An overview of trends in the Insurance market for Q3 2013.

1. Marks Sattin 2013-2014
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