Employer confidence remains strong despite a predicted drop in sentiment over the July-September 2011 quarter, with just under a third of employers set to grow staff numbers over the next three months.
The Hudson Australia Employment Expectations report shows that all industries have positive employment expectations for the next quarter, as they look to strengthen their workforce and position themselves for future growth.
Almost a third of Australian employers will increase staff numbers during the next quarter, with those employers in resources and construction better off than those in trade-based industries in the battle for the best talent.
“The job market is buoyant in certain sectors, which works in favour of employees, as employers face increased competition for the most talented candidates, forcing some companies to raise salaries and offer more appealing contract opportunities in order to attract and retain the most skilled employees,” Hudson ANZ CEO Mark Steyn said.
Resources remains the most confident industry nationally, with 59 percent of employers planning to increase staff over the next quarter. The industry is set to spend $8.3 billion over the next financial year on infrastructure and equipment, worsening the situation for the already skill-short sector.
“Australian businesses need to ensure they have robust selection procedures and talent management programmes in place to stand out from their competitors and attract and retain the most talented candidates,” Steyn said.
The report also highlights the positive impact the mining boom, soaring commodity prices and growth in the investment industry are having on employment in utilities, transport & business services. Industries that rely on foreign consumption are faring well and seeing increasing employer confidence.
The persistently high Australian dollar and subdued consumer sentiment is leaving trade-exposed industries to face tougher conditions, however.