Pay rise please, brokers demand
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BN
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28/07/2010 5:32:00 AM
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Mortgage brokers and financial planners are calling for pay rises of up to 30%, as Australia's economic conditions have improved and they become better qualified under new regulations.
A Skills Index released by recruitment firm Clarius showed salary expectations in financial planning and wealth management increased by up to six times the national average of 5.1% in the June quarter.
The Australian Financial Review reports that as a result, smaller financial planning and broking businesses were finding it difficult to attract qualified staff and faced staffing problems.
Clarius executive general manager Paul Barbaro told the AFR: "The longer-term trend in the financial services space is a shortage of suitably qualified candidates for positions in the banking and wealth management sectors."
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