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
Advisers at DOD Bookkeeping, which received an $11 million penalty last week, received as much as 40 per cent of their remuneration via a bonus when clients purchased a property via a SMSF, according to court documents.
Private wealth manager Escala Partners has launched an end-to-end investment platform to strengthen its alternatives capability as clients seek sophisticated vehicles.
Perpetual Wealth Management has hired two advisers from Ord Minnett as part of five hires, just weeks after the rival firm announced it had picked up six from Perpetual Private.
ASIC has cancelled the AFSL of a Perth financial services firm following payments to its clients by the Compensation Scheme of Last Resort after a failed managed investment scheme.
