Three-quarters of IT workers in the UK's financial capital are planning to look for a new job within the next year despite the fact that the banking sector crash is still a fresh memory.
According to a survey by recruitment company Hays, two-thirds of these people will start looking for new jobs in the next three months.
A total of 41% said the biggest motivator for looking for a new job is more money.
"Many professionals feel as though their salary progression has been compromised by the recession and are no longer willing to stay in their current role when they believe they may be able to receive a higher salary elsewhere," says Sam Corcoran, director of Hays Finance Technology.
He added that salary freezes, increased workloads and redundancies have resulted in decreased loyalty from employees. Of those surveyed, 28% said the financial crisis had resulted in increased stress and 25% said they now work longer hours.