The eFinancialCareers Employment Survey found that 46 per cent of finance employees intend to move to a new employer in 2013, despite a slowdown in hiring activity.
“For finance professionals this means there has been less opportunity to take advantage of internal openings created by staff turnover, and the large scale layoffs experienced at the end of the year are also likely to have stalled the potential for some individuals to progress within their organisation,” eFinanicalCareers' managing director, APAC, George McFerran said.
“In this situation, we tend to see more candidates looking externally for a chance to advance their careers despite the challenging hiring environment.”
The survey found that 54 per cent of Australian finance professionals cited a lack of career progression at their current firm as a motivating factor, while 38 per cent noted perceived higher pay at other employers.
A further 33 per cent said they were frustrated by a lack of recognition for their accomplishments at their current firm.
The results come after a Profusion study released in March found a similar number of finance professionals were “actively seeking” a new job.
The Profusion Banking and Financial Services survey also found that 92 per cent of banking and financial services employees would be open to looking elsewhere for employment as a result of volatility in the industry over the last several years.
At the time, Profusion Group chief executive Rod Jones told InvestorDaily that the result was “quite relevant to the exact time that we’re in”.
“Banking and financial services generally attract individuals who like the fast-paced, dynamic and highly-paid environment,” Mr Jones said.
“A lot of the risk-taking activities have really been removed from the banking sector and banks have had to go back toward the basics in terms of customer related business.
“It has made banking and financial services a less dynamic environment for people who have joined the sector for a dynamic role.”
