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Scotland’s financial services sector will continue to navigate challenging conditions in 2024 amidst ongoing economic and geopolitical uncertainties, Core-Asset Consulting’s latest Industry Trends and Salary Guide has predicted.
While the overall economic forecast for Scotland is “largely unchanged”, bar slow and fragile growth, the Scottish financial and professional recruitment and headhunting agency believes that those in Scotland’s financial sector should expect more turbulence due to major conflicts ongoing globally.
The ninth annual edition of the agency’s Salary Guide, which launched this month, includes a forensic review of salary levels and a gauge of market sentiment, activity and themes impacting the sector.
Betsy Williamson, founder of Core-Asset Consulting, said: “This year’s guide particularly highlights persisting challenges like recruitment shortages, gender gaps, and economic uncertainty.
“However, it’s not all doom and gloom, it’s clear from our research that Scotland’s strengths as a global financial hub is continuing to attract top talent.”
She added: “The report will show that while Scotland faces demographic challenges and skills shortages, our financial services sector shows resilience. Firms are focused on enhancing diversity, promoting flexibility and investing in training.”
