Optimus: trust growth driving recruitment

Posted: 09/07/2018

RennyGould_OptimusThe trust industry’s growing productivity is reflected in increasing demand for staff in the sector, particularly candidates with two to six years’ experience, according to Optimus Recruitment.
Statistics Jersey's recently published finance and legal sector GVA and productivity update reported a decline in the contribution of the finance sector as a whole to the Jersey economy in 2017, but a rise in the trust sector’s output of nine per cent. 

This means the sub-sector has grown for a fourth consecutive year, allaying concerns over the industry’s future following new transparency laws and regulations, says Optimus.
Renny Gould, Senior Consultant at Optimus (pictured), commented: “Trust and company administration and funds services are crying out for people with between two and six years’ experience, while at the same time we are seeing an increased demand for trainee level staff and for those at senior levels. 

"Each of these growth areas needs support teams, and we are seeing a good deal of activity in compliance and accounting too.”
The average bonus within finance in 2017 was revealed to be £6,500, a rise of 12 per cent on 2016. The largest payouts were recorded in the fund management sector, with an average of £16,800 being offered, and trust and company employees gaining an average annual £5,600 bonus.
Renny added: “There's a real drive to attract and retain talent in financial institutions through financial incentives. Discretionary bonus linked to good employee and company performance remains one of the key tools.”

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