Noticed you’ve been receiving more CVs from over-35s lately? A study carried out by Joslin Rowe may explain why.
They found that over-35s made up 18 per cent of job moves in the Banking and Finance sectors last year, compared to just 14 per cent in 2003.
Amongst over-35s, the biggest change came with those aged over 56, who made up 0.5 per cent of job changes, compared to just 0.1 per cent five years ago – an increase of 400%.
This represents a significant break with tradition. Tara Ricks, Managing Director of Joslin Rowe's permanent recruitment business, explains that changes in banking jobs have tended to be restricted to younger workers looking to further their careers:
"While part of the reason is that older workers tend to be more settled, apprehension over inequalities in recruitment processes has also played a significant role in holding people back”.
However, this seems to be changing.
The implementation of age discrimination legislation seems to have given older workers more confidence to take a chance, meaning the banking and finance job market is opening up and becoming wider than ever before.
Not so good for the candidates competing for roles, but, with a huge swell in the numbers of new jobseekers entering the market, great news for the recruitment industry.