| Do you currently, or would you like to recruit new entrants (e.g. graduates or career changers) to the industry? |
Yes |
103 |
54.8% |
| No |
85 |
45.2% |
| Do you have a standard career progression pathway for new entrants? |
Yes |
70 |
64.8% |
| No |
38 |
35.2% |
| Are new entrants provided with: |
| A formal induction? |
Yes |
75 |
78.1% |
| No |
21 |
31.8% |
| Formal training in their first two years? |
Yes |
53 |
61.6% |
| No |
33 |
38.4% |
| Informal training in their first two years? |
Yes |
92 |
94.9% |
| No |
5 |
5.2% |
| Incentives Packages |
Yes |
56 |
62.2% |
| No |
34 |
37.8% |
| Career Planning |
Yes |
61 |
67.0% |
| No |
30 |
33.0% |
| Other |
|
3 |
- |
| Would you like to see a structured graduate recruitment and development process put in place at the industry level similar to that in other professions such as accounting and law e.g. long-term internships? |
Yes |
153 |
81.8% |
| No |
34 |
18.2% |
| Are you planning to grow staff numbers in the next 5 years? |
Yes |
160 |
85.1% |
| No |
28 |
14.9% |
| For firms with gross revenue of <$500,000 |
Yes |
40 |
78.4% |
| No |
11 |
21.6% |
| For firms with gross revenue of $500,000-$1,000,000 |
Yes |
50 |
89.3% |
| No |
6 |
10.7% |
| For firms with gross revenue of $1,000,001-$2,000,000 |
Yes |
37 |
80.4% |
| No |
9 |
19.6% |
| For firms with gross revenue of $2,000,001-$5,000,000 |
Yes |
22 |
100% |
| No |
0 |
0 |
| For firms with gross revenue of >$5,000,000 |
Yes |
11 |
84.6% |
| No |
2 |
15.4% |
| SME firms combined ($0-$5,000,000) |
Yes |
149 |
85.1% |
| No |
26 |
14.9% |
| Are you planning to use graduates for staff growth in the financial planning roles in your firm? |
Yes |
100 |
64.5% |
| No |
55 |
35.5% |
| For firms with gross revenue of <$500,000 |
Yes |
22 |
55.0% |
| No |
18 |
45.0% |
| For firms with gross revenue of $500,000-$1,000,000 |
Yes |
31 |
66.0% |
| No |
16 |
34.0% |
| For firms with gross revenue of $1,000,001-$2,000,000 |
Yes |
22 |
59.5% |
| No |
15 |
40.5% |
| For firms with gross revenue of $2,000,001-$5,000,000 |
Yes |
14 |
70.0% |
| No |
6 |
30.0% |
| For firms with gross revenue of >$5,000,000 |
Yes |
11 |
100.0% |
| No |
0 |
0.0% |
| SME firms combined ($0-$5,000,000) |
Yes |
89 |
61.8% |
| No |
55 |
38.2% |
| Please indicate the following methods that you would most likely use to recruit for new entrants into the financial planning pathway (multiple responses allowed) |
| Direct from a university program |
|
76 |
17.3% |
| Recruitment agency |
|
74 |
16.9% |
| Online, large job site eg seek, |
|
77 |
17.5% |
| Online specialty job sites eg financial planning sites |
|
27 |
6.2% |
| Online networking site (eg LinkedIn) |
|
46 |
10.5% |
| Personal networks |
|
129 |
29.4% |
| Print ads |
|
6 |
1.4% |
| Other (please specify) |
|
4 |
0.9% |
