The current economic climate, marred with uncertainty and volatility, is
having a positive impact on the contracting market as businesses are
recognising the risk associated with hiring permanent staff.
The latest Employment Expectations Report from Hudson's show
Australia's employers remain positive about the economy over the next
three months, with more than half planning on maintaining staffing
numbers of the coming quarter. The report is based on a survey of more
than 4000 employers across Australia in December.
The number of employers planning to decrease permanent staff in the
first quarter of 2012 remained unchanged over the quarter at 10.1%.
the current international uncertainty, and changing conditions at home,
employment expectations in Australia on the whole remain positive,
particularly in the resources, transport and construction and
engineering sectors. NSW has bucked the state wide trend, with a
positive uplift in expectations, driven mostly by the transport and
manufacturing sectors," says Hudson Asia Pacific CFO Mark Leigh.
“Furthermore, we expect high demand in certain roles, such as
engineering, geology, HSE and operational roles as well as for customer
facing IT specialists.
“Now more than ever, in a turbulent
economic climate, the cost of a bad hire is crippling. It is essential
that employers have a robust process in place to rigorously assess and
secure the best people for their businesses.”
This environment is having a positive spin-off for contracting sectors such as mining, IT and finance.
fact, the mining boom state of Western Australia continues to lead the
nation's economic growth and is set to maintain its course for most of
this year. WA's economic output is now 28 per cent higher than its
10-year average, the latest quarterly State of the States report
compiled by CommSec shows.
"Western Australia has consolidated its position as the nation's strongest economy," says CommSec chief economist Craig James.
state is also leading its eastern state counterparts in terms of
construction activity, business equipment spending, while its 4.3 per
cent jobless rate is the lowest next to the ACT on 3.8 per cent.
But Queensland is on its way to catching up, underpinned by a
strengthening resources sector and building reconstruction, according to