There is strong intent for the financial services/insurance industry to hire as Australia’s labour market moves away from mining to professional services, research showed.
The ‘Q2 2015 Hudson Report: Employment Trends’ report showed a net 25.2 per cent of employers in the financial services/insurance industry are looking to hire in the second quarter of 2015.
Hiring intentions fell in some states but others remained strong, reflecting the downward trend in the mining industry and a turn in focus to professional services, IT and financial services.
New South Wales remains robust due to a metamorphosis and transformation projects in financial services and legal, with a net 19.7 per cent of employers looking to boost staffing levels in Q2 2015.
Hudson Australia executive general manager Dean Davidson said weaker employment conditions in mining and resources is being offset by other industries.
“Employers in sectors such as these are hungry for the right talent to support structural transformation projects and underpin future business growth,” Davidson said.
Resource-heavy states like Queensland and South Australia had the lowest hiring intentions, with a net 12.2 per cent of employers looking to hire in Queensland (down 8.2 percentage points) and 10.3 per cent looking to hire in South Australia (down 9.1 percentage points).
Results of the Dawson Partnership 2015 Hiring Intentions survey corroborated with the Hudson report, which showed an eight per cent rise in hiring intentions over 2014, which is being reflected in increased recruitment activity across wealth management.
