Temporary positions and contracting in the financial sector
The demand for contractors within the Swiss banking industry has
dramatically increased in the last few years. Planning of the workforce within the
financial area has become much more dynamic. We notice a trend of either
headcounts for permanent jobs being put on hold or postponed until further
notice. In this case a “Try & Hire” solution might be proposed. There are
certain unexpected life situations (e.g. accident, illness or other cases) which
may occur in a team that call for an immediate replacement. Statistically 30%
of all temporary assignment are converted into a perm job.
At what point
of your professional life does a temporary assignment make sense?
Depending on your professional situation a temporary assignments can have a positive impact. In case you are at the beginning of your career such an opportunity could make sense as it opens closed doors for you to prove yourself, make yourself invaluable and indispensable in order to be considered for any permanent role in the future. In case you are an experienced employee your competence could play a large part in solving urgent cases for instance during a project. No matter what the assignment is, temporary or not, be reminded that you need to love your job. Only if you value your job, you can make a positive impact that can move entire mountains and easily open closed doors for you. Take a chance!
How long should a temporary assignment last?
A temporary assignment in the banking industry lasts an average of 6
months. Within those 6 months you will be able to prove yourself and answer the
question: Does the continuation of our collaboration make sense anymore? In case you get an extension, congrats to you! You made yourself
indispensable and worth staying on board. The aim is to complete the project or
to get re-assigned to the next suitable permanent role.
How do I get a fixed-term contract?
Temporary assignments are mostly entrusted to agencies. Working directly
with banks and financial institutions a competent agency may arise as valuable partner
in order to provide you with the necessary information that you need to access
What are the
differences between a permanent contract and a temporary assignment?
Beside the fact, that a temporary assignment is a limited contract with an expiration date - your employment will be in scope of the Collective Bargaining Agreement Staff Leasing in Switzerland.
Minimum wages, regulated working hours, the participation in the further education initiative of Swissstaffing and other advantages.
If you have some further questions left, get in touch with us. Our consultants are happy to answer to your questions. A suitable position may be waiting for you.