The fintech jobs market has “gone bananas” as lockdown restrictions have been eased, a recruitment expert has claimed .
Many fintech firms, including peer-to-peer lenders, put hiring plans on hold last year due to the coronavirus pandemic.
But Tracy Fletcher, managing director of recruitment firm Campbell & Fletcher, said renewed economic confidence thanks to the vaccine rollout has prompted businesses and bosses to start hiring again.
“March to Christmas last year was so quiet but now it has gone bananas,” she told Peer2Peer Finance News.
“It has been helped by a more relaxed attitude towards working outside the office.
“Clients are becoming more flexible in their approach to talent and that gives us a wider candidate pool.
“A lot of the recruitment freeze for P2P lenders was because businesses were accessing emergency lending but now the more normal routes to finance have reopened.
“The world feels like it’s getting back to normal and that is facilitating movement in the jobs market.”
It comes as the Office for National Statistics estimates there were almost 16 per cent more vacancies in March 2021 compared with a month before across all job sectors.
The data, based on listing on jobs website Adzuna, shows weekly vacancies in the financial sector were at 83 per cent of pre-pandemic levels.
Henry Morse, associate director at recruitment consultants Robert Half UK, said the firm has seen a bounce back in business confidence.
“This has been mirrored on the candidate side, with more than half of all workers expecting a salary bump by the end of this year as well as a bonus, with freezes in both off the table,” he said.
“For those looking to break into the fintech sector, don’t let a lack of industry-specific experience put you off making the transition.
“Anyone who has the ability to programme, analyse and interpret complex datasets or has a track record of digitally-focused delivery is likely to be warmly welcomed into the industry.”