In the people market
Almost 50 per cent of employers in the financial services industry expect to increase permanent staff levels in the next three months, according to new findings, which revealed the highest level of national employer confidence on record across the industries.
This is a 5.8 percentage point increase from last quarter, and is 12.2 percentage points higher than the same quarter last year, according to recruitment firm Hudson.
And the need for financial planners will only grow, according to the findings, which linked forecasted growth levels to service expansion.
The industry is likely to seek out further project management, operational risk and compliance skills in the near future, while retail banks will look to recruit people with broader skills sets.
The business and corporate banking area is looking to grow market share within the current aggressive environment, resulting in high demand for technical and business development skills.
The investment banking sector and funds and wealth management area are both currently booming, while the insurance sector has faced tough conditions with high levels of competition and increasing legislation.
Recommended for you
AZ NGA has partnered with an Adelaide-based accounting and financial planning practice as it expands its presence in South Australia.
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
