Money Market Clerks
Overview
Snapshot
Summary
Money Market Clerks process documentation and maintain records of securities transactions and registrations.
Also known as: Scrip Clerk (Stockbroking), or Securities Clerk.
Formal qualifications are not essential to work as a Money Market Clerk. Although some workers have a Vocational Education and Training (VET) qualification or university degree in banking, finance and accounting.
Tasks
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Obtains information on the form of competitors by research, attending trials and liaising with contacts.
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Reviews, checks, verifies and issues transaction documentation for securities.
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Claims accruing dividends and processing dividend payments.
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Compiles results of calculations into tables, graphs and charts to be used in analysis.
Characteristics
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University
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Vocational Education and Training (VET)
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Informal or on-the-job
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Administrative
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Enterprising
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Sedentary
Outlook
JSA produces employment projections to show where likely future job opportunities may be. Employment projections data are only produced for occupations at the broad four digit Australian and New Zealand Standard Classification of Occupations (ANZSCO) level. While data are not available for this occupation, projections data are available for the parent occupation, Insurance, Money Market and Statistical Clerks, under the outlook section.
Earnings and hours
Working arrangements
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Around 79% of people employed as Money Market Clerks work full-time hours, in all their jobs combined. This is 13 percentage points above the all jobs average (66%).
Full-time workers work an average of 41 hours per week in their main job. This is similar to the all jobs average (44 hours per week).
Sources:Full-time share and full-time hours: ABS, 2016 Census, customised report. Compared to the all jobs average.
Industries
Main industries
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Most Money Market Clerks work in the Financial and insurance services industry. They are also employed in industries like:
- Professional, scientific and technical services
- Public administration and safety
- Health care and social assistance.
Source: Based on ABS Census 2016, Customised Report.
Regions
Employment across Australia
NSW
VIC
QLD
SA
WA
TAS
NT
ACT
Employment by State and Territory (% Share)
State | Money Market Clerks | All Jobs Average |
---|---|---|
NSW | 40.5 | 31.6 |
VIC | 30.0 | 25.6 |
QLD | 12.8 | 20.0 |
SA | 4.3 | 7.0 |
WA | 10.0 | 10.8 |
TAS | 1.2 | 2.0 |
NT | 0.3 | 1.0 |
ACT | 1.1 | 1.9 |
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Around 89% of Money Market Clerks live in capital cities, compared with the all jobs average of 62%.
New South Wales and Victoria have a large share of employment relative to their population size.
The regions with the largest share of workers are:
Source: Based on ABS Census 2016, Customised Report. Share of workers across Australian states, territories and regions, in this job compared to the all jobs average.
Worker profile
Age and gender
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The median age of Money Market Clerks is 37 years. This is similar to the all jobs average of 40 years.
A large share of workers are aged 25 to 34 years.
Females make up 67% of the workforce. This is 19 percentage points above the all jobs average of 48%.
Source: Based on ABS Census 2016, Customised Report. Age profile and gender share compared to the all jobs average.
Age Profile (% Share)
Age Bracket | Money Market Clerks | All Jobs Average |
---|---|---|
15-19 | 0.8 | 5.0 |
20-24 | 8.5 | 9.3 |
25-34 | 32.7 | 22.9 |
35-44 | 25.8 | 22.0 |
45-54 | 18.6 | 21.6 |
55-59 | 7.1 | 9.0 |
60-64 | 4.1 | 6.0 |
65 and Over | 2.4 | 4.2 |
Median Age | 37 | 40 |
Source: Based on ABS Census 2016, Customised Report. Age profile of workers in this job compared to the all jobs average.
Employment Pathways
Education, training and experience
Formal qualifications are not essential to work as a Money Market Clerk. Although some workers have a Vocational Education and Training (VET) qualification or university degree in banking, finance and accounting.
Visit
- Course Seeker to search and compare higher education courses.
- ComparED to compare undergraduate and postgraduate student experiences and outcomes.
- My Skills to compare Vocational Education and Training (VET) courses, providers and student outcomes.
- AAPathways website to explore Financial Services VET training pathways.
Highest Level of Education (% Share)
Type of Qualification | Money Market Clerks | All Jobs Average |
---|---|---|
Post Graduate/Graduate Diploma or Graduate Certificate | 14.6 | 10.1 |
Bachelor degree | 37.0 | 21.8 |
Advanced Diploma/Diploma | 12.4 | 11.6 |
Certificate III/IV | 7.5 | 21.1 |
Year 12 | 20.2 | 18.1 |
Year 11 | 3.0 | 4.8 |
Year 10 and below | 5.3 | 12.5 |
Source: ABS Census 2016, Customised Report. Highest qualification completed by workers in this job (in any field of study). Qualifications needed by new workers might be different from the qualifications of workers already in the job.
Skills and Knowledge
Employers look for Insurance, Money Market and Statistical Clerks who have a high attention to detail, provide good customer service and are reliable.
Skills
Skills can be improved through training or experience.
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55%
Active listeningListening to others, not interrupting, and asking good questions.
