NATIONALROAD AHEAD SERIES2013 Human Resources                   Specialists in human resources recruitmentHuman Resources ...
Agenda  The Australian Economy & Employment Market     • The Australian Economy & Employment     The “Expert” Economic Opi...
The Australian Economy & Employment Market                                                                               B...
The Australian Economy & Employment Market     The “Expert” Economic Opinions     The “Expert” Economic Opinions     “We a...
The Australian Economy & Employment Market     What is the market telling us?     The “Expert” Economic Opinions     •  ft...
Current Industry Trends  The Australian Economy  Employment Market     Overview     The “Expert” Economic Opinions     •  ...
Current Industry Trends  The Australian Economy  Employment Market     Areas of Demand     The “Expert” Economic Opinions ...
Current Industry Trends  The Australian Economy  Employment Market     Salaries     The “Expert” Economic Opinions     •  ...
Current Industry Trends  The Australian Economy  Employment Market     How has the workplace changed?     The “Expert” Eco...
2013 Salaries  Market Insight Video                                         Specialists in human resources recruitmentHuma...
Michael Page Market Research  The Australian Economy  Employment Market     Staff Turnover     The “Expert” Economic Opini...
Michael Page Market Research  The Australian Economy  Employment Market     Market Outlook     The “Expert” Economic Opini...
Michael Page Market Research  The Australian Economy  Employment Market     The “Expert” Business Concerns     Personal  E...
Michael Page Market Research  The Australian Economy  Employment Market     Attraction Strategies     The “Expert” Economi...
Michael Page Market Research  The Australian Economy  Employment Market     Retention Strategies     The “Expert” Economic...
Technology Update  The Australian Economy  Employment Market     What did we see in 2012?     The “Expert” Economic Opinio...
Technology Update  The Australian Economy  Employment Market     What will we see in 2013?     The “Expert” Economic Opini...
Summary  The Australian Economy  Employment Market     Summary     The “Expert” Economic Opinions     •  urrent indicators...
Where to be born in 2013     Question posed by the Economist Intelligence Unit:     “Which country will it be best for a b...
Thank youQUESTIONS?                  Specialists in human resources recruitmentHuman Resources                            ...
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2013 National Road Ahead Series - Human Resources

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In February, the Michael Page Human Resources team hosted breakfast briefings for clients in Sydney and Melbourne. We reviewed the opinions of expert economists on the domestic employment market, discussed current industry trends and salary insights, and reflected on how the workplace is changing. We also shared the latest candidate and client market research from Michael Page.

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2013 National Road Ahead Series - Human Resources

  1. 1. NATIONALROAD AHEAD SERIES2013 Human Resources Specialists in human resources recruitmentHuman Resources www.michaelpage.com.au
  2. 2. Agenda The Australian Economy & Employment Market • The Australian Economy & Employment The “Expert” Economic Opinions Market • Current Industry Trends • 2013 Salaries & Market Insight Video • Michael Page Market Research • Technology Update • Summary • Questions? Specialists in human in finance recruitment Specialists resourcesHumanFinanceResources www.michaelpage.com.au
  3. 3. The Australian Economy & Employment Market Boom Historical Economic Overview 2006-2008 The “Expert” Economic Opinions GFC 2009 2013 ? Recovery 2010-2012 Specialists in human in finance recruitment Specialists resourcesHumanFinanceResources www.michaelpage.com.au
  4. 4. The Australian Economy & Employment Market The “Expert” Economic Opinions The “Expert” Economic Opinions “We are expecting a modest improvement in global growth in 2013, supported by a recovery in the emerging economies” Paul Bloxham, Chief Economist Australia & New Zealand, HSBC “Global growth is sluggish and expected to stay that way in 2013” NAB Group Economics “Australian economic growth is expected to decelerate in 2013, as the pace of growth in business investment slows and the combined influences of cautious consumer spending and a fragile world economy take a firmer hold.” Stephen Halmarick, Chairman, Association of Australian Business Economists “In the big picture sense, the job market is in a holding pattern...” Craig James, Chief Economist, Commsec Specialists in human in finance recruitment Specialists resourcesHumanFinanceResources www.michaelpage.com.au
