Fintech jobs market recovers as lockdown restrictions ease

Fintech

It comes as the ONS estimates there were nearly 16 per cent more vacancies in March 2021 compared with a month before across all job sectors

The fintech jobs market has “gone bananas” as lockdown restrictions have been eased, a recruitment expert has claimed.

Many fintech firms, including peer-to-peer (P2P) vlenders, put hiring plans on hold last year due to the pandemic.

But Tracy Fletcher, managing director of recruitment firm Campbell & Fletcher, said renewed economic confidence thanks to the vaccine rollout has prompted businesses and bosses to start hiring again.

March to Christmas last year was so quiet but now it has gone bananas, she told Peer2Peer Finance News. It has been helped by a more relaxed attitude towards working outside the office. Clients are becoming more flexible in their approach to talent and that gives us a wider candidate pool.

A lot of the recruitment freeze for P2P lenders was because businesses were accessing emergency lending but now the more normal routes to finance have reopened. The world feels like it’s getting back to normal and that is facilitating movement in the jobs market, she said.

It comes as the Office for National Statistics (ONS) estimates there were nearly 16 per cent more vacancies in March 2021 compared with a month before across all job sectors.

The data, based on listing on jobs website Adzuna, shows weekly vacancies in the financial sector were at 83 per cent of pre-pandemic levels.

Henry Morse, associate director at recruitment consultants Robert Half UK, said the firm has seen a bounce back in business confidence. This has been mirrored on the candidate side, with more than half of all workers expecting a salary bump by the end of this year as well as a bonus, with freezes in both off the table.

He said: For those looking to break into the fintech sector, don’t let a lack of industry-specific experience put you off making the transition.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of Scommerce. The information provided on Scommerce is intended for informational purposes only. Scommerce is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

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