CBI predicts new era for financial services jobs

A new era is in store for those in financial services jobs following the recession, according to a new report by the CBI.

In its predictions for the next decade, the organisation said that the dramatic downturn of the last two years has changed the way finance and corporate leadership are viewed.

CBI director general Richard Lambert set out his vision for the future of financial services jobs and business in general.

"What we now need is a more balanced, less risky pathway to growth - one in which the short-term returns may be lower, but the long-term rewards for management success will be a lot more sustainable and secure," he said.

Mr Lambert added that he believed business is heading for a "more collaborative, less transactional world" in which there will be closer relationships between businesses, customers, employees and shareholders.

Last week, John Cridland, deputy director general of the CBI, warned that the planned Financial Services Bill may damage the UK's financial services sector if its proposals on remuneration were not applied internationally.

Updated: 24 November 2009.
Categories: banking-and-financial-services, finance-and-accounting, market-and-industry-news.