Employment outlook down for finance sector
Despite a strong rebound this year for the Australian financial services sector, it appears that the industry's employment outlook is not so rosy for the coming year, according to a new survey.
The Manpower Employment Outlook survey found that while optimism among employers in the finance, insurance and real estate sectors remains positive, hiring confidence is expected to dip by 8 percentage points in the first quarter of 2011.
Part of this dip can be attributed to banks, which the managing director of Manpower Australia and New Zealand, Lincoln Crawley, described as "running lean".
"Finance and insurance companies have had to get used to doing more with less since the global financial crisis. So they are focusing on increased productivity rather than building their workforce," he said.
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
