Articles - Overhyped salary expectations for actuaries cause concern


 Actuaries’ salaries being unrealistically hyped up by parts of the recruitment industry has become a real concern for Dr Geraldine Kaye of GAAPS Actuarial. “We now see candidates reject actual job offers with extremely realistic and generous salary packages because they have been seduced by recruitment consultants who tell them an alternative job will pay even more, only to find those expectations prove to be fantasy and end up with no job at all.”

 “We had an example recently where an overseas candidate of which we are aware travelled to London for a specific job. When she arrived was told by a variety of other recruiters that the market rate payable by other employers was higher. So she declined the original offer, to find that other job offers never materialised. I find this irresponsible on behalf of my industry and a big dose of realism is required otherwise both employers and potential future employees will lose out more and more.”

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