Wealth management jobs in highest demand
A third of wealth management organisations recently surveyed say they expect to hire more employees this year, while two-fifths expect to keep main staff at current levels, according to research from Super Recruiters.
However, none planned to downsize, although 16% expected to replace some roles with technology.
The expected roles most in demand for 2020 were sales and risk compliance, followed customer/member engagement, and operation roles.
Sally Humphris, Super Recruiters executive director, said when hiring for these roles, cultural fit was considered the most important criteria by c-suite leaders, followed by proven experience and technical skills, however, there were no responses for qualifications or remuneration.
She also said job seekers are increasingly reporting being disheartened by the automation of recruitment in our industry.
“We are hearing an increasing number of complaints from skilled people applying for roles and not getting a response – even when they have all the skills and experience,” Humphris said.
“The reason why they – in fact most of us – don’t get far is that most of us don’t understand how the job search algorithms, those digital search matching terms used in online job applications, actually work.
“A job ad can elicit hundreds, even thousands, of responses and many of the applications will be unsuitable. But all must be digitally or manually screened by a recruiter to identify a shortlist of appropriate candidates.”
AUTHOR
Chris Dastoor
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
