Latest News:  
Beijing   Thundershower/Cloudy    31 / 22   City Forecast


Australia businesses struggling to find skilled financial professionals: survey


11:15, August 16, 2011

CANBERRA, Aug. 16 (Xinhua) -- Nearly three-quarters of Australian employers in finance, accounting and banking are struggling to find skilled financial professionals, with more than a third saying accountants are the most sought after, latest survey showed on Tuesday.

The survey of 1678 respondents across Australia, conducted by recruitment specialist Robert Half, found 88 percent of employers are concerned about losing their top financial performers to competitors.

For 26 percent of employers, the worry of losing their top employees to other job opportunities is keeping them awake at night.

"Replacing key talent is costly for a business, particularly in relation to the loss of company knowledge," Robert Half director Kevin Jarvis said releasing the survey findings on Tuesday.

Meanwhile, the survey showed more than two-thirds of financial professionals are satisfied with their job, with only 17 percent per cent saying they are dissatisfied with their lot.

However, given the right inducement, 95 percent of staff would be tempted to move jobs.

Salary is a key factor for 27 percent of respondents to entice them to another job, while 17 percent said they would be looking for more challenging responsibilities. The opportunity to work for an inspirational manager would be a lure for 12 percent of respondents, while the same proportion would move for a more prestigious job title.

Earlier, Lloyd Morgan Accounting Skills Index indicated Australia's will continue to see a shortage in skilled accountant, showing that between now and the end of 2012, demand for accountants is forecast to rise by 4.5 percent (approximately 7, 000 accountants) while supply is forecast to rise by a slower 3.1 percent (approximately 5,000 accountants).


Leave your comment0 comments

  1. Name


Selections for you

  1. Chinese naval fleets carry out missile attack drill

  2. Flower-like women

  3. Female soldiers march into history

  4. Lovely beluga gives performance

Most Popular


  1. UK riots expose social management shortcomings
  2. World economy still follows W-shaped trend
  3. History of US debt is history of US wars
  4. Ending China's worship of almighty GDP
  5. China urged to reform export tax rebate system
  6. China must take its own path
  7. US should not threaten balance in China relations
  8. Chinese economy will not derail
  9. China has no model, only its own path

What's happening in China

Female soldiers march into history

  1. Wiretap Trojan viruses on rise on China's smartphones
  2. New campaign targets gender ratio imbalance
  3. China to Sue ConocoPhillips for Oil Leaks
  4. Man axing wife's lover charged with murder
  5. 'Staycation'

PD Online Data

  1. The Tartar ethnic minority
  2. The Xibe ethnic minority
  3. The Miao ethnic minority
  4. The Maonan ethnic minority
  5. The Lahu ethnic minority