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Marks Sattin 2013-2014
Insurance Market 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:
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
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
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
Demand For Candidates (SEEK)
Demand for candidates has
decreased across all sectors since
2011.

Source: SEEK.com.au
Remuneration Expectations
If you were considering a new external job, what do you perceive to be
an acceptable increase in basic salary?
Salary expectations are less
predictable than 2012, with
1/3 expecting 5-10% and
1/3 expecting 16-20%.

Market Trends

Source: Marks Sattin candidate survey
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
Job Security Perceptions
How would you rate your current job security?
Job security is mostly
unchanged from 2012, with
approximately ¼ feeling
insecure.

Source: Marks Sattin candidate survey
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
Recruitment Process
Have you ever lost interest in a role because the recruitment
process took too long?

The cost of being too slow;
speed to fill is a strong
competitive advantage.

Market Trends

Source: Marks Sattin candidate survey
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

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Insurance Market Insights

  • 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. 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. 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. 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. Demand For Candidates (SEEK) Demand for candidates has decreased across all sectors since 2011. Source: SEEK.com.au
  • 7. Remuneration Expectations If you were considering a new external job, what do you perceive to be an acceptable increase in basic salary? Salary expectations are less predictable than 2012, with 1/3 expecting 5-10% and 1/3 expecting 16-20%. Market Trends Source: Marks Sattin candidate survey
  • 8. 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
  • 9. Job Security Perceptions How would you rate your current job security? Job security is mostly unchanged from 2012, with approximately ¼ feeling insecure. Source: Marks Sattin candidate survey
  • 10. 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
  • 11. Recruitment Process Have you ever lost interest in a role because the recruitment process took too long? The cost of being too slow; speed to fill is a strong competitive advantage. Market Trends Source: Marks Sattin candidate survey
  • 12. 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