Finance sector expects staff growth _2

Only 8% looking to cut back

Finance and business services employers expect to hire more people in the last three months of 2006 and only 8% plan to make cut-backs on staff, a survey shows.

The details - revealed in the latest Manpower Employment Outlook Survey - show that nearly one-third (31%) of finance employers plan to take on more staff in the last three months of 2006.

London is benefiting from the uplift in hiring confidence in the sector, with 39% of employers expecting to expand their workforces, and only 9% to trim staff numbers.

Commenting on the results, Manpower UK’s managing director Mark Cahill said: “The Outlook reported by employers in the finance and business services sector and London region are encouraging - especially as these two groups reported relatively conservative Outlooks during the summer.”

The business services sector is that which provides services directly related to a business. A public relations consultancy is one example of this.

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