RC doesn’t shake industry’s hiring intentions
The Royal Commission doesn’t seem to have dampened the industry’s hiring intentions, with the finance, insurance and real estate sector showing its highest employment intent since 3Q12.
ManpowerGroup’s Net Employment Outlook found that hiring intentions for the sector stood at +21 per cent for the fourth quarter of 2018, well ahead of the national average of +13 per cent.
“While many have expected the finance industry to have a more subdued outlook as it continues to process the findings of the Royal Commission, the data suggests the industry is preparing for significant changes that require an increase in headcount in order to manage new compliance obligations while maintaining a competitive position in a rapidly changing sector,” Manpower said.
AUTHOR
Hannah Wootton
Recommended for you
The ongoing adviser shortage is a key driver behind advisers’ increased use of ETFs and managed accounts, according to an industry expert, fuelled by the need for cost and efficiency savings.
A business consultant believes there is a proven correlation between advice businesses that develop and commit to a clear business plan and those that see higher profit outcomes, but only when done correctly.
Advice technology solution intelliflo has launched an integration with fintech firm FAYBL to introduce AI capabilities across the intelliflo office offering to boost efficiency.
ASIC’s court case with Interprac is causing advisers to explore the possibility of self-licensing, according to My Dealer Services, as they observe the reputational damage it can bring to a practice.
