Employer confidence resurfaces but experts counsel caution

by 08 Jul 2009

Despite increased optimism amongst Australian employers, output is declining in most business sectors and business investment is falling sharply.

In light of these findings HR experts have urged employers not to become complacent. Although confidence among Australian employ ers has risen for the first time after five consecutive quarters of falling sentiment, the employment landscape remains mutable and the result should be viewed as a stabilisation in employer confidence rather than assuming the start of a consistent upward trend.

“Australia may yet face further periods of negative economic growth,” said Mark Steyn, CEO Hudson A/NZ. “The rate of unemploy ment, currently at 5.7 per cent, is predicted by economists and gov ernment alike to rise throughout the remainder of 2009. This is the time for employers to take a long-term view of the people in their business. A ‘right people’ strategy, founded on the basics of sound workforce planning and talent management, is essential.”

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