Finance jobs in Rhode Island remain steady

Posted on December 6, 2013

A recent study released in the last few months from CareerBuilder points to evidence that finance jobs in Rhode Island are strong.

According to the survey, financial workers can expect a stable employment environment over the next six months along with an upswing in temporary jobs.

The study shows there will be a continued boost in temporary hiring activity as well as hiring for full-time and part-time positions:

· 52 percent of financial services employers plan to hire full-time, permanent employees, on par with last year

· 26 percent plan to hire part-time employees, up from 15 percent last year

· 31 percent plan to hire temporary or contract workers, up from 20 percent last year

Financial services job creation continues in both big cities and outlying towns. Of financial services employers who are hiring in the second half of 2013, 84 percent said they will be hiring for positions in large metropolitan areas while 30 percent will be hiring in non-metropolitan, rural areas – similar to last year.

“Along with stable full time hiring, the financial services industry is seeing a solid increase over last year in projected hiring of part-time employees and temporary workers,” said Kevin Knapp, CFO of CareerBuilder, “Employers are moving forward carefully, expanding their ranks with temporary workers, while holding off on adding permanent staff until they can be sure of the economic recovery. Our data also shows that nearly 2 in 5 financial services employers plan to transition temporary workers to full time status in the coming quarter, reflecting the cautious optimism of the post-recession market.”