  5. 5. The Australian Economy & Employment Market What is the market telling us? The “Expert” Economic Opinions • fter a solid start to 2012, the Australian economy softened in the second half of the year A • ontinued global uncertainty, a high Australian dollar and a decrease in demand within C the mining sector contributed to a more challenging Australian economy • he Australian economy is forecast to grow at 3% in 2013 and the economic outlook is T “stable” • he feedback from the business community is that trading conditions will remain the T same in 2013 • reater global confidence as the US “fiscal cliff” has been avoided (for now) G • here is also a level of confidence in a range of sectors that the employment market will T move forward in 2013 Specialists in human in finance recruitment Specialists resourcesHumanFinanceResources www.michaelpage.com.au
  6. 6. Current Industry Trends The Australian Economy Employment Market Overview The “Expert” Economic Opinions • uoyant in H1 2012, followed by a shift towards replacement hiring in H2 2012 B • lobal uncertainty has prompted many of the international companies to take a cautious G approach. This has meant: - Streamlining support services - Multi-skilling/re-distributing workloads - Thin coverage - Sharp increase in contracting recruitment, particularly in relation to specific HR projects • number of companies are investing in long-term HR Information Systems (HRIS), A projects and organisational change initiatives • 013 is expected to be similar to 2012 with a continued focus on replacement rather than 2 new permanent hires • ncrease in flexible working arrangements and non-monetary benefits I Specialists in human in finance recruitment Specialists resourcesHumanFinanceResources www.michaelpage.com.au
  7. 7. Current Industry Trends The Australian Economy Employment Market Areas of Demand The “Expert” Economic Opinions • inancial and Professional Services F - HRIS experts - Change Management/Organisational Change specialists • ommerce and Industry C - HR Generalists/HR Business Partners - Industrial Relations experts - OHS specialists - HR Generalist roles within small to medium enterprises Specialists in human in finance recruitment Specialists resourcesHumanFinanceResources www.michaelpage.com.au
  8. 8. Current Industry Trends The Australian Economy Employment Market Salaries The “Expert” Economic Opinions • ost companies anticipate an increase in salaries of 3% - 4% M • igh performing companies in the mining, resources, energy and related industries may H provide higher increases based on performance • onuses linked to company performance will also be awarded B Specialists in human in finance recruitment Specialists resourcesHumanFinanceResources www.michaelpage.com.au
  9. 9. Current Industry Trends The Australian Economy Employment Market How has the workplace changed? The “Expert” Economic Opinions • ess complacent management teams L • reater EVP G • ocus on multi-skilling F • reater operational involvement G • ompliance on policies and procedures C • etention strategies outside remuneration R • trategic focus eg. workforce planning vs. operational recruitment S • ncreased workplace flexibility I • easurement through output rather than hours worked M Specialists in human in finance recruitment Specialists resourcesHumanFinanceResources www.michaelpage.com.au
  10. 10. 2013 Salaries Market Insight Video Specialists in human resources recruitmentHuman Resources www.michaelpage.com.au
  11. 11. Michael Page Market Research The Australian Economy Employment Market Staff Turnover The “Expert” Economic Opinions Employee Employer Employee turnover in the next 12 months Expected staff turnover in the next 12 months VERY LIKELY IT WILL INCREASE 52% 12% QUITE LIKELY IT WILL BE THE SAME 20% 55% NOT LIKELY IT WILL DECREASE 16% 23% UNSURE UNSURE 12% 10% Specialists in human in finance recruitment Specialists resourcesHumanFinanceResources www.michaelpage.com.au
  12. 12. Michael Page Market Research The Australian Economy Employment Market Market Outlook The “Expert” Economic Opinions Employee Employer Employee optimism in the job market Expected business conditions for 2013 IT WILL SIGNIFICANTLY IMPROVE THEY WILL IMPROVE 4% 19% IT WILL IMPROVE THEY WILL REMAIN STABLE 27% 65% IT WILL BE THE SAME THEY WILL DECLINE 52% 10% IT WILL BE WORSE UNSURE 15% 6% IT WILL BE FAR WORSE 2% Specialists in human in finance recruitment Specialists resourcesHumanFinanceResources www.michaelpage.com.au
