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City job switchers motivated more by higher salaries than flexible working

A higher pay cheque was cited as the main reason to swap jobs by 42% of respondents to a Financial News survey

As the City rolls back hybrid working, pay rises are still in the spotlight
As the City rolls back hybrid working, pay rises are still in the spotlight Photo: Mike Kemp/Getty Images

City workers are more motivated to switch jobs by higher pay than flexible working, as the cost of living continues to climb and firms shrink headcount.

Remuneration was cited as the top consideration when searching for a new job by 42% of workers across investment banking, asset management, law, accounting, trading, hedge funds and fintech polled by Financial News.

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