POSITIVE HIRING INTENTIONS SHOW IT’S NOT ALL DOOM AND GLOOM
Dean Davidson, EGM, Hudson Recruitment Australia
“While the official unemployment rate has crept up recently and economic conditions remain challenging, our research reveals a transition in the labour markets, with weaker employment conditions in mining and resourcing offset by more positive conditions in industries such as professional services, IT and financial services.”
Key Findings and Commentary
Permanent Hiring Expectations: Australia
- Hiring sentiment remains strong in Q2 with a net 17.1% of employers looking to increase permanent staffing levels. These results show a slight dip from 18.7% in Q1 but are well up from just 11.2% one year ago.
- While there has been a fall in sentiment in some locations, the findings show that net hiring intentions are still positive across all states.
- Employers in the professional and financial services sectors are hungry for the right talent to support structural transformation projects and underpin future business growth.
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Permanent Hiring Expectations: Australia by State
- Employers in Victoria are leading the positive hiring intentions for permanent staff, with a net 21.9% looking to increase headcount in Q2 2015, up 2.2 percentage points (pp) from Q1 and a significant 12.2pp from the same time last year.
- In NSW, a net 19.7% of employers intend to increase staffing levels. NSW remains strong, largely as a result of growth in property and construction as well as ongoing change and transformation projects in financial services and legal, which continue to perform strongly.
- The challenge for traditionally resource driven states is clear, with Queensland and South Australia showing the weakest hiring intentions. A net 12.2% of employers are looking to hire in Q2 2015 in Queensland and 10.3% in South Australia, quarterly declines of 8.2pp and 9.1pp respectively.
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Permanent Hiring Expectations: Australia by Profession
- The Legal profession remains a dominant force, with almost one in three employers (a net 30.9%) looking to increase their legal headcount.
- Professionals in Sales, Marketing and Communications are also in strong demand, with a net 26.6% of employers looking to increase permanent staffing numbers in these areas.
- The Financial Services profession is also showing an increase in demand with a net 22.9% of employers expecting to increase headcount. Roles in demand include those related to regulation, risk and compliance as organisations look to shore up their risk frameworks and address regulatory change. Demand continues for roles relating to analytics as businesses seek to drive better insights from their business and understand where they can drive efficiencies.
- A net 16.9% of employers are looking to increase their ICT headcount. Roles in demand are around digital transformation and enhancements specifically around improving the customer experience and evolving and tailoring their online service offerings.
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Contracting Hiring Expectations: Australia by Profession
- The ICT profession continued to lead contracting hiring intentions, with a net 22.1% of employers looking to hire. ICT remains the leading source of contracting employment in Australia and an increasingly important component of business growth.
- A net 13.5% of employers intend to increase their Office Support contracting headcount. We are seeing an increase in Office Support roles where there are restructures in place and insufficient in-house capacity to take on additional workloads.
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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 3,280 employers in Australia.