Marks Sattin 2013-2014 Market Report

Insurance Industry Insights

About Marks Sattin

• Established in 1988

• Three areas of specialisation; Insurance, Accounting and Banking & Finance

• Leading global specialist financial recruitment company – offices in Europe, Asia, Oceania and South America

• Our APAC offices provide recruitment solutions throughout the region, leveraging of our global presence and candidate network

• We pride ourselves on delivering outstanding levels of service, combined with quality candidates. Our loyal and exclusive clientele can attest to it.

• Part of the FiveTen Group of global companies:

Market Trends

Surveyed Candidate Profile

Gender

Age

Just over 15K Australian Finance, Banking and Insurance professionals contacted to give us their views on the employment market.

Source: Marks Sattin candidate survey

Market Trends

Surveyed Candidate Profile

Age

Source: Marks Sattin candidate survey

Despite double the number of females in the finance industry in their early career, they are under-represented from age 30. A key challenge for employers is how to retain females as they progress in their career.

Market Trends

Surveyed Candidate Profile

Seniority

Source: Marks Sattin candidate survey

In spite of the heightened attention paid to women in finance, women continue to be significantly under-represented in the upper echelons.

Market Trends

What was your bonus in 2012?

Candidate Remuneration

How satisfied were you with your most recent bonus?

Source: Marks Sattin candidate survey

Female bonus’ were significantly less than males’.

Market Trends

Job Seeking Behaviour

Source: Marks Sattin candidate survey

9 out of 10 candidates are either passively or actively keeping an eye on the market; candidate retention will be a key challenge if the market improves.

Market Trends

Which of the following benefits are included in your current salary package?

Candidate Attraction

Candidates’ Top 5 Benefits

Source: Marks Sattin candidate survey

Market Trends

In the past 3 years have you ever self funded study to improve your skills and career prospects?

Skills and Training

Source: Marks Sattin candidate survey

Almost half of candidates have paid for study for their career development. Training can be a key tool for retention.

Salary Survey Guide Skill Set Specific

Annual Market ReportsClient/Candidate Annual Surveys

Market Landscape PresentationsIndustry vertical specific

‘Leadership Perspectives’ ForumsThought leadership and networking events

Marks Sattin – Value Adds

Source: Marks Sattin candidate survey