Jobs In Credit defies the credit crunch

The UKís leading recruitment websites for credit and risk industry professionals are thriving despite the credit crunch and talks of recession.

Figures released by jobsincredit.com and jobsinrisk.com in the run up to the sitesí fourth birthday (1st November) have revealed significant growth.

Jobsincredit.com has seen its client base increase by 20% in the last year, with jobsinrisk.com reporting an 40% rise year on year.

Despite the credit crunch and repeated talk of recession both websites have continued to grow, placing more people in more vacancies than ever before.

In the last year 50,000 jobs have been advertised on the site up 25% on 2006-07; the number of registered candidates has leapt from 21,000 to 35,000 and the number of client companies using the site is up by over 20%.

Talking on the fourth anniversary of launching the company, Jobsincredit.com director Brett Marlow, says: ìItís ironic that as the UK talks of entering into a period of recession that our business should have grown especially as this potential downturn has been caused by credit mismanagement. Weíre finding that many companies are actively recruiting credit control professionals to ensure that they manage their debtors and cash flow. Undoubtedly some people have been severely effected by the credit crunch but when we asked people about the situation many said the picture was not as bad as the media portrays. Thatís certainly the case for us and jobsincredit.com and jobsinrisk.com go into their new financial year with some optimism. î

The research undertaken online by jobsincredit.com, in August this year, attracted 1,000 responses. The majority of people polled said they were worried about the credit crunch but over half of them (54%) said the media was over-hyping the problem, with just a third of people saying the problems were as bad as reported.

The main impact on business appears to be payment delays, with almost 32% being paid between one and three months in arrears.

Jobsincredit.com, which is the industryís only specialist recruitment site, has grown rapidly since its launch in 2004 and has advertised 121,000 positions for companies such as Egg, Abbey National, HSBC and Robert Walters and currently has 32,000 CVs on its database. Complementing jobsincredit.com, jobsinrisk has enjoyed similar success advertising 27,000 positions and generating more than 12,000 applications.