More than half (57%) of respondents said they expect base salaries for permanent staff to stay the same in 2013, according to research by professional services recruiter Morgan McKinley Financial Services.

Its annual Morgan McKinley London employment monitor, which surveyed 500 financial services employees, also found that 67% of respondents expect salaries for contractors and temporary staff to remain the same in 2013.

The research also found:

  • 3% of respondents said they think base salaries for permanent staff will fall in 2013, while salaries for contract employees will not decrease at all.
  • 33% of respondents expect pay rises for permanent staff, but only up to 10%.
  • 28% of respondents said pay rates for contractors might rise again in 2013.
  • Professionals securing new jobs in December 2012 saw their salaries rise by an average of 7%.

Hakan Enver, operations director at Morgan McKinley Financial Services, said: “It’s interesting that this survey shows a high number of professionals anticipating that compensation in their organisations will at least remain flat this year or rise by 10%.

“In contrast to this, the average salary change for new joiners over 2012 was 14%, suggesting that talent attraction really was, and continues to be, a key focus for employers.”