Financial services employment outlook good: Hudson


Despite widespread negative sentiment, employment expectations within the financial services industry remain positive, according to recruitment expert, Hudson.
Hudson's Employment Expectations report was released days after eFinancialCareers claimed 2012 could be a year of fear for financial services.
However, Hudson predicts a positive year for all industries, with 20 per cent of employers in the financial services and insurance sectors planning to increase their permanent headcount over the next year.
"In the financial services/insurance sector, specialist skills are highly sought after with financial planning, underwriting, mortgage lending, retail banking and sales skills remaining in demand," said Dean Davidson, national practice director for Hudson - accounting and finance.
"The banking sector is booting employment expectations as they look to increase permanent headcount in retail branches on the back of enhanced customer service offerings," Davidson said.
Despite a largely positive outlook, employer sentiment has slipped by 5.4 percentage points since the December 2011 quarter.
The most significant drop in financial services/insurance employer sentiment occurred in Victoria, where sentiment slipped 10.7 percentage points over the quarter and 18 percentage points over the year.
Recommended for you
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
A $3.5 million settlement for victims of Melissa Caddick has been approved by the Federal Court following an initial agreement last December.
The Reserve Bank of Australia has delivered its first rate decision since the introduction of a new board structure last month.
Digital advice provider Otivo has launched an interactive tool, powered by artificial intelligence and Otivo’s own advice engine, to help answer client questions.