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Australia Hiring Expectations - Quarter 3, 2014

EMPLOYERS SIT ON FENCE FOLLOWING BUDGET, INVEST IN ROLES THAT DELIVER SAVINGS

Dean Davidson, EGM, Hudson Recruitment Australia

“Six weeks following the budget, employers are sitting tight awaiting the reforms to pass through the Senate. Despite this uncertainty, the outlook for some professions is particularly optimistic and we are seeing increasing demand for high quality talent with specific skills. Financial Services, Supply Chain & Procurement and Technical & Engineering professionals are highly sought after and are key in helping organisations grow scale or deliver efficiencies.”

Click on the graphs to view key findings


Key Findings

  • Positive hiring intentions decreased in Q3 by 2.1pp to 21.2%
  • More employers are looking to keep headcount steady at 66.8% (up 2.3pp), with 12% planning to cut headcount


Key Findings

  • The Professional Services sector remains at the top of the leader board with the highest proportion of employers expecting to increase headcount at 32.8% (despite the slight dip from Q2, down 8.2pp to 32.8%), followed by Information Technology
  • Less employers in the Resources and Mining sector are looking to cut staff in Q3, down 6.6pp to 14.3%, while an additional 2.9pp are looking to increase existing headcount, making this the only sector with positive hiring intentions on the rise this quarter
  • The Non Profit, Healthcare (excluding Government), Construction/Property/Engineering, Manufacturing and Education sectors have the highest number of employers looking to keep headcount steady in Q3
  • Government has the highest number of employers looking to decrease headcount, up 5.8pp to 20.4%

KEY FINDINGS

  • More employers are looking to keep headcount steady at 66.8% (up 2.3pp), with 12% planning to cut headcount
  • The Professional Services sector remains at the top of the leader board with the highest proportion of employers expecting to increase headcount at 32.8% (despite the slight dip from Q2, down 8.2pp to 32.8%), followed by Information Technology
  • Less employers in the Resources and Mining sector are looking to cut staff in Q3, down 6.6pp to 14.3%, while an additional 2.9pp are looking to increase existing headcount, making this the only sector with positive hiring intentions on the rise this quarter
  • The number of employers looking to expand their teams in Queensland is up 2.6pp to 25.1%, placing the sunshine state at the top of the leader board
  • Positive hiring intentions in New South Wales dropped this quarter by 5.4pp, placing it in second position behind Queensland, with the majority looking to keep headcount steady (67.1%)
  • Nationally, positive contracting hiring intentions have increased 0.7pp to 19.8%, with 68.1% of employers intending to keep contracting staffing levels steady
Click on the graphs to view key findings


Key Findings

  • The number of employers looking to expand their teams in Queensland is up 2.6pp to 25.1%, placing the sunshine state at the top of the leader board
  • Positive hiring intentions in New South Wales dropped this quarter by 5.4pp, placing it in second position behind Queensland, with the majority looking to keep headcount steady (67.1%)
  • The majority of employers in South Australia are keeping headcount steady (64.5%) with one in five increasing staffing levels in Q3
  • Positive hiring intentions in Western Australia have dropped 3.1pp to 17.1%, with the majority (73.8%) keeping intending to keep headcount steady
  • The ACT saw a slight decrease in positive hiring intentions, down 2.1pp to 13.7%, coupled with a significant increase in the number of employers looking to decrease staffing levels, up 15.8pp to 32.1%


Key Findings

  • Nationally, positive contracting hiring intentions have increased 0.7pp to 19.8%, with 68.1% of employers intending to keep contracting staffing levels steady
  • ICT remains at the top of all professions here, despite a slight drop in positive hiring intentions, down 3.1pp to 26.4%
  • Contracting positive hiring intentions for the Financial Services and Technical & Engineering professions both increased this quarter, up 10.7pp and 9pp respectively
  • The Public Sector profession has the highest number of employers, 18.2%, looking to decrease headcount in Q3

COMMENTARY FROM HUDSON

  • This quarter’s Hudson Report: Employment Trends shows that intentions to hire among Australian organisations have dropped 2.1pp to 21.2%, while intentions to maintain current headcounts have risen 2.3pp to 66.8% – the highest level recorded by the Hudson Report. 12% of organisations expect to decrease headcount, down 0.1pp.

    Intentions to maintain headcount are the highest recorded by the Hudson Report in Queensland (64.2%), Victoria (69.5%) and Western Australia (73.8%), and the second highest recorded in NSW (67.1%). The ACT is the only region demonstrating a different outlook, where there has been a 15.8pp increase in expectations to reduce headcount.

    In this kind of environment it’s the ability to find the people who will make fundamental differences to a business that should be the key recruiting focus. There’s a difference between people and talent – the challenge is finding those individuals with the right skills and capabilities to deliver the results businesses need today.

    Organisations achieve improved business results when they hire high potential individuals versus average performers, yet we’re still not seeing that hiring focus from Australian businesses. Here in Australia organisations continue to hire looking for experience, but are not paying enough attention to getting the right cultural fit, alignment of motivational drivers, or ensuring that their people have the competencies and capabilities needed to perform in and beyond the role.



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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 3,215 employers in Australia.

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