Financial services employers are still hiring, but they are not quite as bullish as they were in the middle of 2010, according to the latest analysis released by employment specialist Hudson.
According to the Hudson analysis, released today, employers are holding off on hiring until they can gain a clearer picture of the economic outlook,
Commenting on the analysis, Hudson Accounting and Finance national practice director Dean Davidson said that following a surge in hiring around the middle of 2010, employers in the financial services industry were now expressing a degree of caution with hiring intentions down a further 8.2 points from last quarter – the second consecutive quarterly decline.
“There is renewed caution due to continued stress in European markets and financial services organisations are watching these changes unfold and looking to understand what impacts this will have on the global economy,” Davidson said.
He suggested that the funding pressures currently affecting Australian banks — as well as below-forecast results within the international banks – were also impacting employer sentiment.
Notwithstanding the caution being expressed by employers, the Hudson analysis pointed to project work opportunities with respect to corporate governance, risk and compliance, and some demand for staff in the financial advice and business banking spheres.
