
The survey said 61 percent had no concerns about their job security in 2011. Forty-one percent believed their organisations would increase headcount next year, compared with 20 percent who felt their companies would cut staff numbers.
Source - Yahoo.
The online poll of 415 workers in London's City finance district said only 14 percent were actively seeking a job overseas, with the rest happy to remain in the UK.
Public anger over financiers' large salaries has not waned. Many still blame the industry for the credit crisis, which resulted in several banks being rescued with taxpayers' money.
This month, Britain fell in line with the rest of the European Union in introducing the world's toughest bank bonus curbs, and the politicians have kept up pressure to restrain excessive pay deals in the industry.
Banks have argued tough regulation could see companies and staff move to less-stringent hubs in Asia or America, resulting in less money coming into the UK from the finance sector.
In December, the new chairman of HSBC told Reuters it planned to keep a competitive bonus policy, while Barclays' outgoing chief executive said his bank had to ensure it could retain top staff.
The survey said 61 percent had no concerns about their job security in 2011. Forty-one percent believed their organisations would increase headcount next year, compared with 20 percent who felt their companies would cut staff numbers.
Source - Yahoo.