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Australia Hiring Expectations - Quarter 1, 2014

EMPLOYMENT EXPECTATIONS LIFT FOR FIRST TIME IN 3.5 YEARS

Dean Davidson, EGM, Hudson Recruitment Australia

“We are seeing cautious optimism amongst employers, which is reflected in the lift in employment expectations. However, organisations in Australia are continuing to focus on business transformation and reskilling their workforces to operate most effectively in today’s tougher economic environment and this is driving demand for talent.”

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Key Findings

  • Positive hiring intentions, at 23.4% have increased 2.5pp since Q4. This is the first sequential improvement in positive hiring intentions since Q3 2010
  • The percentage of employers maintaining their workforce has remained steady at 65.4%
  • Employers intending to reduce permanent staffing levels have fallen to 11.2%. This is lowest level of employers expressing an intention to decrease their workforce since Q2 2012


Key Findings

  • For the second quarter running, SA has the highest proportion of employers expecting to increase headcount, followed by QLD and WA
  • 20.7% of employers in ACT are looking to decrease headcount in Q1 2014, up 6.7pp vs last quarter
  • The majority of employers surveyed in NSW are looking to keep headcount steady at 67.8%
  • QLD has seen an uplift in positive hiring intentions, up 7.3pp

KEY FINDINGS

  • Positive hiring intentions, at 23.4% have increased 2.5pp since Q4. This is the first sequential improvement in positive hiring intentions since Q3 2010
  • Employers intending to reduce permanent staffing levels have fallen to 11.2%. This is lowest level of employers expressing an intention to decrease their workforce since Q2 2012
  • The Professional Services sector has the highest proportion of employers expecting to increase headcount at 37.7%, followed by Information Technology and Non Profit
  • Positive hiring intentions for the Financial Services/Insurance sector has jumped 8.8pp to 25.6% with only 5.7% looking to decrease headcount in Q1 2014
  • For the second quarter running, SA has the highest proportion of employers expecting to increase headcount, followed by QLD and WA
  • QLD has seen an uplift in positive hiring intentions, up 7.3pp
  • Positive contracting hiring intentions have increased up by 1.4pp to 18.4%
  • The ICT profession has the highest proportion of employers expecting to increase headcount at 27.4%, up 3.3pp, followed by Banking & Financial Services and Public Sector

Click on the graphs to view key findings
Click here to download high resolution versions of the charts



Key Findings

  • The Professional Services sector has the highest proportion of employers expecting to increase headcount at 37.7%, followed by Information Technology and Non Profit
  • Positive hiring intentions for the Financial Services/Insurance sector has jumped 8.8pp to 25.6% with only 5.7% looking to decrease headcount in Q1 2014
  • Government is the only sector reporting a rise in intentions to decrease staff, up 3.7pp to 15.6%


Key Findings

  • Positive contracting hiring intentions have increased by 1.4pp to 18.4%
  • The ICT profession has the highest proportion of employers expecting to increase headcount at 27.4%, up 3.3pp, followed by Banking & Financial Services and Public Sector
  • An additional 14.0% of employers in Technical & Engineering are keeping headcount steady in Q1 2014
  • Positive hiring intentions in Office Support have dropped slightly by 2.6pp to 19.6% with 70.7% keeping contacting headcount steady
  • Number of employers in Sales, Marketing & Communications profession, who are looking to decrease headcount in Q1 2014 have dropped by 5.7pp to a low 7.1%

COMMENTARY FROM HUDSON

  • The increase in positive hiring intentions reflect a broad overall increase in business confidence, positive hiring intentions increased by 2.5pp to 23.4%, first lift since Q3 2010. However, business conditions have remained challenging.

    There has been an increase in positive hiring intentions in every region across Australia except NSW and ACT with the biggest increases in VIC and QLD. Nationally, Professional Services has the highest positive hiring intention of all industries, followed by Information Technology.

    Organisations in Australia continue to focus on business transformation and getting the right skills in place for the environment.

    Technology innovation, which helps businesses improve their consumer engagement models, is key to business transformation so it’s no surprise that IT is a profession that regularly tops our results tables. Project managers, business architects, developers of web-based technologies or have specialist security skills are in high demand.

    The Queensland Government is also undergoing significant transformation and is focusing on building those necessary project manager and program director competencies, and solid leadership capabilities, into their ranks.

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About The Hudson Report

The Hudson Report is an established employment trend report, based on in-depth and nationwide research.

Released every quarter, this report highlights key hiring trends gathered from interviews with 2,600 employers in Australia.

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