Financial services employment outlook good: Hudson
Despite widespread negative sentiment, employment expectations within the financial services industry remain positive, according to recruitment expert, Hudson.
Hudson's Employment Expectations report was released days after eFinancialCareers claimed 2012 could be a year of fear for financial services.
However, Hudson predicts a positive year for all industries, with 20 per cent of employers in the financial services and insurance sectors planning to increase their permanent headcount over the next year.
"In the financial services/insurance sector, specialist skills are highly sought after with financial planning, underwriting, mortgage lending, retail banking and sales skills remaining in demand," said Dean Davidson, national practice director for Hudson - accounting and finance.
"The banking sector is booting employment expectations as they look to increase permanent headcount in retail branches on the back of enhanced customer service offerings," Davidson said.
Despite a largely positive outlook, employer sentiment has slipped by 5.4 percentage points since the December 2011 quarter.
The most significant drop in financial services/insurance employer sentiment occurred in Victoria, where sentiment slipped 10.7 percentage points over the quarter and 18 percentage points over the year.
Recommended for you
With the high cost of advice keeping young Australians locked out of advice, a fintech provider has said digital advice is key for licensees to capture this unadvised demographic.
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
