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Outlook> 2004 > May
Strong
jobs growth in all areas
Skilled workers in
big demand
ALL STATES and Territories in
Australia are expecting strong employment growth in the
coming 12 months, with Queensland leading the pack at a
positive 33.7 per cent.
Both Queensland, Australia's fastest-growing state, and
New South Wales, the most populous, showed employment
growth at the highest level since 2001.
In both States the strongest positive outlook was for
Professional services, followed by IT in New South Wales,
according to April's quarterly Hudson Report on
Employment Expectations.
A recovering global economy and improved business
sentiment across the board will drive employment
opportunities in Australia over the June quarter.
Nationally, 35.2 per cent of employers intend to increase
staff numbers, compared with 7.9 per cent who expect to
reduce staff numbers over the same period, resulting in a
positive net effect of 27.3 per cent - up 1.5 per cent on
the previous quarter.
The Report recorded a particularly positive outlook in
sectors highly exposed to international markets, such as
Professional Services, Information Technology, Utilities
and Telecommunications.
The Employment Expectations results published by Hudson,
a world-wide leader in the provision of recruitment and
human resource consulting services, are positive for the
third consecutive quarter suggesting that market
stability may have finally returned, following four
straight quarterly declines.
CEO of Hudson Australasia, Anne Hatton, said, "The
global economic recovery is beginning to gain traction in
the domestic market, particularly in the sectors most
influenced by international circumstances.
"Furthermore, there has been a jump of some 12
percentage points in employment expectations in the
Advertising/Marketing/Media sector since the last
quarter, indicating that businesses are starting to
promote themselves once again - a real sign of
confidence."
Queensland, already the fastest growing state in
Australia in terms of population, jumped ahead of
Canberra as the state with the most optimistic outlook
for job opportunities in the coming quarter.
New South Wales recorded the biggest single jump of the
regions surveyed, up 5.4 per cent to +27.0 per cent, a
three year high for employment optimism in that State.
Each of the major industry sectors surveyed are expecting
to increase staff levels in the June 2004 quarter, with
eight of the 16 sectors returning higher net effects than
the national employment expectations average of +27.3 per
cent.
Professional Services continues to boom, up 3.2 per cent
on the previous quarter to +43.2 per cent, followed by
Information Technology (+38.8 per cent), Utilities (+35.7
per cent) and Telecommunications (+35.1 per cent).
Mrs Hatton said that the increased demand for knowledge
workers, at a time when unemployment levels remain low,
could result in growing pressure on wages and a greater
need than ever for employers to ensure they have
strategies in place to retain their best people.
"The demand for skilled workers is showing no signs
of abating, so the advantage is still in the hands of the
employee and a 'War for Talent' continues."
The most exciting outlook is in the
Advertising/Marketing/Media sector, with a massive 12.5
per cent increase to a net positive effect of 31.7 per
cent, which indicates that companies are increasingly
prepared to promote themselves and spend the dollars
required to do so.
As forecast in the previous Hudson Report, the
Construction/Property/Engineering sector has taken the
biggest tumble, down 7.9 per cent, as the domestic
residential market continues to slow.
Despite ongoing talk in the media about the global demand
for Australian resources, employment expectations in that
sector have also fallen (down 7.4 per cent) for the June
2004 quarter, suggesting that this sector might be close
to full capacity.
Tourism & Hospitality has also fallen, down 5.2 per
cent, which Hatton attributes to the impact of further
trouble in the Middle East and the threat of more
disruption from terrorist groups, as recently evidenced
by the Madrid bombings.
There was a net fall in Contract and Temporary employment
for the March 2004 quarter, when compared with the
previous quarter.
Although 23.8 per cent of employers surveyed by Hudson
indicated that they increased their contracting/temporary
workforce over the past three months, 12.0 per cent said
they reduced their levels, and 64.2 per cent indicated
that their contracting/temporary workforce remained
steady. The resulting net effect was +11.8 per cent, down
3.2 per cent on the previous quarter surveyed.
Interestingly the Construction/Property/Engineering
sector was up 7.3 per cent, to +21.4 per cent, which is
surprising given the significant decline in this sector
in permanent employment expectations for the coming
quarter.
"This may be the result of employers in the building
sector laying off their permanent people as the market
has softened. These workers are turning to contracting
work as a result," Hatton added.
All states and territories recorded a fall in their
contracting/temporary workforce for the March 2004
quarter, with Queensland returning the highest net
positive result (+18.3) and the Canberra the lowest (+7.1
per cent).
The Hudson Report
l
Based on nation-wide research, The Hudson Report uncovers
and analyses the hiring expectations of Australian
employers over the coming quarter, and provides insights
into a range of topical human resource issues impacting
business.
Results from the Q2 2004 Hudson Report were gathered
through 6,972 surveys conducted by Hudson recruitment and
consulting professionals. The Employment Expectations
component of the Hudson Report was previously known as
the Job Index Survey. Copies of the Hudson Report are
available at www.hudson.com
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