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Salary survey shows higher wages despite the credit crunch
Oct 1 2008 by Tony McDonough, Liverpool Daily Post
A NEW salary survey by Chester-based financial recruitment specialist, Sellick Partnership, shows that those in commercial and industrial financial positions are earning increasingly higher wages, despite the current downturn in the economy.
Senior financial salaries have grown by almost 9% since 2007, with some candidates commanding 16% more.
This comes in the face of increasingly bleak predictions by certain commentators, and stands in stark contrast to tales of dwindling bonuses and benefits in London’s financial services sector.
Beverley Smith-Jagger, director at Sellick Partnership, said: “The responsibility of companies to provide accurate financial records to investors and shareholders is growing, thanks to increasingly stringent regulation and the tightening of lending criteria by many of the major banks as a result of the credit crunch.
“This means experienced financial professionals come at a real premium, which is reflected in a significant rise in the salaries being offered over the past twelve months.”
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