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Country overview
2009 was a difcult year or nearly every employment
market globally. Relative to others, it is well publicisedthat Australia ared comparatively well. However, the
pain was still elt very widely in the broad economy and
in labour markets in particular. All frms, large and small,
reverted to cost-cutting to some degree and the spill
over into labour markets was sharply elt. Both
temporary and permanent labour markets were heavily
aected; wages were at best rozen and oten, either
directly or indirectly via reduced hours, reversed. Hiring
in the frst hal o 2009 was marginal and restricted tokey replacements. Queensland and Western Australia
were slower going into the downturn than other states
however with some major well publicised resource
projects, indicators suggest demand or quality people
is already returning in these locations.
The impact since late 2008 o ‘marginal’ hiring, large
scale redundancies and the natural stalling o new
projects is leading to pent up demand returning in most
sectors and across all locations. This may lead to
increased demand or temporary and contract workers
as client business volumes begin to return to previouslevels. Employment levels are still remarkably high and
consequently, even with the mild recovery predicted
or the early part o 2010, organisations will have to
be resourceul in selling and marketing themselves
to attract top-tier candidates. Likewise, smart
organisations will need to quickly address gaps caused
by vastly reduced graduate intakes over the past 18
months – not doing so has a signifcant ricochet eect
longer term.In summary, we anticipate markets in 2010 will
continue to improve and demand will return gradually.
Organisations need to be alert to the act that relatively
ull employment levels locally mean the market is not
awash with quality people available at lower cost – it is
simply not the case – and those smarter organisations
will take a proactive approach to retaining and adding
new resources.
aUStralia
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