Job demand ‘back to 2008 levels’
Job hiring is on the rise again with a large jump in job vacancies reported in March.
Vacancies increased 20.9 per cent compared to a 6.3 per cent rise in February according to the latest monthly data from recruitment firm IPA.
An ANZ survey also returned positive news for job seekers, with an average of 162,692 ads per week helping to achieve an 8 per cent annual increase in job ads in newspapers, The Australian website reported yesterday.
IPA CEO Rabieh Krayem said in a press release that the figures were “very healthy” but he added that was too early to call the job market “booming”.
“We are certainly in an upward cycle and there is growth to come. But the combination of further interest rate rises and a more restrictive Federal Government budget may slow the pace of improvement.”
Smart employers are already taking pre-emptive action to slow down staff losses, Mr Krayem said. “Employer are looking to ‘extend tenure’ of current staff by offering bonuses, personal development and flexible hours.”
Demand was strongest in the mining and infrastructure sectors in Queensland and Western Australia, while banking and telecommunication roles were the strongest growth areas in New South Wales and Victoria, according to the IPA data.
