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Australia Hiring Expectations - Quarter 4, 2014

EMPLOYERS OPTIMISTIC AS INTENTIONS TO HIRE REACH 18 MONTH HIGH

Dean Davidson, EGM, Hudson Recruitment Australia

“Hiring intentions are all about sentiment and employer sentiment has improved markedly. Over recent weeks, we have seen improvements in a number of indicators of employment conditions1 and our research shows significantly more employers are looking to hire than to fire in the final three months of this year.”

Click on the graphs to view key findings


Key Findings

  • Positive hiring intentions have increased 2.7pp to 23.9% in Q4
  • 65.3% of employers surveyed are keeping headcount steady, down 1.5pp from Q3
  • Less employers are looking to cut headcount (10.8%), down 1.2pp from Q3


Key Findings

  • Positive hiring intentions across the majority of states are on the rise in Q4
  • Queensland continues to be the state with the largest number of employers looking to increase headcount in Q4, up 2.7pp to 27.8%
  • Positive hiring intentions in New South Wales have dropped this quarter by 0.6pp to 21.9%
  • 1 in 5 are looking to add headcount in Victoria, followed by Western Australia where 24.7% of hiring managers are looking to increase headcount in Q4
  • In South Australia, the majority of employers are keeping headcount steady at 65.1% with 12.1% looking to reduce headcount
  • Positive hiring intentions in Western Australia have seen the largest uplift across all states from Q3, up 7.6pp
  • In the ACT, fewer employers are looking to reduce headcount in Q4 (20.2%), down from 32.1%

KEY FINDINGS

  • Positive hiring intentions have increased 2.7pp to 23.9% in Q4 – the highest level since Q2 2013
  • 65.3% of employers surveyed are keeping headcount steady, down 1.5pp from Q3
  • The Legal profession has the highest number of employers looking to increase headcount in Q4, up by a significant 20.7pp to 44.8%
  • Financial Services and the Public Sector are the only professions where positive hiring intentions have dropped in Q4 by 9.8pp and 0.8pp respectively
  • Queensland continues to be the state with the largest number of employers looking to increase headcount in Q4, up 2.7pp to 27.8%
  • Positive hiring intentions in New South Wales have dropped this quarter by 0.6pp to 21.9%
  • 1 in 5 are looking to add headcount in Victoria, followed by Western Australia where 24.7% of hiring managers are looking to increase headcount in Q4
  • Nationally positive contracting hiring intentions have increased by 2.2pp to 22% with 66.9% of employers keeping their contracting staffing levels steady
  • The Office Support profession has seen the biggest uplift in positive hiring intentions, up 7.6pp to 22.8%
  • ICT remains the top hiring profession, with positive hiring intentions up 2.5pp to 28.9%
Click on the graphs to view key findings


Key Findings

  • The Legal profession has the highest number of employers looking to increase headcount in Q4, up by a significant 20.7pp to 44.8%
  • Financial Services and the Public Sector are the only professions where positive hiring intentions have dropped in Q4 by 9.8pp and 0.8pp respectively
  • More managers are increasing their Office Support headcount in Q4, up 5.8pp to 21.7%
  • The majority of employers recruiting Human Resources professionals, are looking to keep headcount steady in Q4 (56.9%) with 1 in 4 looking to increase headcount


Key Findings

  • Nationally positive contracting hiring intentions have increased by 2.2pp to 22% with 66.9% of employers keeping their contracting staffing levels steady
  • The Office Support profession has seen the biggest uplift in positive hiring intentions, up 7.6pp to 22.8%
  • ICT remains the top hiring profession, with positive hiring intentions up 2.5pp to 28.9%
  • The demand for Sales, Marketing & Communication professionals in the contracting space is also on the rise, up 6pp to 21.6%
  • The Technical & Engineering profession has the highest numbers of employers who are looking to reduce their contracting staff at 20.5%
  • The majority of Accounting & Finance hiring managers are looking to keep their contracting base steady in Q4 at 75.6%

COMMENTARY FROM HUDSON

  • This quarter’s report shows that the number of employers looking to increase headcount in the final quarter of 2014 rose to 23.9% - the highest level since Q2 2013.

    Across 10 skilled professions in the survey, the legal profession was a clear winner, with the number of employers looking to boost permanent headcount of legal professionals soaring over the last three months by 20.7pp to 44.8%. We are seeing a continued increase in the need for front-end transactional lawyers within private practice, especially those with 3-5 years experience. Firms are now playing catch-up after many years of downsizing.

    Hiring expectations for Sales, Marketing & Communication professionals is also strong. Boosting the digital bench-strength of marketing teams is a key focus for many employers over the coming months.

    The report also found that 60% of hiring managers believe there is a talent shortage, with nearly 90% saying that sourcing the right talent is the most challenging aspect of the recruitment process. During the slower growth of the past 18 months, organisations may have felt comfortable waiting to fill current – and potential – open positions. But the reality is that organisations are already struggling to identify the right talent and given positive hiring expectations for the fourth quarter this challenge is only going to increase over the coming months and into 2015.

    To stay ahead of the competition, organisations need to establish a clear understanding of the skills and other attributes needed for their important positions, continually manage a talent pipeline and ensure that they are delivering a compelling employee value proposition.


1 ANZ Job Advertisement Series, 8 September 2014, SEEK New Job Ads, 11 September 2014 http://www.media.anz.com/phoenix.zhtml?c=248677&p=irol-jobad&nyo=0
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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 3,830 employers in Australia.

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Hudson (NASDAQ: HSON) offers highly specialised professional recruitment, recruitment outsourcing and talent management solutions. Clients partnering with Hudson achieve greater organisational performance by attracting, selecting, engaging and developing the best talent for their business. With a global presence of more than 2,000 employees operating in approximately 20 countries, Hudson delivers great people and great performance.