Post on 27-May-2015
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Marks Sattin 2013-2014 Market Report
Insurance Industry Insights
About Marks Sattin
• Established in 1988
• Three areas of specialisation; Insurance, Accounting and Banking & Finance
• Leading global specialist financial recruitment company – offices in Europe, Asia, Oceania and South America
• Our APAC offices provide recruitment solutions throughout the region, leveraging of our global presence and candidate network
• We pride ourselves on delivering outstanding levels of service, combined with quality candidates. Our loyal and exclusive clientele can attest to it.
• Part of the FiveTen Group of global companies:
Market Trends
Surveyed Candidate Profile
Gender
Age
Just over 15K Australian Finance, Banking and Insurance professionals contacted to give us their views on the employment market.
Source: Marks Sattin candidate survey
Market Trends
Surveyed Candidate Profile
Age
Source: Marks Sattin candidate survey
Despite double the number of females in the finance industry in their early career, they are under-represented from age 30. A key challenge for employers is how to retain females as they progress in their career.
Market Trends
Surveyed Candidate Profile
Seniority
Source: Marks Sattin candidate survey
In spite of the heightened attention paid to women in finance, women continue to be significantly under-represented in the upper echelons.
Market Trends
What was your bonus in 2012?
Candidate Remuneration
How satisfied were you with your most recent bonus?
Source: Marks Sattin candidate survey
Female bonus’ were significantly less than males’.
Market Trends
Job Seeking Behaviour
Source: Marks Sattin candidate survey
9 out of 10 candidates are either passively or actively keeping an eye on the market; candidate retention will be a key challenge if the market improves.
Market Trends
Which of the following benefits are included in your current salary package?
Candidate Attraction
Candidates’ Top 5 Benefits
Source: Marks Sattin candidate survey
Market Trends
In the past 3 years have you ever self funded study to improve your skills and career prospects?
Skills and Training
Source: Marks Sattin candidate survey
Almost half of candidates have paid for study for their career development. Training can be a key tool for retention.
Salary Survey Guide Skill Set Specific
Annual Market ReportsClient/Candidate Annual Surveys
Market Landscape PresentationsIndustry vertical specific
‘Leadership Perspectives’ ForumsThought leadership and networking events
Marks Sattin – Value Adds
Source: Marks Sattin candidate survey