The Clustering of Financial Services in London*



14. To what extent does labor flexibility within London lead to the following results? (Please tick one box
per benefit
.) Rate in terms of importance on a scale from 1 to 5, where 1=not important and 5=very important; 0=not applicable.

1

2

3

4

5

0

Tot

A fluid labor market helps attract good staff

15~^

3T"

90^

96^

50^

22-

981

It is generally easy to recruit good people at short notice

15

36

94

98

41

21

966

It helps spread a network of contacts

19^

35~^

88

94~

47^

22-

964

It helps to spread knowledge of good practice

18^

33-

107

92

34

2T

943

We can quickly tailor our staffing levels to our needs

17

50

103

77

32

26

894

Table A2 shows the composition of the sample obtained, giving details for the 294
cases where it was possible to classify the case to a specific line of activity (a small number
of questionnaires were returned anonymously and could not be assigned to a particular line
of activity). What can be seen is that the 294 returns are distributed across the lines of
activity in very much the same proportions as the 1,500 firms to whom the questionnaire
was issued (the table shows slightly less than 1,500 firms because it was not possible in
every case to identify the line of activity to which the firm should be classified). We are
therefore confident that we have a random and representative sample from the population
of interest.

51



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