Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

Promising outlook for financial services sector

A new employment report points to positive signs for NSW financial services jobs in the second quarter of 2015.

The latest Hudson report on employment trends found 19.7 per cent of employers intend to increase staffing levels as a result of growth in property and construction as well as ongoing change and transformation projects in the financial services sector, which continues to perform strongly.

Victoria led the charge for positive hiring intentions throughout the second quarter, with a net 21.9 per cent of employers looking to increase their number of permanent staff.

Advertisement
Advertisement

This figure is up 2.2 per cent from the first quarter and 12.2 per cent from the same period last year.

Resource states continue to face ongoing challenges, with Queensland and South Australia showing the weakest hiring intentions, according to the report.

A net 12.2 per cent of employers are looking to hire in Queensland in the second quarter, while a net 10.3 per cent of employers are looking to hire in South Australia – showing quarterly declines of 8.2 per cent and 9.1 per cent respectively.

“This reflects what we now know as the ‘new normal’ and part of the ongoing transition in Australia’s labour markets, with growth shifting away from mining to professional services, ICT, finance and legal across all states,” Hudson executive general manager Dean Davidson said.

Despite the fall in some locations, Mr Davidson said net hiring intentions in the second quarter remain strong across the country.

“Our research reveals a transition in the labour markets, with weaker employment conditions in mining and resourcing offset by more positive conditions in industries such as professional services, IT and financial services,” he said.

According to the report, a net 31.5 per cent of employers and hiring managers in professional services are looking to hire in the second quarter, with 25.2 per cent in the financial services sector.

“Employers in sectors such as this are hungry for the right talent to support structural transformation projects and underpin future business growth,” Mr Davidson said.

Promising outlook for financial services sector
mortgagebusiness

 

Latest News

The newly instated BOQ CEO has committed to revamping the bank’s home lending business amid a “disappointing” FY19 result. ...

The chairman and CEO of a non-major bank has called for an end to political “point scoring” at the expense of Australia’s banking syst...

The value of home loans taken out by investors has increased 11.6 per cent in the three months ending August 2019, according to a CoreLogic ...

FROM THE WEB
podcast

LATEST PODCAST: Mortgage pricing and product switching

Do you think the mortgage market will see more consolidation this year?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.