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54%
Reading comprehensionReading work related information.
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52%
SpeakingTalking to others.
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52%
Critical thinkingThinking about the pros and cons of different ways to solve a problem.
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50%
MathematicsUsing maths to solve problems.
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50%
WritingWriting things for co-workers or customers.
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45%
Time managementManaging your own and other peoples' time to get work done.
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45%
Serving othersLooking for ways to help people.
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43%
Active learningBeing able to use what you have learnt to solve problems now and again in the future.
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43%
MonitoringKeeping track of how well work is progressing so you can make changes or improvements.
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43%
Social perceptivenessUnderstanding why people react the way they do.
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41%
Complex problem solvingNoticing a problem and figuring out the best way to solve it.
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41%
Coordination with othersBeing adaptable and coordinating work with other people.
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41%
Judgment and decision makingFiguring out the pros and cons of different options and choosing the best one.
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39%
Learning strategiesFiguring out the best way to teach or learn something new.
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36%
NegotiationBringing people together and trying to sort out their differences.
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30%
Systems analysisFiguring out how a system should work and how changes in conditions, operations, and the environment will affect it.
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30%
Management of personnel resourcesMotivating, developing, and directing people as they work, and choosing the best people for the job.
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30%
PersuasionTalking people into changing their minds or their behaviour.
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29%
InstructingTeaching people how to do something.
Knowledge
These are important topics, subjects or knowledge areas.
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66%
Customer and personal serviceUnderstanding customer needs, providing good quality service, and measuring customer satisfaction.
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60%
English languageEnglish language including the meaning and spelling of words, rules of composition, and grammar.
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57%
Computers and electronicsCircuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
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56%
MathematicsArithmetic, algebra, geometry, calculus, or statistics.
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49%
Sales and marketingShowing, promoting, and selling including marketing strategy, product demonstration, sales techniques, and sales control systems.
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46%
ClericalWord processing, managing files and records, stenography and transcription, designing forms, and other office work.
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40%
Economics and accountingEconomics and accounting, the financial markets, banking and checking and reporting of financial data.
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38%
Law and governmentHow our laws and courts work. Government rules and regulations, and the political system.
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33%
Personnel and human resourcesRecruiting and training people, managing pay and other entitlements (like sick leave), and negotiating pay and conditions.
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32%
Administration and managementBusiness principles involved in strategic planning, leadership, and coordinating people and resources.
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32%
Communications and mediaMedia production, communication, and dissemination. Includes written, spoken, and visual media.
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29%
Education and trainingCurriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
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25%
TelecommunicationsTransmission, broadcasting, switching, control, and operation of telecommunications systems.
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24%
Foreign languageForeign (non-English) language including the meaning and spelling of words, rules of composition and grammar, and pronunciation.
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23%
Public safety and securityUse of equipment, rules and ideas to protect people, data, property, and institutions.
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21%
TransportationMoving people or goods by air, rail, sea, or road.
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19%
PsychologyHuman behaviour; differences in ability, personality, and interests; learning and motivation; research methods; assessing and treating disorders.
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17%
Production and processingRaw materials, production processes, quality control, costs, and ways of making and distributing goods.
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12%
GeographyDescribing land, sea, and air, including their physical characteristics, locations, how they work together, and the location of plant, animal, and human life.
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9%
Engineering and technologyUse engineering, science and technology to design and produce goods and services.
Abilities
Workers use these physical and mental abilities..
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57%
Oral expressionCommunicate by speaking.
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55%
Near visionSee details that are up-close (within a few feet).
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55%
Oral comprehensionListen to and understand what people say.
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54%
Written comprehensionRead and understand written information.
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54%
Deductive reasoningUse general rules to find answers or solve problems logically.
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54%
Speech recognitionIdentify and understand the speech of another person.
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54%
Working with numbersAdd, subtract, multiply, or divide.
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52%
Written expressionWrite in a way that people can understand.
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50%
Speech claritySpeak clearly so others can understand you.
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45%
Problem spottingNotice when something is wrong or is likely to go wrong, even if you can't solve the problem.
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45%
Inductive reasoningUse lots of detailed information to come up with answers or make general rules.
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43%
Sorting or orderingOrder or arrange things in a pattern or sequence (e.g., numbers, letters, words, pictures, mathematical operations).
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43%
CategorisingCome up with different ways of grouping things.
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43%
MathematicsChoose the right maths method or formula to solve a problem.
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43%
Selective attentionPay attention to something without being distracted.
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39%
Flexibility of closureSee a pattern (a figure, object, word, or sound) hidden in other distracting material.
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39%
MultitaskingDo two or more things at the same time.
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37%
Finger dexterityPut together small parts with your fingers.
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37%
Perceptual speedUse your eyes to quickly compare groups of letters, numbers, pictures, or other things.
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34%
BrainstormingCome up with a number of ideas about a topic, even if the ideas aren't very good.
Activities
These are kinds of activities workers regularly do in this job.
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69%
Building good relationshipsBuilding good working relationships and keeping them over time.
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63%
Researching and investigatingLooking for, getting and understanding different kinds of information.
