WORK­OUT Hir­ing con­fi­dence takes a small hit

The Weekend Australian - Travel - - Career -

RE­FLECT­ING the rough patch that world economies are go­ing through, Aus­tralian em­ploy­ers have shown a lower level of con­fi­dence.

The latest Hud­son sur­vey of 7195 hir­ing man­agers in Aus­tralia shows about 38 per cent wish to re­cruit more staff dur­ing the sec­ond quar­ter. This is about 5 per cent less than dur­ing the first quar­ter.

But it is not a mat­ter for con­cern, says Gary Laz­zarotto, man­ag­ing di­rec­tor of Hud­son Aus­tralia/New Zealand.

The drop rep­re­sents a cor­rec­tion in the ris­ing op­ti­mism shown dur­ing the past two years, he says.

‘‘ There has been an ex­pec­ta­tion for some time that fac­tors such as on­go­ing in­ter­est rate rises, tur­bu­lence in global fi­nan­cial mar­kets, in­creas­ing credit costs and con­sid­er­able share mar­ket volatil­ity could im­pact em­ployer con­fi­dence,’’ Laz­zarotto says.

West­ern Aus­tralia recorded the high­est level of em­ployer con­fi­dence, with 48 per cent in­tend­ing to in­crease staff lev­els. South Aus­tralia was close be­hind, with 47 per cent. ACT sank to the low­est level in four years, to 25 per cent.

Among the in­dus­try sec­tors, prop­erty and en­gi­neer­ing con­tin­ued to show an up­trend, with 57 per cent of em­ploy­ers wish­ing to in­crease hir­ing ac­tiv­ity.

‘‘ The solid re­sult con­struc­tion, prop­erty and en­gi­neer­ing sec­tor is be­ing driven by the strong re­sults for the sec­tor in NSW and Vic­to­ria, with both states see­ing high lev­els of ac­tiv­ity in pub­lic in­fra­struc­ture projects, in­clud­ing roads, hos­pi­tals and en­ergy works,’’ Laz­zarotto says.

‘‘ The de­mand for en­gi­neers in South Aus­tralia is also im­pact­ing this sec­tor, due to the es­ca­la­tion of ma­jor lo­cal re­source projects and a con­tin­u­ing in­crease in ex­plo­ration in­cen­tives for min­ing com­pa­nies.’’

The fi­nan­cial ser­vices sec­tor showed the largest de­cline in con­fi­dence, which could be at­trib­uted to the global loss of con­fi­dence in the sec­tor, ac­cord­ing to Laz­zarotto.

‘‘ This quar­ter’s re­sults are a re­al­ity check for em­ploy­ers and job seek­ers. With the com­bi­na­tion of a tight job mar­ket and cur­rent eco­nomic sit­u­a­tion, there is lit­tle sur­prise that em­ploy­ers have low­ered their ex­pec­ta­tions for in­creas­ing head­count,’’ he says. ‘‘ Smart em­ploy­ers will max­imise their cur­rent tal­ent by con­tin­u­ing to in­vest in their peo­ple.’’

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