T+O+M BLOG

In case you missed the T+O+M Talks video here's a summary from Gillian Duffy on recruitment activity for Projects and Transformation at the end of 2024.

Market Trends

• Westpac Unite Central Location Technology Program has led to a major project uptake in the bigger banks.
• However, there are still lots of regulatory initiatives developing in both second tier banks and mutual spaces.
• The insurance and Superannuation areas have remained relatively steady.

Recruitment Trends

• High inflation and a cost conscious environment have continued to affect recruitment however, there has been a slight uptake that is expected to continue into the New Year with only a minor drop over the Christmas period.
• Overall salaries have remained consistent with roles including cyber and AI having a premium attached.
• The contingent market is beginning to pick up again.

Skills in demand

• The BA and PM skill space have seen the highest demand while technology and data migration also continue to be highly sought after skills.
• The senior end of the market remains soft however, this is expected to change throughout 2025.
  

Advice for candidates

• Due to the competitive market it is important to tailor your CV for each job opportunity highlighting key achievements and relevant experience.
• It is becoming increasingly important to stay on top of networking and ensure you are informed on what is happening in the market.

Advice for Clients

• Ensure a quick and effective process is in place with mostly constructive feedback being sent back to candidates to help them improve
•  Find ways to demonstrate leadership and the success of your team when hiring.
• Make sure that candidates for permanent roles understand the values of your company.

If you would like to find out more, get in touch with a member of the Project, Transformation and Change Management Team.

You can watch the full video here: