find the latest legal job
Corporate/Commercial Lawyers (2-5 years PAE)
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Specialist commercial law firm · Long-term career progression
View details
Graduate Lawyer / Up to 1.5 yr PAE Lawyer
Category: Personal Injury Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Mentoring Opportunity in Regional QLD · Personal Injury Law
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Employers hesitating, not hiring

Employers hesitating, not hiring

Employers will be adopting a ‘wait and see’ approach and keeping headcount steady over the next quarter, according to a new study.

On 11 April Hudson released its latest Employment Expectations report, which surveyed 4,481 Australian employers, including professional services firms, about their hiring expectations for the April-June period.

The report revealed a decline of four percentage points in hiring expectations from the previous quarter to a net 21.7 per cent. While 90 per cent of organisations said they expect to boost headcount or keep their workforce steady, the quarterly decline resulted from more employers taking a ‘wait and see’ approach to hiring due to economic uncertainty.

The survey, conducted in February this year, showed a 3.3 percentage point rise in the number of employers planning to keep headcount steady to 57.3 per cent, while those who expect to hire staff slid 3.7 percentage points to 32.2 per cent. There was only a small change in employers anticipating staff cuts, up 0.4 percentage points to 10.5 per cent.

The report also revealed net positive sentiment across all regions, ranging from 43.9 per cent in Western Australia to 6.7 per cent in Victoria. Additionally, all industries posted net positive results with the resources industry reporting positive sentiment of 55.9 per cent.

According to the report, weaker-than-expected economic growth in the December quarter and news reports in January and February of planned job cuts among some of the banks, miners, retailers and car manufacturers may have dampened employment sentiment.

The economies of Western Australia and Queensland have continued to benefit from the resources boom, while New South Wales and Victoria barely grew, and South Australia retracted.

Queensland was the only state to record an increase in employment sentiment in the quarter (up two percentage points to 37.6 per cent), narrowing the gap at the top with Western Australia down 1.3 percentage points to 43.9 per cent.

“Australian employers remain optimistic overall, although somewhat more cautious following economic data and news of job cuts in some industries during the first quarter, particularly the financial services and manufacturing sectors,” said the CEO of Hudson Asia Pacific, Mark Steyn (pictured).

“Most employers still plan to either hire new staff or keep their workforce steady while they wait for more clarity around the economy. Most encouragingly, there has been very little change in the number of companies that anticipate cutting staff.”

With almost a third of Australian employers expecting to increase headcount in the second quarter, Steyn recommended they move quickly to identify and secure the best candidates.

“Many high achievers are on the move and the danger for [employers] in the current environment is that a ‘wait and see’ approach can result in protracted decision-making throughout the hiring process, which can mean high quality candidates pulling out of the recruitment process to accept more attractive offers elsewhere,” he said. 

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Employers hesitating, not hiring
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Papua New Guinea flag
Dec 14 2017
World-first mining case launched in PNG
Citizens of Papua New Guinea have launched landmark legal proceedings against the country’s govern...
Dec 14 2017
Punishing offenders twice pointless, politicians warned
The president of the Law Society of NSW has warned legislators from other states about adopting cont...
Dec 13 2017
Young humanitarian lawyer California-bound
A young Australian lawyer will be travelling to the US next year for a prestigious nine-month study ...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...