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
Licensing regulation should prioritise consumer outcomes over institutional convenience, according to Assured Support, and the compliance firm has suggested an alternative framework to the “licensed and self-licensed” model.
The chair of the Platinum Capital listed investment company admits the vehicle “is at a crossroads” in its 31-year history, with both L1 Capital and Wilson Asset Management bidding to take over its investment management.
AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies.
With a large group of advisers expecting to exit before the 2026 education deadline, an industry expert shares how these practices can best prepare themselves for sale to compete in a “buyer’s market”.
