Employers in the financial and insurance services are one of the fastest growing users of contingent workforces, according to the Kinetic Super.
Kinetic Super’s Contingent Job Index Report found this was a growing trend across both white and blue-collar professions within Australia.
The report found Victoria and Tasmania had seen the fastest increase in the growth of use of contingent labour, up 70 per cent across temporary, contract and casual roles.
Commenting on the findings, Kinetic Super chief executive Katherine Kaspar, said the fund had a large customer base within that.
“Contingent workers…make up majority of our members – and their unique requirements,” she said.
“This has allowed us to offer invaluable insights into the trends and issues impacting part time, flexible and transient workers across all industries and occupations.”
Education and training was the largest industry user of contingent staff (42.7 per cent as of August 2017) while financial and insurance services saw a 50.7 per cent increase between March and August this year.
The profit-to-member super funds are officially operating as a merged entity, set to serve over half a million members.
Super Review announced 21 winners at the annual Super Fund of the Year Awards, including the recipient of the prestigious Fund of the Year Award.
A research firm has given UniSuper a glowing review, praising its strong leadership and “compact team”, as well as its “creditable governance” structure.
Assistant Treasurer Stephen Jones has defended the government’s plan to modestly cut tax concessions for Australia’s wealthiest superannuation accounts, saying it is a “fairer outcome”.