Published by Gbaf News
Posted on January 31, 2018
7 min readLast updated: January 21, 2026
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Global professional services recruiter Morgan McKinley showed in its 2018 Salary Guide for the UK, that 2017 was a year of cautious yet productive hiring in spite of Brexit. The guide revealed a lack of confidence from employers, with impending Brexit playing a leading role in the tentative hiring of permanent and contractor candidates
This said, 2017 turned out to be a good year for hiring. Demand for niche skills and specialist knowledge was a big drive in Accounting & Finance, Compliance, IT, Risk Management and Tax sectors. Regulation hires were highly sought after in legal data, cybersecurity and business analytics, causing sharp salary rises. Further to this, GDPR and MiFID II resulted in new roles being created across HR, Cyber and Information Security for organisations that hold vast amounts of customer data including Utilities and Telecoms.
Key 2018 Salary Guide Highlights showed:
“Hiring in 2017 was not driven by gung-ho expansionism, but there was a more positive sentiment in the market. Particularly in the second half of the year, we saw more employers acting opportunistically to take on new talent. Specialism was the watchword once more, with strong technical skills being highly sought after and rewarded. Despite the pervading concern and uncertainty around the economy, we experienced a year of growth in the UK which was a positive barometer of overall market conditions, and a good sign for 2018.” Commented David Leithead, Chief Operations Officer of Morgan McKinley UK.
Brexit played a leading role, influencing the hiring of both permanent and contractor candidates throughout 2017. In some cases, including a lack of confidence from IT employers, the impending exit from the European Union affected hires for the worse, whilst in others, such as for strategy aligned temporary banking roles, its influence was for the better. As a whole, 2017 was proof that despite political and economic turmoil, businesses in London, if a little tentatively, will carry on hiring.
This report provides a review of 2017 by analysing the condition of the employment market and unpacking the positive and negative news, in-demand skills and notable trends, as well as salary and contract rate figures in Accounting & Finance, Audit, Compliance, Financial Services Operations, HR, IT, Legal, Marketing, Office Support, Project & Change Management, Risk Management, Sales and Tax.
To view the salary guides on the Morgan McKinley website, click here.
Global professional services recruiter Morgan McKinley showed in its 2018 Salary Guide for the UK, that 2017 was a year of cautious yet productive hiring in spite of Brexit. The guide revealed a lack of confidence from employers, with impending Brexit playing a leading role in the tentative hiring of permanent and contractor candidates
This said, 2017 turned out to be a good year for hiring. Demand for niche skills and specialist knowledge was a big drive in Accounting & Finance, Compliance, IT, Risk Management and Tax sectors. Regulation hires were highly sought after in legal data, cybersecurity and business analytics, causing sharp salary rises. Further to this, GDPR and MiFID II resulted in new roles being created across HR, Cyber and Information Security for organisations that hold vast amounts of customer data including Utilities and Telecoms.
Key 2018 Salary Guide Highlights showed:
“Hiring in 2017 was not driven by gung-ho expansionism, but there was a more positive sentiment in the market. Particularly in the second half of the year, we saw more employers acting opportunistically to take on new talent. Specialism was the watchword once more, with strong technical skills being highly sought after and rewarded. Despite the pervading concern and uncertainty around the economy, we experienced a year of growth in the UK which was a positive barometer of overall market conditions, and a good sign for 2018.” Commented David Leithead, Chief Operations Officer of Morgan McKinley UK.
Brexit played a leading role, influencing the hiring of both permanent and contractor candidates throughout 2017. In some cases, including a lack of confidence from IT employers, the impending exit from the European Union affected hires for the worse, whilst in others, such as for strategy aligned temporary banking roles, its influence was for the better. As a whole, 2017 was proof that despite political and economic turmoil, businesses in London, if a little tentatively, will carry on hiring.
This report provides a review of 2017 by analysing the condition of the employment market and unpacking the positive and negative news, in-demand skills and notable trends, as well as salary and contract rate figures in Accounting & Finance, Audit, Compliance, Financial Services Operations, HR, IT, Legal, Marketing, Office Support, Project & Change Management, Risk Management, Sales and Tax.
To view the salary guides on the Morgan McKinley website, click here.
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