Rutherford is pleased to present its latest edition of the annual Salary Guide and Market Report for compliance professionals within the alternatives market for the year 2024/25.
This year's guide is particularly noteworthy as it examines a year characterised by economic caution, political transitions, and fluctuating international relations. The convergence of these factors has resulted in a unique landscape, presenting both challenges and opportunities within the recruitment sector. This guide aims to offer a reflective overview of the trends observed over the past twelve months, as well as those likely to emerge in the coming year. Our objective is to provide you the insights necessary to navigate the evolving landscape that we anticipate in the market.
The year 2024 has proven to be intriguing for the compliance recruitment sector, especially in light of the contrasting dynamics observed between the two halves of the year. The initial six months were marked by a heightened hesitance surrounding recruitment, influenced by significant political events and an ongoing cost-of-living crisis. In contrast, the latter half of the year experienced a considerable increase in strategic hiring, driven by a growth-oriented mindset within the financial services sector.
Nevertheless, this latter surge has not entirely erased the cautious hiring practices that characterised the first half of 2024. This overarching trend of prudence in recruitment has not only led to a decreased demand for candidates but has also resulted in stagnation in salary growth. These phenomena reflect shifting market dynamics that are crucial for both hiring organisations and job seekers to consider in their strategic decisions.
One might assume that the decreased demand for candidates would advantage employers, providing them with a broader pool of qualified individuals for their open positions. However, the reality has been somewhat contrary: despite a notable increase in the number of active job seekers compared to prior years, employers have thus far faced challenges in identifying candidates with the appropriate skills and experience for available roles. The scarcity of niche skill sets continues to complicate the recruitment process.
In our Salary Guide and Market Report, we will delve deeper into these insights while presenting the most recent data on compensation for compliance professionals within the London market. Should you wish to explore these hiring trends further or benchmark your compensation against broader market standards, please do not hesitate to reach out to me or any of our compliance recruitment specialists at Rutherford.
To obtain a copy of our latest market report, please reach out to Rutherford's Director, In-house Legal and Compliance Jackson Baker at jackson@rutherfordsearch.com.
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