Pay rise please, brokers demand

By BN | 28/07/2010 5:32:00 AM | 0 comments

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."

 

Bookmark and Share ALB

Latest Comments

E-Newsletter

enews
Our daily newsletter is FREE and keeps you up-to-date with the world of lenders, aggregators, brokers and loans.
Subscribe Today

MPA issue 12.02

E-Mag

MPA issue 12.02 OUT NOW
2012 – the big questions answered; The virtual broker; Strings to your bow – ins ...

view online

E-Mag Get Updated

enews
Australian Broker's e-mag provides all of the in-depth news, opinion and analysis available in our print edition straight to your inbox
Subscribe Today

Your comment

Broker news forum is the place for positive industry interaction and welcomes your professional and informed opinion.
Name

Comment


By submitting, I agree to the Terms & Conditions

You are about to submit your comment. Please ensure it is:

  • Professional
  • In your own name or pseudonym, not impersonating someone else
  • Free from offensive language
  • Free from advertising
  • Please also see our Terms & Conditions

If you prefer not to post but want to get your viewpoint across, you can always email the editor.