Daily NewsView All News
Australian businesses will need a sharp focus on retaining top talent or risk missing growth opportunities amidst signs of a recovering economy, according to new research by Australian recruiter Clarius.
This showed major challenges for businesses which face a shortage of 9,700 professionals across a range of sectors. Companies are also concerned that good staff will desert them as markets improve.
The research found skills shortages across engineering (4,500 people), ICT (4,600) and accountants, company secretaries and auditors (2,300). Corporate services managers (800) and advertising and sales managers (2,700) were also in short supply.
Clarius CEO, Kym Quick, said: “Sentiment plays a strong part in hiring decisions. Positive economic signals are now reversing poor business sentiment and this should lead to increased hiring activity.
“This encourages candidates, who have stayed put in recent years, to look for new opportunity, hence the churn. As a result, businesses are concerned they will lose key talent. It's even tougher for companies operating in sectors where there are professional skill shortages because competition for the best talent will be fierce,” she said.
Ms Quick said the job market should show a slow steady build in 2013, gaining momentum mid-year. This year’s national election may impact some hiring patterns, however, businesses would be focusing at a micro level to grow, she said.