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
Photos: iTnews Benchmark Awards countdown begins
Just a few days left until entries close for 2014.
 
Australian Govt to rethink cyber security strategy
Six-year old policy to be refreshed.
 
The failure of the antivirus industry
[Blog post] Insights from AVAR 2014.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Who do you trust most to protect your private data?







   |   View results
Your bank
  38%
 
Your insurance company
  3%
 
A technology company (Google, Facebook et al)
  8%
 
Your telco, ISP or utility
  7%
 
A retailer (Coles, Woolworths et al)
  2%
 
A Federal Government agency (ATO, Centrelink etc)
  20%
 
An Australian law enforcement agency (AFP, ASIO et al)
  15%
 
A State Government agency (Health dept, etc)
  5%
TOTAL VOTES: 1073

Vote