Demand for banking and finance professionals rises in Q2 2017

20 July 2017

Figures from the Robert Walters South African Jobs Index, which charts vacancy numbers posted to online platforms, shows that despite a year-on-year fall, jobs are recovering and demand for banking and finance professionals is steadily improving as the year goes on.

Local economic conditions including the recession, continued political instability and efficiency challenges in larger banks, have played a role in the reduction of vacancies that was evident at the start of 2017, in comparison to last year.

Petra Cooper, Robert Walters Manager – South Africa comments:

“Despite the challenging conditions, we expect hiring within the financial services industry to continue as we move into the second half of the year, witnessed by a positive growth in recruitment. This is due to consistency in the market and a continued need for access to top talent with the right skills sets.”

Petra Cooper, Robert Walters Manager – South Africa continues:

“We predict growth in consulting type roles due to the reduction of permanent headcount during the first half of the year, especially as deadlines and delivery remains business critical.”

“We expect to see junior professionals, who are within their first few years of employment, to begin searching for new roles offering the opportunity of career growth and financial gain”

“In addition, businesses will need to review competitive recruitment strategies to secure equity professionals. Strategies like shortening the hiring process and reducing the time from interview to offer can be effective in securing candidates who are engaged in more than one interview process.

About the South African Job Index

The Robert Walters South African Job Index tracks job advertisement volumes over leading job boards across the South Africa in sectors such as banking & finance, accounting, legal, HR and engineering and natural resources.

Released on a quarterly basis, the report provides an indicative summary of recruitment activity being experienced across major national markets as well as key industry comparisons.

For more information please contact:

Nic Sephton-Poultney, Country Manager (South Africa)
Tel: +27 (0)11 881 2414
Email: nic.sephton-poultney@robertwalters.com

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