Financial services jobs outlook positive

job growth finance jobs finance finance industry

26 September 2016
| By Malavika |
image
image
expand image

Financial professionals in the market for jobs have reason to be optimistic with data showing positive employment figures across financial and insurance services despite recent volatility, political uncertainty, and interest rate cuts, according to Robert Half.

The recruitment firm's Australian Jobs Monitor examined the Australian Bureau of Statistics' (ABS') figures, which showed an increase of 800 roles across financial and insurance services between May and August 2016.

This represented a 3.6 per cent increase in finance employment, or an additional 15,000 roles compared to 12 months ago.

The steady growth compared favourably to the previous quarters' stronger growth, which pointed to a growing trend of businesses increasingly adapting to economic and political certainty.

Robert Half director, Nicole Gorton, said, however, that firms found it difficult to find finance candidates with the skills that suited available roles.

"Robert Half research has shown 89 per cent of CFOs (chief financial officers) in Australia say it is challenging to find skilled finance staff - primarily due to a lack of professionals with the required niche and technical skillset," Gorton said.

"The top three functional areas employers fund hardest to source are business and financial analysis, accounting, and financial management and control."

Employment growth within the sector was rising but at a slower place, and growth was most evident in part-time rather than full-time employment.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

3 weeks 4 days ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

1 week 3 days ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

5 days 19 hours ago

Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

4 days 23 hours ago