The latest Manpower Employment Outlook Survey shows diminished prospects for job seekers in the Mining and Construction sector as employers put off hiring new employees until economic conditions improve.
The survey of 2,779 employers across Australia revealed that while most won’t cut current employee levels, they will resist hiring new workers for at least the immediate future.
“The continuation of the current economic challenges is reflected in a downward trend in hiring intentions since the second quarter of 2008,” Manpower Australia and New Zealand managing director Lincoln Crawley said.
“However the majority of employers will make no reductions to their current headcount, supporting our prediction of a ‘wait and see’ approach from last quarter.”
According to the Crawley, the level of demand for workers is at its lowest level since it began in 2003.
“The Net Employment Outlook is the weakest it has been since the survey began in the third quarter of 2003, in Australia,” he said.
Despite the dim outlook, Crawley remains positive employers’ willingness to maintain staff levels instead of making drastic cuts.
“There seems to be an increased awareness that even though times are tough, employers should not act hastily but rather balance short and, long-term by preparing themselves for when the economy recovers,” he said.
“To achieve this they need to have retained talent or, through a flexible workforce approach, have access to the right skills at the right time.”