Talent Market & Industry Updates

30 September 2022 Victoria Butt

Talent Market & Industry Update
Being industry leaders in recruitment across Product Management, Pricing & Actuarial, Digital, Marketing, Communications and Data Analytics, we believe up to date and relevant information is vital for our clients and candidates to make educated decisions and plan for the future. Our Talent Market and Industry updates are part of our Parity Plus offering to our professional network, providing intel on all things talent-related, and will be brought to you each month by the Parity team.
See below for all our Talent Market and Industry updates to date:
August & September 2022:
  • 3 Main trends shaping the demand for daily rate contractors and permanent capability across financial services:

    • Digitisation of offers to clients;

    • Consolidation of super funds & asset managers;

    • Regulation - legislative, regulatory and governance.

May & June 2022:
  • Downturn in markets and how this is affecting recruitment levels;

  • Candidate-led market remains and an increase in Organisations flexibility in candidate requests during the hiring process;

  • Product Owner role continuing to be a much sought after role in the market;

  • Data Science and Analytics recruitment becoming busier than ever;

  • Employee Value Proposition (EVP) evolving into Individual Value Propositions (IVP);

  • Results of Parity's LinkedIn Poll on what our community wants to see in our FY2022-23 Salary Guide and Insights.

April 2022:
  • Strong hiring optimism continues with demand for key talent across digital capability leading the way;

  • Demand for talent that possess strong executional capability at a junior, specialist and manager levels;

  • The rise and normalisation of hybrid work as Covid-19 restrictions ease further this month.

​March 2022:
  • ​Vacancy volumes remain high

  • Organisations hiring outside of normal scope

  • Time to fill vacancies

  • Return to work plans

  • Increase in roles offered to non-locals

  • Increase in immigration numbers raises competition

February 2022:
  • Junior and mid-level talent shortage

  • Salary increases overview of the past 12 months

  • Candidates preferences to move into more purposeful roles and companies

  • How organisations are trying to retain talent by improving benefits packages

Stay tuned for more updates to come and be sure to follow us on LinkedIn for up to date industry updates and news. As always, if there is a particular topic you would like to see covered in our updates, we would love to hear from you!
To reach out to one of our team of Specialist Consultants, visit our "Meet the Team" page or drop us an email at info@parityconsulting.com.au.