Scotland's financial pay holds up in global storm
Capgemini and the Scottish Financial Enterprise quarterly industry snapshot reveals that Scottish pay is weathering the current global storm.
21 April 2008
Publication
Scotland’s financial service sector is currently weathering the current ‘global economic storm’ following the revelation that salaries north of the border were rising more than four times the rate in London.
“Average pay in the Scottish financial services industry grew by 11.4% between March 2007 and last month, compared with 2.7% in London and 4% across the UK as a whole”, the report revealed.
The snapshot also revealed that a third of respondents expect to report decreased business in the first quarter, with a similar number being pessimistic about the full year.
To read the full article at The Scotsman, click here
Further coverage:
- Rosemary Stark, Vice President Financial Services, talks to the Financial Adviser on how Scotland are dealing with the credit crunch.
- The Scotsman reports on the fall of confidence in financial services.
- Paull Pullinger speaks to Computer Weekly on how IT jobs in financial services are more likely to weather the finance downturn.
