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Insurance Market Landscape - Q3 2013


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A preview of the Marks Sattin Insurance Market Landscape Q3 2013. Our full presentation covers in-demand technologies, job activity trends, attitudes towards remuneration, training, work benefits, well as role-specific salary information which offers you, the hiring organisation, a useful compass to navigate the preferences of your current and future employee base.

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Insurance Market Landscape - Q3 2013

  1. 1. Marks Sattin 2013-2014 Market Report Insurance Industry Insights
  2. 2. 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:
  3. 3. Surveyed Candidate Profile Gender Just over 15K Australian Finance, Banking and Insurance professionals contacted to give us their views on the employment market. Age Market Trends Source: Marks Sattin candidate survey
  4. 4. Surveyed Candidate Profile Age 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 Source: Marks Sattin candidate survey
  5. 5. Surveyed Candidate Profile Seniority In spite of the heightened attention paid to women in finance, women continue to be significantly under-represented in the upper echelons. Market Trends Source: Marks Sattin candidate survey
  6. 6. Candidate Remuneration What was your bonus in 2012? Female bonus’ were significantly less than males’. How satisfied were you with your most recent bonus? Market Trends Source: Marks Sattin candidate survey
  7. 7. Job Seeking Behaviour 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 Source: Marks Sattin candidate survey
  8. 8. Candidate Attraction Which of the following benefits are included in your current salary package? Candidates’ Top 5 Benefits Market Trends Source: Marks Sattin candidate survey
  9. 9. Skills and Training In the past 3 years have you ever self funded study to improve your skills and career prospects? Almost half of candidates have paid for study for their career development. Training can be a key tool for retention. Market Trends Source: Marks Sattin candidate survey
  10. 10. Marks Sattin – Value Adds Salary Survey Guide Skill Set Specific Annual Market Reports Client/Candidate Annual Surveys Market Landscape Presentations Industry vertical specific ‘Leadership Perspectives’ Forums Thought leadership and networking events Source: Marks Sattin candidate survey