“Fund industry head count has progressively increased over the last several years. Last year, employment increased 3% at the publicly traded fund companies tracked by Ignites, according to an April analysis. In all, 81,478 individuals worked at those 17 firms.

But hiring during the current crisis is difficult for companies unable to meet clients in person while their offices are shuttered and employees are working from home, says George Wilbanks, managing partner of recruiting firm Wilbanks Partners. But the job pipeline remains open, and he doesn’t expect to see a major switch from job-adding to slashing this year, he says.

They’re treating this like “a very large hurricane,” Wilbanks says. “It’s severe. It’s damaging. People’s lives are at stake. But it’s going to blow on by.” By Adrian Garcia

View Article at Ignites.com