Healthy job market; shallow pool of talent

 

The Australian job market continues to grow stronger, according to a recent job index.

The Australian job market continues to grow stronger, according to a recent job index.

The Olivier Internet Job Index rose 2.7 percent in July.

On average, it found nearly 130,000 new jobs were advertised every week in July, with a significant surge (23.1 percent) in trades and services vacancies.

But while the number of internet job advertisements was at a three year high, and with unemployment at a record low, there was a concern the supply of talented workers was falling short.

Robert Olivier, a director of the Olivier Group, highlighted the hospitality, and advertising and media sectors as particularly strong, with vacancy increases of 12 percent and 11 percent respectively.

However, IT and telecommunications advertisements fell by 3.3 percent. "This is disappointing," said Olivier. "It was this time last year that fresh budgets gave that sector its first rebound."

Olivier also emphasised the problem of a diminishing workforce. "The talent pool has shrunk," he said. "Employers are finding that candidate response is down. This can be partly explained by the cyclical nature of job hunting.

"The end of the financial year sees many people with their heads down, and the two weeks of school holidays in the months also affects response rates. It's also possible that many people had good salary reviews in June. But if they haven't, they should know that there's plenty of choice out there."

Olivier reiterated the concern over demand outweighing supply. "There are a lot of people looking for jobs and many employers are desperate for people. But there is a mismatch of experience, skillset or price. This is an early warning that the lack of qualified people could be a constraint on our economy."


 
 
 
Top Stories
Five zero-cost ways to improve MySQL performance
How to easily boost MySQL throughput by up to 5x.
 
The big winners from Defence’s back-office IT refresh
Updated: The full list of subcontractors.
 
Tracking the year of CIO churn
[Blog post] Who shone through in 12 months of disruption?
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Which is the most prevalent cyber attack method your organisation faces?




   |   View results
Phishing and social engineering
  69%
 
Advanced persistent threats
  3%
 
Unpatched or unsupported software vulnerabilities
  11%
 
Denial of service attacks
  6%
 
Insider threats
  12%
TOTAL VOTES: 985

Vote