Looking back on 2011

By: Oncore Services  05-Apr-2012

The domino-effect of the folding European economies created unrelenting pressure on global markets as one nation after another announced impending collapse. 

Concern over the future of the Euro is still at the forefront for most economists, although we can do little more than watch as helpless bystanders and hope for a positive outcome.

The wrath of Mother Nature also took its toll on Australia’s business community last year, with severe flooding in Brisbane and parts of Victoria, followed weeks later by Cyclone Yaso hitting the Queensland coast.

Employment rates, once seasonally adjusted, offered little change, which is good news considering the huge upsurge in new jobs created in 2010. If we can maintain these figures through into 2012, it will serve us well. The economy continues to grow, which makes Australia a rarity in the developed world. However, our dollar remains resolutely high, which creates both opportunity and challenges.

There are still plenty of uncertainties looking ahead but despite these challenges, we have forecast positive growth for OnCore this year, as we strengthen our core services and build on a strong foundation in Australia, with the view to taking our services into other parts of the world.

Concern over the future of the Euro is still at the forefront for most economists, although we can do little more than watch as helpless bystanders and hope for a positive outcome.

The wrath of Mother Nature also took its toll on Australia’s business community last year, with severe flooding in Brisbane and parts of Victoria, followed weeks later by Cyclone Yaso hitting the Queensland coast.

Employment rates, once seasonally adjusted, offered little change, which is good news considering the huge upsurge in new jobs created in 2010. If we can maintain these figures through into 2012, it will serve us well. The economy continues to grow, which makes Australia a rarity in the developed world. However, our dollar remains resolutely high, which creates both opportunity and challenges.

There are still plenty of uncertainties looking ahead but despite these challenges, we have forecast positive growth for OnCore this year, as we strengthen our core services and build on a strong foundation in Australia, with the view to taking our services into other parts of the world.


Other news and updates from Oncore Services

05-Apr-2012

Proposed changes to LAFHA legislation

The consultation paper outlines the existing treatment of the living away from home benefits and implementation issues of the reform, including whether there is a need for special transitional arrangements to ensure there are no unintended consequences with the new arrangements.


05-Apr-2012

Renewed optimism in UK for 2012

However the new year brings a new quarter and from Oncore’s perspective, we have seen consultants picking up contracts with relative ease compared to last year, especially in the IT and Finance markets. There's added optimism for a promising start to the year for the UK job market with the transport secretary approving plans for the High Speed Two rail network.


05-Apr-2012

Economic forecast for 2012 favours contractors

Despite 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.


05-Apr-2012

Continued demand for IT contractors

Candle ICT executive general manager Linda Trevor said the contracting market had increased by 8 per cent in the last quarter and predicted it would steadily climb during the next six months. Recruiters and technology chiefs are predicting conservative hiring for at least the next six months as nervousness over softer retail sales and the global economy kicks in.