Recruitment and HR services company Randstad is urging Australian employers to keep staff on board, as the ABS June Labour Force statistics reveal unemployment has risen to 5.8 percent.
While the ABS figures reflect the growing impact of the financial downturn on businesses in Australia, there is hope for a recovery, as the Westpac-Melbourne Institute consumer sentiment index for June surged by 9.3 percent.
Deb Loveridge, CEO of leading recruitment and HR services company Randstad (Asia Pacific) has urged businesses not to remove staff in haste in an effort to cut costs.
“If cost reductions need to be made businesses need to be smart about where they make any cuts. Cutting costs doesn’t just mean retrenching staff. It can mean looking at flexible work options, changes to the working week or giving employees the chance to travel with a view to returning in a few months time.”
Loveridge believes that by being flexible, employers will be well placed for a recovery.
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Unemployment jumps to 5.8 percent