Time to 'manufacture' talent in booming industries: Hiring intentions survey

14/06/2011 | 0 comments
Hiring intentions are expected to reduce over the next three months, according to a survey of over 2,200 Australian employers.

The Manpower Employment Outlook Survey revealed a 3% drop in the number of companies expecting to increase hiring, along with a 9% increase in the number of companies planning to decrease hiring.
 
According to Lincoln Crawley, managing director of ManpowerGroup Australia & New Zealand, the national employment market is being held back by the nervousness of several Australian industries.
 
“The confidence seen in the early stages of the recovery have reverted to uneasiness for employers in some sectors, including retail, public administration and manufacturing,” said Crawley.
 
“Employers in these sectors have a heavy burden right now. There is a lot of pressure on government coffers, and the tightening in public service spending has had a big impact on hiring intentions for Public Administration.”
 
The findings are in line with last week’s job ads survey, which reported a two-year low in the number of job advertisements posted in May.
 
However, employers in the mining & construction; services; transport; and finance, insurance & real estate sectors all reported positive hiring intentions.
 
“What we’re seeing, particularly in mining & construction, is a consistent and strong demand for workers. And while there is little change from quarter to quarter in these sectors, we believe that employers may not be as bullish in announcing their hiring intentions because they are having enough trouble filling the positions that are already available in the market,” Crawley said.
 
Crawley indicated the talent skills shortage as a key problem, highlighting the need to focus on up-skilling the workforce.
 
“Despite the unemployment rate, we still have an oversupply of available workers and an undersupply of qualified talent. We need to look at ways to ‘manufacture’ the talent needed in the booming industries from the pool of workers coming out of the sluggish ones.”

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