Financial Services
Hiring conditions in wealth management in 2023
You’ll likely be familiar with the term ‘candidate shortage’; as Australia has been fighting a lack of available talent for the past two years. With the unemployment rate the lowest it has been in decades, what does this mean for wealth management employers? Australia’s ageing population will drive strong demand for health insurance, superannuation, and…
Read MoreInsights on wealth management’s labour market 2022-2025: An industry snapshot series
In continuation of our update on unemployment and recruitment trends in 2022, we’ve expanded on our analysis to investigate trends specifically related to the wealth management industry. A quick summary of today’s wealth management recruitment trends: SEEK candidate availability in banking & financial services is low today compared with the last five years Since late…
Read MoreHow to attract promising mortgage broking talent amid candidate shortages
Talent shortages are affecting most industries in Australia, and the mortgage broking industry is no exception. Whilst it is harder than ever to find experienced candidates to join your mortgage broking business, there are ways that you can overcome the candidate shortages to continue to bring quality talent into your business. Be careful about offering…
Read MoreGreat news for Mortgage Brokers as 2022 Review of Mortgage Broker Remuneration is dropped
The federal government has announced that the 2022 Review of Mortgage Broker Remuneration by the Council of Financial Regulators and the ACCC will no longer be required. In February 2019, a report from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was released. In the report, Commissioner Kenneth Hayne addressed…
Read MoreAustralia’s property boom: what’s happening and what are mortgage brokers saying?
Mortgage brokers see a surge in business as buyers and investors flock to market amidst the property boom. As Australia slowly eliminates COVID-19 from within its borders and rolls out a vaccine program, consumer and business confidence progressively improve. Previously, many had predicted poor outcomes for the Australian property market. But, if you look…
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