Changing jobs could provide solid return: survey
Financial services sector employees could pick up pay increases of 10 to 15 per cent by moving jobs, while counter-offers from current employers could further boost their salaries, a new survey reveals.
Specialist recruitment consultancy firm, Robert Walters, forecast that the improving economic conditions would also see slight increases in permanent employees' salaries of 0.65 per cent in the banking and financial services sector in 2015.
Robert Walters managing director Australia and New Zealand, James Nicholson, said improved market conditions had created an environment where financial services workers had started to look to move roles.
"We anticipate increments of 10 to 15 per cent for those moving to a new role in high demand areas such as regulatory and compliance, business facing finance staff, sales and IT roles in financial services," he said.
"Counter-offers will have a further compounding effect if demand outstrips supply."
The survey also revealed that permanent financial services staff based in Brisbane will see the highest rate of growth at 4.8 per cent.
AUTHOR
Nicholas O'Donoghue
Recommended for you
With Insignia shares up 32 per cent in the past month and the firm enacting a five-year growth plan, Morningstar believes the two recent acquisition bids from private equity firms demonstrate the company is undervalued.
As financial advisers enter the new year, Assured Support shares eight strategies to help advice businesses thrive through focused and consistent planning.
Insignia Financial has received a takeover bid from a second US firm, topping Bain Capital’s offer with a bid of $4.30 per share.
As the year comes to an end, Money Management takes a look at the biggest announcements that shocked the financial advice industry in 2024.
