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Australian technology professionals struggling to find work will be urging new Prime Minister Kevin Rudd to announce an earlier election date to revive stalled spending activity, according to Peter Acheson, the chief executive officer of Peoplebank Australia.
Mr Acheson said Peoplebank’s regular survey of its biggest 50 clients showed that market activity began to slow down in January when then Prime Minister Julia Gillard surprisingly announced a September election date, according to afr.com.
Mr Acheson commented that election periods always caused a drop off in hiring activity, so the extended period caused by Ms Gillard’s election announcement led to a negative impact on the job market. “Since the election was called in February there is no question that businesses have stopped making investment decisions, and have stopped making hiring decision and that is flowing through to a softness in overall employment and, linked to that, overall IT employment,” he added.
This news comes amid unrest in the IT sector in Australia of late, with increasing unease amongst workers fearing outsourcing and redundancy.
In a statement to afr.com Mr Acheson said some of this slowdown was related to policy expectation, citing a major mining company holding back on large capital decisions in the hope of a removal of the mining tax. He said a pick-up in hiring would occur, post-election, irrespective of the winner, but predicted a bigger bounce with a Coalition victory.
Peoplebank, founded in 1990, claims to be the largest IT & Technology recruitment country in Australia. Peoplebank was named as Best Employer for the second consecutive year in Aon Hewitt’s latest Australian employer ranking.