The Australian superannuation industry should defy current market volatility and emerge as one of the nation’s employment growth areas, according to specialist recruitment business, SUPER Recruiters.
The company has pointed to a recent industry survey that revealed around 50 per cent of respondents said they expected to employ more people this year compared to last year.
The survey, conducted by both SUPER Recruiters and Riskwise Professionals found that, by contrast, fewer than a quarter of those surveyed expected to reduce headcount.
Commenting on the results, SUPER Recruiters founder, Guy McKanna said around a quarter of respondents were uncertain about their hiring prospects.
He said respondents suggested that identifying appropriate candidates represented significant challenge, particularly finding the right cultural fit.
McKanna said that the survey had also identified that respondents had noted the degree to which employees had become resistant to changes with technology as a challenge.
The central bank has served up a disappointment for punters on Melbourne Cup Day.
The superannuation industry will be judged by its member services rather than how effectively it accumulates wealth, according to Stephen Jones.
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.