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It’s pretty quiet on the jobs front, not many new roles but not a huge amount of candidates either. Last year we experienced and extraordinary December/January period where the recruitment process barely came to a stop as companies pushed to secure the best available talent even if it meant doing a reference check on New Year Eve.

So is January just going back to normal, just a slow start as people return to work and put out the fires and will start thinking about HR and recruitment in Feb/March?

I don’t have the answer, but I haven’t seen anything that points towards a great year for the job market. It will be much slower than last year and good candidates will still get good jobs and average candidates will have to work harder and wait longer to secure their next role.

We have seen more companies trying to recruit themselves through SEEK and print advertising in the past 3 months. This may continue but you need resources to do this and the success is more hit and miss than you would think. Remember to do those reference check guys.

Any feedback is most welcome.

Tim

Posted under Jobs, News, Retailers

ANZ released its’ monthly Job Survey data yesterday and it was very grim reading. The last two months have shown falls of 5.9% in October and 8.6% last month. This two month period is the biggest fall in the index since its inception over 30 years ago.

Warren Hogan, ANZ head of Australian economics, made this astute observation;

“The latest job advertisements data suggests the global financial crisis has had a substantial impact on the Australian economy in the December quarter”

The redundancies continue to roll in with ANZ playing its part yesterday, giving 2 weeks notice to middle managers, analysts and researchers not required on the merger of Institutional and Corporate Depts.

FMCG announcements have been few and far between at this stage, with the agency/advertising area taking the brunt of it at the moment.

All the best.

Tim

Posted under Jobs, News

Here is a list of signs we are currently seeing to back up the statistics of the economic downturn;

1. L’Oreal has flown the coop from the Flemington Birdcage
2. VALUES of Gold Coast listed companies have plummeted almost 60 per cent since last year
3. Selfridge’s on Sunday launched a new up-scale chocolate treat — the “Credit Crunch“
4. The home brewing beer industry is undergoing a resurgence
5. Job ads growth at five year low: survey
6. Restaurants Push ‘Value’ Meals
7. Wall Street banker swapped finance to become a monk in a remote Bulgarian village

Any More?

Tim

Posted under Uncategorized