[nbevans]

My wife's department (at an unnamed major investment bank in London) just gave up on trying to hire for a position in Frankfurt. They'd been trying to fill it all year. They're now going to hire for it in their UK branch office (not London). By having the role in the UK will breach the EU regulations for the role in question - I don't know what their medium-long-term plans are though. It's a shit situation when you literally "can't find the staff".

[loremipsium]

could you elaborate? I would have guessed that especially in finance hiring in major cities is just a matter of compensation.

[arethuza]

I think in every statement like "we can't find employees" there is an implicit "at the amount of money we want to pay".

[arc0]

Are German bankers paid that much more than British bankers then?

[arethuza]

I have no idea - perhaps there is a shortage of bankers in Germany because of banks moving there?

[greatpatton]

I mean that can attract people from all over Europe to take these positions. It's likely a question of money.

[fmajid]

And Frankfurt is not as attractive a place to live as London or Paris.

[travmatt]

If everyone suddenly has great need of them while demand for British bankers collapses, then yes.

[tremon]

I'm guessing that at least some financial institutions have been moving (part of) their London operations to mainland Europe, thereby creating a shortage of available workers there. That will probably self-correct over time, but it doesn't help the situation right now.

[nbevans]

They were hiring for a low-rank employee that would take training and instructions from London.