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
Next year will see AMP roll out an end-to-end solution for its North platform, marking a shift in the firm’s position within the advice technology sector and building on adviser feedback.
My Dealer Services is predicting strong growth in self-licensing next year, citing recent ASIC action against Interprac and the desire for independence as key drivers of the self-licensing trend.
ASIC has handed down a six-month AFSL suspension to MW Planning after the firm failed to replace its banned responsible manager.
Despite the year almost at an end, advisers have been considerably active in licensee switching this week while the profession has reported a slight uptick in numbers.
