Payments Recruitment Salary Survey reveals niche candidates securing strong pay offers as hirin

CANARY WHARF, U.K. - Sept. 23, 2024 - PRLog -- Hiring levels across Payments have started to increase again in Q4 2024, following some retraction in vacancy numbers in Q1, followed by a broadly static situation in Q2 & Q3. Green shoots are returning to the market as we head towards the latter part of the year (which is a traditionally busy hiring time, following the summer season lull generally experienced).

With the amount of economic uncertainty and change in the wider business world, we appear to be once again returning to a situation mirrored in previous years, with lower talent availability making an impact on hiring processes, as clients are starting to compete once again for the best candidates.

Employers have experienced higher than usual numbers of applicants in the first part of 2024, driven both by layoffs & some clients pausing recruitment until the volatility in financial technology generally begins to calm. The last few years have seen a genuine increase in the compensation packages being offered within the sector, but this year to date we have seen these offers remaining largely flat and appear to have undergone an adjustment which matches market demand.

Managing Consultant at Payments recruitment, Billy Nixon, adds: There will always be some natural churn in the market, but we have witnessed much more of this than normal so far this year, flooding the normally competitive payments talent market with some very strong candidates. Coupled with the hiring restrictions seen across the sector at the start of the year, competition for new roles was much tougher than it has been historically. The general increase in confidence across the sector now appears to be returning, with much more activity as we head into Q4. The market will continue to improve for the rest of 2024 and into 2025, as appetite continues to return for the best talent. This demand will support current salary levels, but significant increases seem unlikely in the shorter term.

About Payments Recruitment: Payments Recruitment is a focused, specialist, boutique recruitment agency with an excellent track record of delivering a wide range of hiring projects to over 100+ payments industry clients across the last 12+ years.

Contact: Billy Nixon, +44 (0) 7920 114841 or bn@payments-recruitment.co.uk