Staff stay for career opportunities

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One positive aspect of the economic downturn is less pressure on the employment market. Nevertheless, many administrators are still struggling to recruit quality staff with the right skills.

“Given the market downturn, hiring good-quality staff is easier than it has been. The loss of business volume due to funds winding up will inevitably lead to redundancies,” says Joseph Truelove at Kleinwort Benson. “I expect there to be an improvement in the quality of administration and the benchmark for sta