There is much talk at the moment of the activity in the credit markets and what the effects will be in the city. We have seen a number of large banks announce losses and lose senior staff.
The chances are that a percentage of the market will reduce there numbers of permanent hires and in an effort to reduce cost will boost their numbers of temps. In the short term their cost is lower and therefore firms who still need staff will undoubtedly resort to temps to keep them fully staffed.
So the effects of the crunch could have a positive outcome for temps in the city of London.
Posted on November 7th, 2007 by Fraser
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