  13. 13. Michael Page Market Research The Australian Economy Employment Market The “Expert” Business Concerns Personal Economic Opinions Employee Employer Top five employee concerns Key business concerns for 2013 JOB SECURITY ACHIEVING BUSINESS GOALS WITHIN ALLOCATED BUDGET 32% 55% SALARY VS LIVING COSTS GLOBAL OUTLOOK 28% 18% DOMESTIC ECONOMIC DOWNTURN PEOPLE MANAGEMENT ENGAGEMENT 17% 13% CHINA ECONOMIC SLOWDOWN STAYING AHEAD OF COMPETITORS 7% 9% EUROZONE DEBT CRISIS OTHER 4% 3% WAGES GROWTH CPI INCREASE 2% Specialists in human in finance recruitment Specialists resourcesHumanFinanceResources www.michaelpage.com.au
  14. 14. Michael Page Market Research The Australian Economy Employment Market Attraction Strategies The “Expert” Economic Opinions Employee Employer What job seekers are looking for Attraction strategy most likely to be implemented SCOPE FOR CAREER PROGRESSION PROMOTE THE COMPANYS REPUTATION 27% 30% INCREASE IN SALARY COMPETITIVE SALARIES 17% 28% WORKPLACE FLEXIBILITY SCOPE FOR CAREER DEVELOPMENT 15% 26% MORE SENIORITY/PROMOTION FLEXIBLE WORKING OPTIONS 13% 12% LEARNING DEVELOPMENT OTHER 10% 4% COMPANY BRAND AND REPUTATION 9% OTHER 6% POTENTIAL FOR OVERSEAS CAREER OPPORTUNITIES 3% Specialists in human in finance recruitment Specialists resourcesHumanFinanceResources www.michaelpage.com.au
  15. 15. Michael Page Market Research The Australian Economy Employment Market Retention Strategies The “Expert” Economic Opinions Employee Employer What will keep employees in their current role Retention strategy receiving most focus in 2013 FINANCIAL REWARD BASED ON PERFORMANCE TRAINING CAREER DEVELOPMENT OPPORTUNITIES (SALARY INCREASE/BONUS) 36% 29% INITIATIVES TO IMPROVE COMPANY CULTURE ADDITIONAL CAREER DEVELOPMENT 24% SUPPORTED BY TRAINING PERFORMANCE BASED REWARDS 23% 18% LEADERSHIP/MOTIVATING MANAGER OFFER WORK-LIFE BALANCE OPTIONS 13% 11% WORKPLACE FLEXIBILITY 15% OTHER 6% COMPANY CULTURE INCREASE IN BASE PAY 16% 5% OVERSEAS CAREER OPPORTUNITIES 4% Specialists in human in finance recruitment Specialists resourcesHumanFinanceResources www.michaelpage.com.au
  16. 16. Technology Update The Australian Economy Employment Market What did we see in 2012? The “Expert” Economic Opinions Website video • he average person visits a website without video for 48 seconds and website with video T for over 5 minutes • minute of video = 1,800,000 words 1 • n 2013, 90% of website traffic will be video I Company blogs / unique content • iller content no longer works - genuine value needs to be added through insights or F practical advice Specialists in human in finance recruitment Specialists resourcesHumanFinanceResources www.michaelpage.com.au
  17. 17. Technology Update The Australian Economy Employment Market What will we see in 2013? The “Expert” Economic Opinions Responsive website design • ove from separate websites for desktop and mobile to one single website that adjusts M depending on the size of the device Near field communication • riggers content on a phone if an advert is tapped without the need to download an app. T Limited support at present - only 15% of phones “With the right training and expertise, technology can be used effectively to find a person, but it will never replace human interaction to secure the person” Specialists in human in finance recruitment Specialists resourcesHumanFinanceResources www.michaelpage.com.au
  18. 18. Summary The Australian Economy Employment Market Summary The “Expert” Economic Opinions • urrent indicators point to the economy being in a “holding pattern” C • here is an underlying level of conservative confidence in the Australian employment T market • andidates in the permanent market are still seeking new opportunities C • ompanies are continuing to focus on staff retention and their EVP C • ommunication, career growth and financial reward remain as key drivers in employee C satisfaction Specialists in human in finance recruitment Specialists resourcesHumanFinanceResources www.michaelpage.com.au
  19. 19. Where to be born in 2013 Question posed by the Economist Intelligence Unit: “Which country will it be best for a baby born in 2013? Most importantly, what person entering adulthood in the 2030’s will be happiest as to where she or he lives?” They call this the “born index” or “life satisfaction index” Answer: “Australia in second place, behind Switzerland” Specialists in human resources recruitmentHuman Resources www.michaelpage.com.au
  20. 20. Thank youQUESTIONS? Specialists in human resources recruitmentHuman Resources www.michaelpage.com.au

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