Powered by MOMENTUM MEDIA
realestatebusiness logo

Subscribe to our newsletter

Financial services salaries to be ‘restricted'

Despite an increased demand for employees across the banking and financial services sector, employee salaries are unlikely to change in 2016, according to a recruitment consultancy firm.

Robert Walters’ 2016 Salary Survey report found that there will be a growing demand for banking and financial services employees as banks and companies increase the number of permanent and contract roles available.

However, Robert Walters said despite this demand for employees, the firm does not expect to see any “significant salary increases” during the year.

In fact, the consultancy firm said salary rises are “likely to be restricted” to the level of consumer price inflation, which is around 1.5 per cent.

Robert Walters’ review also found that increasing regulatory requirements will continue to impact banks in Victoria and New South Wales.

Advertisement
Advertisement

As a result, the firm said there will be a greater need for technical accountants in treasury, capital management and regulatory departments during 2016.

“Due to the nature of these projects, both permanent and contract professionals will be in high demand,” the report said.

Robert Walters also noted that across both Melbourne and Sydney, companies in the wealth and superannuation sector will need to hire customer-focused employees as organisations “seek to differentiate themselves” from competitors through superior service.

“Local and international banks will also recruit credit assessment professionals who can liaise with mortgage brokers on managing home loan approvals,” the report said.

[Related: Conditions ripe for corporate takeovers]

Financial services salaries to be ‘restricted'
mortgagebusiness

Latest News

The big four banks continue to dominate the mortgage market with three reporting an increase to their home loan books over May, APRA stats r...

The prudential regulator has revoked Citigroup Pty Limited’s banking licence following the completion of its sale to NAB. ...

The first month of winter was one where value growth continued to freeze, marking Australia’s “sharpest slowdown” in more than three d...

VIEW ALL

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

Do you think the new NSW property tax will help or hinder first home buyers?

Website Notifications

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