The finance sector’s employment outlook for the first quarter of the year remains strong, despite last year’s royal commission and a decline in property prices, according to a study by staffing firm ManpowerGroup.
The Manpower Employment Outlook Survey found the net employment outlook for the finance, insurance and real estate sector sits at +15 per cent for the first three months of 2019.
The outlook is a decline of 6 points since the 4Q18 but still steady with the same time last year.
The study expects more employers in finance will be implementing an increase of hiring levels than those who are not, with Manpower saying last year’s royal commission failed to affect employing intentions.
It also expects the decline in property prices in Australia will fail to impact employment in the sector.
Finance came in as one of the highest anticipated employers after mining and construction which topped net employment outlook at +22 percent, and transportation and utilities at +18 per cent.
The survey was based on data collected from more than 59,000 employers in 43 countries, including 1,500 in Australia.
Stimulate new ideas. Stimulate new thinking. Top up your CPD and hear from industry experts with InvestorDaily’s Knowledge Centre. Keep up to date with the latest trends and reforms, all while adding to your CPD. Explore the knowledge centre Knowledge Centre now.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
Despite the Australian economy’s ongoing rapid recovery, an Australian equity head believes GDP growth will “fade” in 2022. ...
The next financial year could see a “new record year” for dividends as the Australian economy continues its recovery from the COVID-19 p...