Australia's two-speed economy has driven huge shifts in hiring expectations as mining demand and record trade agreements continue to benefit the resources, professional services and IT industries, according to Hudson's latest Employment Expectations report.
The report was based on the survey results of nearly 4,000 employers across Australia in August of this year, and found that employer sentiment (the intention to hire) dropped 5.5% from last year.
Nationally, employer sentiment is now at its lowest level since the October-to-December 2009 quarter.
Mark Steyn, Hudson Australia/New Zealand CEO, said that despite weak employer sentiment in some sectors, industries involving resources, professional services and IT remain strong.
Steyn said it was “unsurprising” that confidence in trade-based industries slipped over the quarter, and pointed to the sharp falls in global markets and the concerns over the economic situations in Europe and the US as reasons behind the dip.
The survey results indicated that the current economic climate creates particular challenges for hiring managers because passive job seekers are less likely to contemplate a career move.
The report revealed that Western Australia continues to lead national employer sentiment, having risen 7% to reach 57% over the last quarter. Meanwhile, Victoria was Australia's least confident state; employer sentiment there slipped by 4.6% to net 20.4% over the June quarter.
Steyn said in the current hiring environment, it is imperative for employers to clearly communicate the benefits of an organisation beyond salary. He said selling the positives of an organisation to both passive and active job seekers will be pivotal to maintaining a strong talent base for the future.
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