Recruitment: why planners are bucking the trend

by Robin Christie18 Sep 2012

Financial planners are finding their skills in big demand, despite the knock-on effect that the mining slowdown is having on financial service jobs.

These are the findings of eFinancialCareers’ evaluation of the Brisbane job market, which has claimed that the city’s finance employment has been heavily dependent on the mining and public service sectors.

Noting that the fortunes of these two sectors have a much stronger effect on finance jobs in Brisbane than in other capitals, the finance recruitment specialist noted that the mining industry slowdown, coupled with decreasing coal prices and public service job cuts, has had a significant effect on financial services jobs in Brisbane.

However, financial planners still remain in big demand, along with paraplanners and brokers, among others. This is thanks to a residual demand for business-critical or revenue-generating roles, suggested eFinancialCareers MD, Asia Pacific, George McFerran.

“While things are certainly tight right now in Brisbane’s financial services hiring, it’s not all doom and gloom, and we expect that pending state government announcements about project spending in resources, construction and infrastructure may help revitalise the market,” he added.

“And if commodity prices improve and the mines step up production then confidence will return and Queensland will move forward.”

He believes that there’s unlikely to be any significant change in the job market for the remainder of 2012, but that finance will pick up next year once key spending announcements are made.