The continued exodus in the financial services sector is reaping significant cross-industry rewards in recruitment of HR professionals, according to a specialist.

Matt Brooks, Partner with HR recruitment consultancy Eyzon, said the Leeds and London based team was seeing a significant uplift in cross-industry recruitment, as HR professionals abandoned financial services in favour of other sectors, particularly mining, fmcg, retail and technology. “There is still a strong market in FS, but we have seen and continue to see an exodus, driven by legislative change in the wake of the banking crisis,” said Matt.

He continued: “The reward function is now obsessed with trying to ensure compliance with inconsistent and conflicting interpretations of ever-changing regulations. Their priorities now, somewhat reluctantly, moving away from ‘attract, retain and motivate’ towards ‘interpret, placate and comply’ with pages and pages of legalese.”

“Many people are abandoning FS in search of roles in sectors in which they can continue to use flair and invention. We’ve also noticed a considerable drop off in the number of people outside of FS trying to fight their way in. It is a Darwinian evolution within HR, where strong employer brands, great candidate experience and flexible work solutions are reaping the rewards.”