Thursday, March 15, 2012

eNewsletter: Banks fall in love with local candidates

eFC.com
Hiring and pay trends in banking, finance and securities 15 March 2012
TOP STORIES
Banks fall even more in love with local candidates as expat hiring slumps
Localising their workforces has long been a priority for global and regional firms in Singapore and Hong Kong. But the push to hire local candidates is gaining even stronger momentum this year.
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The Undergraduate: When it comes to career choices, it's far better to think about what you DON'T want to do
“How do you even know you want to do this?” That's a question which has been posed to me by traders in bulge brackets, consultants from the likes of Bain and BCG, hedge fund managers and commodities traders about their respective industries.
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If you're going to move; move en masse like these Merrill bankers
There's fear in the employment market right now, but it's not just that people are anxious about being laid off at their current firm; many don't want to move to another bank, where their jobs may be even more in jeopardy. Call it the clichéd “last in first out” syndrome if you like.
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Guest Comment: Why it's important to talk in numbers, not percentages. This and other tips for negotiating comp with a new employer
More times than not, candidates who give percentage-increase goals don't even know how much money their request equates to.
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Would you take a promotion that only offers a pathetic pay increase?
Perhaps some of your colleagues have been made redundant, but you're still holding onto your job. Better yet, your boss announces you've nabbed a promotion along with a flash job title. All in all, life seems rather sweet until you find out there's barely been any salary increase.
Read more...
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