Hiring intentions bouyant in financial services
Job prospects are bright in the financial professional services industry, offsetting the dip in hiring intentions across the mining and resources sector, the Hudson Report showed.
The Q3 2015 ‘Hudson Report: Employment Trends' showed that sentiment and net hiring intentions were robust in the financial services and insurance sector at 19.9 per cent.
Hudson Australia executive general manager, Dean Davidson, said the results are indicative of a transformation in the financial and professional services job market, even as mining, resources and trade continue to see challenges.
"The ongoing transition in our labour markets is intensifying and organisations are evolving and recalibrating in order to remain competitive," Davidson said.
"Part of this transition includes investing in new skillsets, to ensure businesses are equipped for future growth. Smart employers should be investing in opportunities for key employees to develop a broad range of skills."
Contracting hiring expectations in financial services remain strong at 20.8 per cent, the highest among surveyed professions. Accounting and finance hiring expectations stood at 4.6 per cent.
While net hiring intentions across professions fell by two percentage points since the last quarter to 15.1 per cent due to a weak resources and mining sector, overall sentiment in professional services is strong, at 32.6 per cent.
On one hand, many organisations are undergoing restructures and transformations, so they need specific skills for project-based work," Davidson said.
On the other hand, highly-skilled workers are aware that they are in demand and are looking for challenging roles that also provide flexibility. This is contributing to a healthy market for contractors."
AUTHOR
Malavika Santhebennur
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