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“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.”
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.
For more information or to organise an interview
Contact Kate Miller
T: +61 2 8248 3753
Get the newest updates on The Hudson Report: Employment Trends
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.
Click to view the Hudson Report for other APAC countries
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.