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.
Amid a challenging market environment, three super fund CIOs have warned against ‘jumping at shadows’.
AustralianSuper, Rest, and HESTA agree on the need to retain and enhance the test, yet they differ in their perspectives on the specific areas that warrant further refinement.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
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