AU
Sector: Corporate banking
Experienced Eye: Company mission statements are meaningless in the cold, hard reality of recruitment
Welcome to the second article from our new candidate blogger “Experienced Eye”. He’s, well, very experienced in the banking sector and is currently job hunting. Click here to read his first blog. And click here if you’d like to write (anonymously) about your own career on our site. Should noble ideas be limiting growth? It’s [...]
Tricky interview question: How many cricket balls are sold each year in Australia?
The question During an interview for a position as an assistant product manager in cash management at a big four Australian bank, a candidate was asked the following question: How would you go about calculating how many cricket balls are sold in Australia per year? The candidate’s reply I think I started with: “Errr, do [...]
There’s a (kind of) new firm in town: Bank of Melbourne starts to flex its recruitment muscles
Some might say it’s Westpac in disguise, but whatever the arguments about Bank of Melbourne’s independence, the firm is certainly starting to ramp up its recruitment ahead of its August rebirth. As St George becomes Bank of Melbourne in Victoria, $90m is being spent on new infrastructure, such as IT systems. Over the next four [...]
We can’t find fin planners, so we’re hiring salespeople and training them
The skill shortage in financial planning is nothing new but employers are becoming more innovative in their efforts to solve it, according to the recent eFinancialCareers roundtable in Melbourne, which was attended by HR professionals from several international and Australian firms. “We’re all in the market for them and there aren’t too many of them [...]
Sorry, we won’t negotiate on salary! Is this the best way to manage candidates with multiple offers?
Multiple offers are making a comeback because overall the job market is candidate short. Although they aren’t as prevalent as before the financial crisis, they are causing headaches for the senior HR professionals who attended the recent eFinancialCareers roundtable in Melbourne. One delegate said her firm has a take-it-or-leave-it approach to candidates who try to [...]
Firms focus on females in finance
Now is the time to address gender diversity in the financial sector, or else face even worse talent shortages in the future. That was the key talking point at last week’s eFinancialCareers roundtable in Melbourne, which brought together 10 HR professionals from leading Australian and international financial institutions. “We’ve witnessed a massive shift in emphasis [...]
Stuck in the Middle: Can the employment market really be that good if I’ve just been offered a 35 per cent pay cut?
I was recently approached about a position at a major firm which is looking to establish a foothold in a new area of the financial services. The process that unfolded led me to wonder exactly where the job market stands at this time. The role was a mid-level one, working in a team under some [...]
Westpac to cut some back-office and managerial roles, but don’t expect 6,000 layoffs
It was an interesting year for Westpac in 2010, with Australia’s oldest financial institution smashing through the $6bn profit mark, while suffering from media speculation suggesting it would consider slashing 6,000 jobs. In an official statement, however, Westpac says the reports are inaccurate, and that it will reduce staff over the next two years as [...]
Will you be a winner if you join the fifth pillar?
Treasurer Wayne Swan’s campaign to support the mutual sector could potentially be good news for candidates. Jobs will be generated if building societies and credit unions grow their businesses and create new types of financial products as a result of the reforms. Swan’s plan is designed to create a “fifth pillar”, using the combined power [...]
Dispatches: Australia Post won’t become a bank
Australia Post has signalled plans to expand financial services, but flatly rejects suggestions the organisation should become a bank. Australia Post chairman David Mortimer said that Australia Post, which began offering car insurance late last year, planned to expand into other financial services including superannuation, and was keen to offer more services for banks at [...]
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