INTERNATIONAL JOB SEARCH EXECUTIVE JOBS AUSTRALIA MARKET REPORT
Feb 2013 Australia added 71,500 jobs
in February 2013, a huge jump and the
biggest rise in total employment in more
than a decade.
Full-time employment jumped by 17,800 and
part-time employment was up by 53,700, said
the Bureau of Statistics.
There was also a rise in the total
workforce, which comprises those in work
plus those looking for it. The unemployment
rate remained at 5.4%.
Analysts said the data was a sign that
economic conditions were improving.
"It's spectacular employment growth,"
said Brian Redican, a senior economist at
Macquarie. Most analysts expected only about
9,000 jobs to be added in February.
"With that kind of employment growth,
obviously policymakers would be feeling
pretty comfortable with the current policy
settings," added Mr Redican.
Although some economists warned that the
dramatic rise could be a one-off instead of
a steady trend upwards.
Australian Bureau of Statistics reported March 2011 that the unemployment rate
remained at 5% in February, indicating the labour market is reaching full
We have noticed strong competition from employers for executives leading to
strong salary increases as corporates compete for the best talent.
Meanwhile, the latest data from executive jobs sites shows the number of job
advertisements placed nationally increased in February by 1.5%.
Employers' sentiment has increased again to reach the highest level of
confidence seen since mid 2008. Australian hiring intentions have increased for
a third consecutive quarter as business conditions improve and signs of a strong
recovery in economic growth continue. Up a considerable 10.6pp on last quarter,
a net 30% of employers expect to increase their permanent staff levels during
the second half of 2010.
All States and Territories and most industries recorded a significant increase
in sentiment for at least a second consecutive quarter. WA reported by far the
biggest quarterly increase in sentiment across the States and Territories, up
23% from last quarter.
QLD also recorded a strongly positive result. Mining and Resource sectors were
the growth engine on the back of strong demand from China.
In NSW, strong business and consumer confidence has seen employer sentiment
increase for a second consecutive quarter. Professional services sector
contributed strongly to increasing employer confidence. The IT sector also
performed ahead of expectations. At the executive level many cities reported
Expatriates Survey - Australia Aug 2008
40% of Australian expatriates living overseas earn more than $207,000 a year, a
proportion of expatriate Australians earning more than STG100,00 ($A207,000) -
at 39% - was just behind the Irish expatriates, at 45%, and expatriate
than half of Australian expatriates were younger than 34, and 45 per cent worked
in finance followed by 24 per cent in professional services.
However, the tyranny of distance shortened the time overseas expatriates stayed
in Australia, the HSBC Global Expat Explorer Survey said.
Australia ranked 10th of the 15 countries in the survey of 2,155 expatriates on
living standards, their ability to earn and save, a country's popularity
(longevity) and the level of luxury.
Australia scored well on levels of luxury, the ability to earn and save and
accommodation but poorly for the length of stay.
country ranked second last on length of stay for executives, ahead of India.
Australia group communications executive Daniel Pigott said Australia's
isolation from Europe contributed to the poor showing on executive longevity.
of the expats come from European countries, and Australia is so far from there,"
one of the reasons they don't stay as long as they do in other countries, which
might be closer to Europe."
Netherlands topped the longevity list, Germany next and the USA third.
Australia was the top spot for those executives who did stay, with 22% changing
Australia's outdoor lifestyle was popular for expats, with 80 per cent
indicating of spending more time outdoors here than in their own country, the
best place to earn an executive income was Hong Kong and India, where almost
half of all expatriates there earned $STG 1000,000 ($A207,000).
Singapore was the top ranked country overall, with the highest score for
accommodation and was second-best for luxury and the earn and save category.
was the most expensive expatriate location, with 85% of respondents saying their
living costs had risen, while India was the cheapest.
luxury category, the UAE topped the list, while expatriates in India had the
best chance to earn and save.
Demand for executive jobs is again strong in the
Australian resources sector particularly in Western Australia and Queensland.
Weakest state is currently Victoria where employment sentiment has weakened since 2005. We have found that SME corporations are hiring strongly and
executives are advised to target small
and medium corporations across all sectors. Strongest sectors for executive jobs
in Australia are Resources,
Construction, Legal, Accounting and Tourism. Sales and Marketing staff are in
demand especially those with experience outside Australia as corporations look
to increase export sales.
The Australian economy was strong during the year on the
back of demand for resources from China. Not surprisingly the resource sector
was a strong provider of executive jobs during the year with Telecoms, Technology and Tourism being the
bright spots. Manufacturing and Consumer Products showed a slight downturn while
Financial Services was neutral.
Demand for senior executives rebounded in November/December after some fairly
weak job statistics earlier in the year.
The executive job demand rebound was particularly noticeable in the Engineering/Construction
sector. This indicates an increase in capital intensive projects which bodes
well for future economic growth. Australia's increasing trade levels in Asia
should shield the economy partly from the expected slowdown in N. America and
the UK. We expect therefore that the Australian executive job market will fair
relatively better than these markets in the next 2 quarters.
The IT market was strong towards the end year whilst Banking, Legal and
Finance were steady.
Executive jobs uncovered by International Job Search in the quarter included;
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