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UNDER STRICT EMBARGO: NOT FOR PUBLICATION BEFORE 00.01 GMT TUESDAY 11 SEPT 2012 11th September 2012 Australia’s employers remain cautiously optimistic about hiring: Manpower Employment Outlook Survey Australia: The Manpower Employment Outlook Survey released today reveals some opportunities remain available for Australia’s job seekers. The Net Employment Outlook remains positive despite local and global economic jitters, and falls just one percentage point this quarter to a Net Employment Outlook of +9%. The survey of over 2,200 Australian employers, which measures hiring intentions for the coming quarter, revealed that 20 per cent of employers expect to increase hiring, while the number of companies planning to decrease hiring has remained steady at 11 per cent. With no significant change from last quarter, these results point to the jobs market remaining steady for the remainder of 2012. Lincoln Crawley, Managing Director of ManpowerGroup Australia and New Zealand, said, “The jobs market appears quite resilient in the face of concerns about the carbon tax, the continuing Eurozone crisis and fears of a Chinese slowdown. “While the last 12 months have seen a slow downward trend for employer hiring confidence, there is certainly no sign of panic; in fact 1 in 5 employers plan to increase hiring in the last quarter of 2012, while the vast majority will maintain their staff levels. Overall, the jobs forecast is down but certainly not out.” Patchwork Economy alive and well The survey results show that employer hiring plans continue to reflect the ‘patchwork’ jobs pattern of Australia. Employers in the Services sector report the most positive hiring intentions with a Net Employment Outlook of +16%, reflecting a 2 percentage point increase when compared with last quarter. In the Wholesale Trade & Retail Trade sector, the Outlook improves five percentage points quarter-over-quarter to +9%. It’s the strongest level reported by employees in the sector in more than a year, and is likely driven by employers planning for the Christmas season. Conversely, Manufacturing employers report a noticeable decline in the Australian jobs market. Hiring plans decline by 6 percentage points quarter-over-quarter to a Net Employment Outlook of 0%, its weakest point since the third quarter of 2009. Hiring plans also decrease by a moderate 8 percentage points quarter-over-quarter in the Finance, Insurance and Real Estate sector where employers report an Outlook of +11%. Meanwhile, confidence remains intact in the Mining & Construction sector where employers report no changes in hiring plans when compared with last quarter. The Net Employment Outlook in the sector stands at +10%. “The industry sector survey results support the view that there is a structural shift occurring in the economy, with demand for professional skills in areas such as services and mining helping to offset the continued loss of manufacturing positions,” Mr. Crawley said. Among the states and territories the forecast is mixed: Employers in the Northern Territory report the strongest hiring plans with a healthy Net Employment Outlook of +24%, with seasonal work in the area picking up as well as continued resources projects. In Western Australia, hiring plans improve 5 percentage points from last quarter, with employers there reporting a healthy Outlook of +22%. Meanwhile, the Outlook in New South Wales slides downward for the sixth consecutive quarter, and now nearly mirrors the hiring forecast at the national level with an Outlook of +10%. On the downside, Tasmanian confidence dropped six percentage points from last quarter to a Net Employment Outlook of -6%, the weakest forecast reported in the region since the Australian survey began in 2003. Similarly, Victoria’s forecast is the weakest on the mainland, with employers there reporting an Outlook of just +6%. Following an upbeat forecast last quarter, employer confidence in Queensland declines six percentage points to an Outlook of +7%, which is slightly below the national average. Mr. Crawley warns that no matter what the quarterly movements suggest, employers should not lose sight of their long-term workforce strategy. “This survey reflects hiring intentions and not the ability to fill roles. Our latest Talent Shortage Survey found that 50 percent of employers still can’t find the workers they need for every role. Therefore, businesses need to be looking at their workforce from a longer-term perspective, continuously building their talent pipeline.” For jobseekers, flexibility continues to be critical, according to Mr. Crawley. “The economy is undergoing significant change so job seekers need to focus on the areas that are growing and be willing to adapt. That may mean moving locations, retraining or updating your skills. The key is to go where the work is and develop the skills that are in demand,” he said. ENDS Media Contact: Alexis Carroll Buchan Consulting email@example.com 02 9237 2802 About ManpowerGroup ManpowerGroup™ (NYSE: MAN), the world leader in innovative workforce solutions, creates and delivers high-impact solutions that enable our clients to achieve their business goals and enhance their competitiveness. With over 60 years of experience, our $22 billion company creates unique time to value through a comprehensive suite of innovative solutions that help clients win in the Human Age. These solutions cover an entire range of talent-driven needs from recruitment and assessment, training and development, and career management, to outsourcing and workforce consulting. ManpowerGroup maintains the world’s largest and industry-leading network of nearly 3,900 offices in over 80 countries and territories, generating a dynamic mix of an unmatched global footprint with valuable insight and local expertise to meet the needs of its 400,000 clients per year, across all industry sectors, small and medium-sized enterprises, local, multinational and global companies. By connecting our deep understanding of human potential to the ambitions of clients, ManpowerGroup helps the organizations and individuals we serve achieve more than they imagined – because their success leads to our success. And by creating these powerful connections, we create power that drives organizations forward, accelerates personal success and builds more sustainable communities. We help power the world of work. The ManpowerGroup suite of solutions is offered through ManpowerGroup™ Solutions, Manpower®, Experis™ and Right Management®. Learn more about how the ManpowerGroup can help you win in the Human Age at www.manpowergroup.com. ManpowerGroup is the most trusted brand in the industry, being the only company in our industry to be named to the Ethisphere Institute's 2011 World's Most Ethical Companies list for our proven commitment to ethical business practices, including an outstanding commitment to ethical leadership, compliance practices and corporate social responsibility. In addition, ManpowerGroup has also been recognized as the industry leader by Fortune magazine, who named the company in first place on its 2011 list of the Most Admired Companies in the temporary help sector. In January 2011, at the World Economic Forum Annual Meeting in Davos, Switzerland, ManpowerGroup announced the world has entered the Human Age, where talent has replaced capital as the key competitive differentiator. Learn more about this new age at www.manpowergroup.com/humanage Gain access to ManpowerGroup’s extensive thought leadership papers, annual Talent Shortage surveys and the Manpower Employment Outlook Survey, one of the most trusted indices of employment activity in the world, via the ManpowerGroup World of Work Insight iPad application. This thought leadership app explores the challenges faced by employers navigating the changing world of work and provides in- depth commentary, analysis, insight and advice on strategies for success. Follow ManpowerGroup Chairman and CEO Jeff Joerres on Twitter: twitter.com/manpowergroupjj. Joerres is one of only six Fortune 500 CEOs who leverages a Twitter account to get his message out.
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