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Australia’s employment market is expected to stabilise but companies remain cautious in adding new staff, a new survey of 3,000 employers has found. The latest employment report by recruiter Hudson found that 63.2% of employers intend to maintain their current headcount in the next three months.
A quarter of employers plan to increase their number of employees while 12.6% expect to decrease staff levels in the coming months, the report found.
“Australian businesses are demonstrating cautiousness as they focus on gaining market share and restructuring their cost base to achieve success in today’s conditions,” said Mark Steyn, CEO of Hudson Asia Pacific.
“There is an understanding that there may well not be a return to the pre-global financial crisis boom times and leaders are focused on positioning their businesses to best compete and win in the new normal.”
Hiring intentions are highest in the information technology sector, followed by resources, healthcare, construction/property/engineering and professional services.
Employers in Western Australia have the strongest intention to hire, with 32.5% of companies expecting to increase headcount, particularly in the resources sector. Employers in Queensland are also keen to recruit new staff with hiring activities high in professional services, resources and construction and engineering. Meanwhile employers in South Australia have the lowest intention to hire at just 18.2%.