Financial services jobs set to increase

The quarterlyTMP WorldwideJob Index reveals the increasing confidence of employers, making the job market the most buoyant it has been for 15 months and having a net positive effect on nearly all industries.

Almost 31 per cent of employers across all industry types have recorded their intentions to increase staff numbers in the following three months, with 7.7 per cent intending to decrease staff — resulting in a 23.2 per cent net effect increase.

The financial services sector job outlook is also set to benefit from this growth in confidence, with job opportunities highlighted particularly in areas such as clerical, administration, sales, marketing and IT roles.

“Accounting and finance areas are all impacted by these job types,” TMP Worldwide chief executive officer Wayman Chapman says.

Also of note in this quarter’s survey results is the resurgence in IT job opportunities.

“For the first time since the beginning of last year, IT jobs are showing growth across all industries,” he says.

Chapman says one of the strongest indicators of employer confidence in the market is the indications by larger organisations that they are looking at positive net increases in employment over the next quarter.

He says in individual regions the financial services sector tends to be quite buoyant, with employers in a positive hiring mode rather than a negative or flat mode.

“The ACT leads the way in terms of financial services and insurance opportunities,” Chapman says.

While Victoria’s job outlook is flat overall, NSW has shown significant increases, with the net effect of employment opportunities 8 per cent higher than this time last year.

The TMP survey includes 4,359 employers nationally to formulate the TMP Job Index. Since inception in 1995, the survey now covers the employment intentions of employers of over 3 million employees.