Page 19 - Cox Purtell Salary Guide 2019 COMPLETE

INSURANCE & RISK

CURRENT TRENDS

CANDIDATE-DRIVEN MARKET TOP DRIVERS OF ATTRACTION

Despite industry growth slowing in this
sector, the competition for specialised, 1 Salary / Compensation
experienced candidates is still fierce.
2 Development Opportunities
This is coupled with a significant decrease
in enrollments in insurance-relevant training
programs, which has declined steadily since 3 Work-Life Balance
2014. Moreover, there is even greater decline
in the number completing the qualification.

Average application rates remain low for
the sector, according to SEEK, and are STAFF RETENTION
not expected to increase despite slowing
industry growth. Attracting & retaining quality staff remains
the greatest challenge for the insurance
sector.

SKILLS IN DEMAND Knowing what employees, both current
and potential, want is crucial. According
The skills most requested by employers are to SEEK, the most important factor for
general communication skills and effective insurance professionals when considering a
relationship building. job is salary, however this is closely followed
by career & professional development
With a rise in software automation opportunities.
technology, employers’ focus is shifting
from data input and toward people-centric
roles that AI cannot complete.

GENDER SPLIT
TOP OCCUPATIONS IN DEMAND

1 Sales Representatives 47% 49%

2 Management & Organisation analysts

3 Loss Adjusters/Risk Surveyors

4 Information Officers

2019 SALARY GUIDE | COXPURTELL.COM.AU 19