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56%
Collecting and organising informationCompiling, coding, categorizing, calculating, tabulating, auditing, or checking information or data.
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54%
Communicating with the publicGiving information to the public, business or government by telephone, in writing, or in person.
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53%
Checking compliance with standardsDeciding whether events or processes comply with laws, regulations, or standards.
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53%
Keeping your knowledge up-to-dateKeeping up-to-date with technology and new ideas.
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50%
Looking for changes over timeComparing objects, actions, or events. Looking for differences between them or changes over time.
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49%
Planning and prioritising workDeciding on goals and putting together a detailed plan to get the work done.
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46%
Making decisions and solving problemsUsing information to work out the best solution and solve problems.
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46%
Making sense of information and ideasLooking at, working with, and understanding data or information.
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45%
Working with computersUsing computers to program, write software, set up functions, enter data, or process information.
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44%
Communicating within a teamGiving information to co-workers by telephone, in writing, or in person.
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43%
Explaining things to peopleHelping people to understand and use information.
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41%
Documenting or recording informationEntering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
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38%
Negotiating and resolving conflictsHandling complaints and disagreements, and negotiating with people.
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37%
Providing office supportDoing day-to-day office work such as filing and processing paperwork.
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37%
Estimating amounts, costs and resourcesWorking out sizes, distances, amounts, time, costs, resources, or materials needed for a task.
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35%
Monitoring people, processes and thingsChecking objects, actions, or events, and keeping an eye out for problems.
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32%
Influencing peopleConvincing people to buy something or to change their minds or actions.
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30%
Training and teaching othersUnderstanding the needs of others, developing training programs, and teaching or instructing.
Interests and demands
Learn about the daily activities, and physical and social demands faced by workers. Explore the values and work styles that workers rate as most important.
Interests
Interests are the style or type of work we prefer to do. All interest areas are shown below.
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100%
AdministrativeFollowing set procedures and routines. Working with numbers and details more than with ideas, usually following rules.
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76%
EnterprisingStarting up and carrying out projects. Leading people and making many decisions. Sometimes require risk taking and often deal with business.
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43%
HelpingWorking with people. Helping or providing service to others.
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38%
PracticalPractical, hands-on work. Often with plants and animals, or materials like wood, tools, and machinery.
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24%
AnalyticalIdeas and thinking. Searching for facts and figuring out problems in your head.
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14%
CreativeWorking with forms, designs and patterns. Often need self-expression and can be done without following rules.
Values
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76%
RelationshipsServe and work with others. Workers usually get along well with each other, do things to help other people, and are rarely pressured to do things that go against their sense of right and wrong.
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71%
SupportSupportive management that stands behind employees. Workers are treated fairly by their company, they are supported by management, and have supervisors who train them well.
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62%
IndependenceWork alone and make decisions. Workers are able to try out their own ideas, make decisions on their own, and work with little or no supervision.
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60%
Working conditionsJob security and good working conditions. There is usually a steady flow of interesting work, and the pay and conditions are generally good.
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57%
AchievementResults oriented. Workers are able to use their strongest abilities, giving them a feeling of accomplishment.
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48%
RecognitionAdvancement and the potential to lead. Workers are recognised for the work that they do, they may give directions and instructions to others, and they are looked up to in their company and their community.
Demands
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100%
Electronic mailUse electronic mail.
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100%
TelephoneTalk on the telephone.
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97%
Contact with peopleHave contact with people by telephone, face-to-face, or any other way.
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95%
Being exact or accurateBe very exact or highly accurate.
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93%
Face-to-face discussionsTalk with people face-to-face.
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92%
Time pressureWork to strict deadlines.
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91%
Indoors, heat controlledWork indoors with access to heating or cooling.
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90%
Repeating same tasksRepeat the same tasks or activities (e.g., key entry) over and over, without stopping.
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89%
Contact with the publicWork with customers or the public.
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87%
TeamworkWork with people in a group or team.
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82%
Spend time sittingSpend time sitting at work.
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82%
Unstructured workHave freedom to decide on tasks, priorities, and goals.
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78%
Frequent decision makingFrequently make decisions that impact other people.
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78%
Freedom to make decisionsHave freedom to make decision on your own.
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77%
Impact of decisionsMake decisions that have a large impact on other people.
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74%
Physically close to peopleWork physically close to other people.
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69%
Making repetitive motionsSpend time making repetitive motions.
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69%
Loud or uncomfortable soundsBe exposed to noises and sounds that are distracting or uncomfortable.
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66%
Automation of tasksDo tasks that are mostly automated.
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64%
Conflict situationsDeal with conflict or disagreements.
O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration.
The skills and importance ratings on this page are derived from the US Department of Labor O*NET Database Version 21.2, 43-4011.00 - Brokerage Clerks.
Links and downloads
Research and reports
The Skills Priority List provides a current labour market rating and a future demand rating for nearly 800 occupations nationally. Current labour market ratings are available for occupations at a state and territory level.
Downloads
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Occupation profiles data are available for download.
The Employment Projections are available for download.