CWJobs Research Indicates Tech Professionals Covert Roles in the Finance Sector

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Despite the issues the financial sector has had to deal with since the 2007 recession, 59% of jobseekers would still consider entering this industry according to research released by specialist IT jobs website CWJobs.

IT Recruitment Specialist CWJobs

IT Recruitment Specialist CWJobs

It is encouraging that the UK’s negative perception of the finance industry is not mirrored by IT professionals, who see that opportunities and benefits are rife in this sector.

In 2007 the finance industry was plagued with bad press from investments gone wrong; mis-sold PPI insurance; and careless banking; however, this hasn’t deterred IT professionals from considering a move. Research from IT recruitment site CWJobs.co.uk reveals that 59% of those who have never previously worked in the finance sector would consider a new career in financial IT. Of those who would consider this move, 59% stated they do not know what the job requires of them.

Despite 83% of interested candidates believing they already hold transferable skills that would assist them in this industry, 90% would consider retaining in order to fulfill these roles, demonstrating the continued lure of IT jobs despite some reporting perceptions of being overworked.

Encouragingly, it’s not just the lure of a large bonus that is driving the desire to move into the sector, the primary reason cited is the opportunity to learn new skills (73%), with the high earning salary (53%) and benefits (23%) secondary. Other reasons included the belief it would provide more interesting work (45%).

The results also showed that 98% of respondents expect that the work would be harder than other sectors with longer working hours (89%). Many respondents also saw finance as an insecure industry (80%), understandable after its very public issues over the previous years.

Richard Nott, Website Director of CWJobs explains, “This year we have already seen that the IT industry in the UK is growing. Our JobAdsWatch data shows the number of IT contractors in the finance industry was up by 3% in the second quarter of the year. It is encouraging that the UK’s negative perception of the finance industry is not mirrored by IT professionals, who see that opportunities and benefits are rife in this sector”.

While IT recruitment remains strong, a survey from one technology and IT recruiter, published this autumn, found that IT professionals think that if a job has been vacant for 67 days (that’s 14 working weeks), it must be an opportunity no-one is interested in. For IT workers, the perfect recruitment process lasts just 29 days, or a fraction under six working weeks. Clearly in this area of specialist recruitment, things move quickly and so should every business when they advertise a job for any IT role. To avoid difficulties recruiting the ad should be kept fresh and replaced even if unfilled to avoid this negative perception.

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Nichola Waller
CWJobs
07900245155
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