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INTERNATIONAL JOB SEARCH EXECUTIVE JOBS AUSTRALIA MARKET REPORT

 

Australia adds 71,500 jobs, the biggest jump since 2000

Feb 2013 Australia added 71,500 jobs in February 2013, a huge jump and the biggest rise in total employment in more than a decade.

Full-time employment jumped by 17,800 and part-time employment was up by 53,700, said the Bureau of Statistics.

There was also a rise in the total workforce, which comprises those in work plus those looking for it. The unemployment rate remained at 5.4%.

Analysts said the data was a sign that economic conditions were improving.

"It's spectacular employment growth," said Brian Redican, a senior economist at Macquarie. Most analysts expected only about 9,000 jobs to be added in February.

"With that kind of employment growth, obviously policymakers would be feeling pretty comfortable with the current policy settings," added Mr Redican.

Although some international economists warned that the dramatic rise could be a one-off instead of a steady trend upwards.

 

 

Australian Bureau of Statistics reported March 2011 that the unemployment rate remained at 5% in February, indicating the labour market is reaching full capacity.

We have noticed strong competition from employers for executives leading to strong salary increases as corporates compete for the best talent.

Meanwhile, the latest data from executive jobs sites shows the number of job advertisements placed nationally increased in February by 1.5%.

2010

Employers' sentiment has increased again to reach the highest level of confidence seen since mid 2008. Australian hiring intentions have increased for a third consecutive quarter as business conditions improve and signs of a strong recovery in economic growth continue. Up a considerable 10.6pp on last quarter, a net 30%  of employers expect  to increase their permanent staff levels during the second half of 2010.

All States and Territories and most industries recorded a significant increase in sentiment for at least a second consecutive quarter. WA reported by far the biggest quarterly increase in sentiment across the States and Territories, up 23% from last quarter.

QLD also recorded a strongly positive result. Mining and Resource sectors were the growth engine on the back of strong demand from China.

In NSW, strong business and consumer confidence has seen employer sentiment increase for a second consecutive quarter. Professional services sector contributed strongly to increasing employer confidence. The IT sector also performed ahead of expectations. At the executive level many cities reported skills shortages.

2008 International Expatriates Survey - Australia Aug 2008

Circa 40% of Australian expatriates living overseas earn more than $207,000 a year, a survey finds.

The proportion of expatriate Australians earning more than STG100,00 ($A207,000) - at 39% - was just behind the Irish expatriates, at 45%, and expatriate Brazilians, 48%.

More than half of Australian expatriates were younger than 34, and 45 per cent worked in finance followed by 24 per cent in professional services.

However, the tyranny of distance shortened the time overseas expatriates stayed in Australia, the HSBC Global Expat Explorer Survey said.

Australia ranked 10th of the 15 countries in the survey of 2,155 expatriates on living standards, their ability to earn and save, a country's popularity (longevity) and the level of luxury.

While Australia scored well on levels of luxury, the ability to earn and save and accommodation but poorly for the length of stay.

The country ranked second last on length of stay for executives, ahead of India.

HSBC Australia group communications executive Daniel Pigott said Australia's isolation from Europe contributed to the poor showing on executive longevity.

"Many of the expats come from European countries, and Australia is so far from there," he said.

"It was one of the reasons they don't stay as long as they do in other countries, which might be closer to Europe."

The Netherlands topped the longevity list, Germany next and the USA third.

But Australia was the top spot for those executives who did stay, with 22% changing their citizenship.

Australia's outdoor lifestyle was popular for expats, with 80 per cent indicating of spending more time outdoors here than in their own country, the report said.

The best place to earn an executive income was Hong Kong and India, where almost half of all expatriates there earned $STG 1000,000 ($A207,000).

Singapore was the top ranked country overall, with the highest score for accommodation and was second-best for luxury and the earn and save category.

The UK was the most expensive expatriate location, with 85% of respondents saying their living costs had risen, while India was the cheapest.

In the luxury category, the UAE topped the list, while expatriates in India had the best chance to earn and save.

2006

Demand for executive jobs is again strong in the Australian resources sector particularly in Western Australia and Queensland. Weakest state is currently Victoria where employment sentiment has weakened since 2005. We have found that SME corporations are hiring strongly and executives are advised to target small and medium corporations across all sectors. Strongest sectors for executive jobs in Australia are Resources, Construction, Legal, Accounting and Tourism. Sales and Marketing staff are in demand especially those with experience outside Australia as corporations look to increase export sales.

2005

The Australian economy was strong during the year on the back of demand for resources from China. Not surprisingly the resource sector was a strong provider of executive jobs during the year with Telecoms, Technology and Tourism being the bright spots. Manufacturing and Consumer Products showed a slight downturn while Financial Services was neutral.

2004

Demand for senior executives rebounded in November/December after some fairly weak job statistics earlier in the year.

The executive job demand rebound was particularly noticeable in the Engineering/Construction sector. This indicates an increase in capital intensive projects which bodes well for future economic growth. Australia's increasing trade levels in Asia should shield the economy partly from the expected slowdown in N. America and the UK. We expect therefore that the Australian executive job market will fair relatively better than these markets in the next 2 quarters.

The IT market was strong towards the end year whilst Banking, Legal and Finance were steady.

Executive jobs uncovered by International Job Search in the quarter included;

GENERAL MANAGER FMCG SYDNEY A$250K
FINANCIAL DIRECTOR MULTINATIONAL MELBOURNE A$200K
CEO RETAIL SYDNEY A$200K
MANAGEMENT ACCOUNTANT ENERGY PERTH A$100K
IT MANAGER CONSUMER PRODUCTS BRISBANE A$150K
IN-HOUSE LEGAL COUNSEL BANKING SYDNEY A$175K
CONSULTANT CONSULTING PRACTICE SYDNEY A$300K