Latest data confirms experienced planners in short supply
The financial planning industry is continuing to generate strong demand for appropriately qualified personnel, according to the latest data released by the financial services division of recruitment specialist eJobs.
The data, covering April, confirms demand for personnel remains on an upward trend, with March generating the highest number of industry roles being advertised — a 24 per cent increase to 320, and April generating 293 jobs.
While the eJobs data relates primarily to Melbourne and regional Victoria, the company said the trend had been replicated in all other regions, making it even harder to fill roles given the continuing tight candidate supply.
“We are definitely receiving fewer applications per advertised role, and these decrease exponentially the more experience the candidate is required to have,” the eJobs analysis said.
It said this compared with the situation with entry-level positions, where recruiters were being besieged by ‘industry qualified’ candidates looking for a foot in the door.
EJobs said the demand/supply situation was yet to play out, and it was often necessary to give clients a reality check with respect to their expectations.
AUTHOR
Mike Taylor
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.
