The document summarizes an agenda and presentation on the global and Australian economic outlook and employment trends for 2015. It finds that the global economy is expected to grow in 2015, with stronger growth in major developed economies supporting growth in Australia and New Zealand. The Australian economy is transitioning away from mining demand towards non-mining sectors, with unemployment expected to trend down as non-mining investment and business confidence increase. Emerging trends in the workplace include a stronger focus on employer branding, diversity and inclusion.

1. Presented by
Michael Page
February 2015

2. Global economic environment
The Australian economy
Salary & Employment Forecast
Continuing and emerging business trends
Spotlight: Gender diversity
Summary
Questions
Agenda

3. The Road Ahead 2015

4. Global economic environment
Growth rate of the world economy
Source: International Monetary Fund

5. Global economic environment
GDP growth forecasts
Source: ANZ Economics & Markets Research
2014 2015 Forecast Overall Outlook
World 3.3% 3.9% Grinding higher
US 2.3% 3.2% Leading the way
Euro zone 0.8% 1.3% Slowly but surely
China 7.5% 7.0% Trending lower
Australia 3.1% 2.9% Still transitioning
New Zealand 3.1% 3.0% Slowing down slightly

6. The Australian economy
Annual GDP growth – New South Wales
Source: ABS

7. The Australian economy
Annual GDP growth – Queensland
Source: ABS

8. The Australian economy
Annual GDP growth – Victoria
Source: ABS

9. The Australian economy
Annual GDP growth – Western Australia
Source: ABS

10. The Australian economy
Unemployment rate
Source: Thomson Reuters

11. The Australian economy
Employment by industry
Source: ABS

12. The Australian economy
The experts’ opinions
 “We expect 2015 to be a year of moderate gains as the
global economy grinds up a gear.”
Stewart Brentnall - Chief Investment Officer, ANZ Bank
 “We expect growth in the Australian economy to
gradually improve in the year ahead.”
Lindsay Maxsted - Chairman, Westpac
 “The unemployment rate is expected to remain
elevated, declining in 2015 when we anticipate GDP
growth to be picking up to an above-trend pace.”
Philip Lowe - Deputy Governor, Reserve Bank of Australia
 “We expect the unemployment rate to peak in H2 2014
before falling through 2015.”
Paul Bloxham - Chief Economist, HSBC

13.  Increasing business confidence throughout the year will equal greater candidate
confidence
 C-suite restructures are leading to increased hiring activity
 Businesses are generally positive about the outlook for 2015
 Job growth is expected to increase gradually throughout the year.
The Australian economy
Recruitment activity

14. Salary & Employment Forecast
Recruitment activity
Strength of current hiring activity
compared to the last 12 months
Expecting to increase headcount

15. Salary & Employment Forecast
Salary and remuneration
Salary increases over the next 12
months
Average percentage salary increase
over the next 12 months

16. Salary & Employment Forecast
Attraction and retention
Key reasons employees are likely to leaveEmployer expectations for staff
turnover in the next 12 months

17. Most popular options offered to support
employees’ work/life balance
Most popular tools for attraction
and retention
Salary & Employment Forecast
Attraction and retention

18. Continuing and emerging business trends
Trend From To
The shape of businesses Hierarchical De-layered
Business change Large business restructures Small to incremental change
Sourcing talent Local Global
Candidate motivators Money and status
Culture and strong Employee Value
Propositions (EVP)
The use of technology Limited and at times slow
Many new options with increased
speed of change
Employer branding Limited or no strategy Introduction of EVP
Diversity and inclusion Limited or no strategy
Structured programs to attract and
retain best talent

19. Spotlight: Gender diversity
Why focus on diversity?

20. Spotlight: Gender diversity
Why focus on diversity?

21. Spotlight: Gender diversity
Key diversity topics

22. Spotlight: Gender diversity
Positive results

23. Spotlight: Gender diversity
Challenges

24. Spotlight: Gender diversity
Review and action

25. Spotlight: Gender diversity
Review and action

26. Spotlight: Gender diversity
Male Champions of Change
 The Male Champions of Change was established
in April 2010 by Elizabeth Broderick, the
Sex Discrimination Commissioner
 The group comprises of 21 CEOs, department
heads and non-executive directors from across
business and federal government
 The goal of the group is to make a significant and
sustainable change to the low levels of women in
leadership in Australia
 Over the last two years they have shared ideas
with each other and focused on taking action
within their own businesses
 They have devised a 12 point plan to effect
gender diversity change.

27. Spotlight: Gender diversity
Male Champions of Change 12 point plan
Stepping up as leaders
1. It starts with us
2. Bring your top team with you
3. End the leadership lottery for women (Inclusive Leadership)
Creating accountability
4. Lead on gender reporting
5. Implement Plus One initiatives
6. Drive a supplier multiplier
Disrupting the status quo
7. Ask ‘50/50: if not, why not?’
8. Raise the bar on women’s careers
9. Mainstream flexibility
Dismantling barriers for carers
10. Get the basics right
11. Build environments where parents and carers thrive
12. Support an expansive review of caring, including childcare options

28. Summary
 Global economy is expected to grow in 2015
 Stronger growth in major developed economies will support growth in the ANZ region
 The transition of the economy to stronger non-mining demand will continue
 Non-mining investment has picked up speed over the last year
 Unemployment is expected to trend downwards
 Key emerging trends will be Employer Branding and Diversity & Inclusion
 The outlook for 2015 is positive.