Hiring to continue until year's end

Fight for talent

By Julie May
Wed 23 Jun 2010

Recruiters say job opportunities in financial services will continue to arise until year's end.

Recruiters are confident that good job candidates will have a plethora of career opportunities in financial services up until Christmas.

Financial Recruitment Group (FRG) managing director Judith Beck said while June tended to be a quieter month as companies finished their budgets, a lot of firms had received approvals for new hires going forward.

"The majority of our clients have flagged that we will have plenty of work from July up until Christmas, and in order to be prepared for that, we're currently putting another three recruiters on in Sydney," Beck said.

There had been an increase in practice development roles and financial planners were still highly sought after, she said.

"There is also a lot happening in private banking, with a lot of opportunities for private client advisers and investment advisers," Beck said.

"I think we will see new companies form and that candidates will have a lot of choice in terms of what they can do."

Beck said the fight for good talent was certainly "back on" - especially in Sydney.

Growth Focus managing director Steven Fine said he didn't know whether recruitment would accelerate between now and Christmas, but said it would continue at a good pace.

"There are definitely more opportunities for good candidates right now, however some companies have missed out on employing them due to lengthier hiring processes," Fine said.

He said there had been a notable increase in the demand for support roles and paraplanning jobs in particular, and that while banks were still recruiting, there had been more activity in recent months by the independents.

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