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Hudson Report - Employment Expectations (January - March 2010)
Hudson has released its quarter one 2010 report on Employment Expectations based on in-depth, nationwide research. The report is released quarterly and uncovers and analyses the hiring expectations of Australian employers over the forthcoming quarter and provides insights into a range of human resource issues currently impacting business and the broader Australian economy.
The Hudson Report: Employment Expectations for the January – March 2010 period consists of interviews with 4,470 employers across Australia.
ACCA Australia & New Zealand would like to share Hudson's top level results with you.
Results
The great news is that Hudson’s findings show that confidence within the employment market has increased for the third consecutive quarter. Australian hiring intentions surged a further 10.6pp with a net 29.1% of employers now reporting an intention to increase their permanent staff levels during the January - March 2010 period. This is the second strongest quarterly increase on record.
All states and territories shared this positive increase in their expectations for Q1 with the vast majority of industries also recording positive results.
WA reported by far the biggest quarterly increase with a net 43.1% of employers indicating an intention to increase their permanent staff levels.
The Australian professional services sector has contributed strongly to increasing employer confidence nationally, with a range of employers hiring again as business conditions improve. Sentiment is now the strongest it has been in 18 months, with a net 44.7% of employers reporting an intention to increase their permanent staff levels over the coming three months.
The Australian overall result is being driven by a continuing shift towards intentions to increasing headcount as well as a continuing strong shift away from decreasing headcount.
In New Zealand sentiment amongst employers has also increased strongly for the third consecutive quarter. Now reporting the highest level of confidence since 2008, a net 19.6% of employers have indicated an intention to increase their permanent staff levels during the January – March 2010 period, up 8.8pp from last quarter.
The South Island recorded the biggest increase in confidence and is now the most optimistic across the regions, with sentiment up 20.3pp to 25.6%.
To download the full Hudson Report: Employment Expectations for Australia click here.