Australian businesses are turning to flexible employment strategies to beat the downturn, with the ABS May Labour Force figures pointing to an increase in part time jobs.
In May, part-time employment increased by 24,500 to 3,150,000, while full-time employment decreased by 26,200 to 7,643,100.
Deb Loveridge, CEO of recruitment and HR services company Randstad (Asia Pacific), says, it is encouraging to see that both employees and employers are embracing more flexible employment strategies.
“With May’s employment figures reflecting a constricting job market, it is important businesses carefully examine their HR strategies and implement tactics which help maximise the available talent pool.”
Loveridge is encouraging businesses to “think laterally” about cost-cutting measures, by considering a reduction in staff hours before they turn to redundancy.
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