LOB Salary Guide COMPLIANCE v2 SPREADS - Flipbook - Side 6
06
The impact of Brexit appears to have been relatively
muted so far, with only 7% of firms reporting that it has
significantly reduced the availability of suitably qualified
and experienced candidates. That being said, nearly
a third (30%) of companies say they have been at
least partly affected by Brexit, and we are seeing more
employers entertain the idea of sponsoring people from
overseas due to talent shortages.
Meanwhile, candidates are understandably optimistic
about the state of the market, given the high number
of roles being advertised and steep increases in salaries
over the last two years. Among professionals, 92% said
they are currently confident about their prospects,
representing only a slight dip from last year (95%).
Better remuneration remains the primary factor
encouraging people into seeking a new role, with 57% of
candidates ranking it as their biggest motivator. Career
development (16%) and a healthier work-life balance
(13%) came a distant second and third by comparison.
80% of employers
intend to hire additional
permanent staff in 2023
Looking ahead to the remainder of 2023, the UK is widely
predicted to fall into recession this year, which is already
hampering business confidence. At the moment, however,
we are not seeing these broader economic trends affect
hiring intentions across compliance and financial crime,
with employers remaining reasonably bullish.