Help Wanted ... For Job Seekers

Fallout from credit crunch has many recruiters estimating a 20% drop in salaries

June 16, 2008

The credit crisis and its offshoots have dramatically slowed hiring, separated thousands of financial professionals from their jobs and cut guarantees in compensation packages almost completely--and the cycle is not expected to end soon. Trying to quantify the impact, Smart Cube, a professional services firm that specializes in customized business and investment research and analysis, recently interviewed 20 US and UK recruiters to better understand how severely the financial services market has been impacted.

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