SEEK Employment Trends Australia: finishing 2014 on a high note
It’s the most wonderful time of the year. Or so the song goes. Those of us in the recruitment business know that the holiday season can be a typically quiet time; job vacancies slow as businesses shut down, allowing employees precious time with their families, while candidates also head to the beach with any thought of their jobs taking a back burner for a couple of weeks.
However, SEEK’s latest Employment Report update has shown that this may not be the case this year. The local labour market is set to finish the year in better shape than 2013 after year-on-year new job ad growth of 8% was recorded in November.
The best news for hirers though is that the SEEK Employment Index, which measures the ratio of new job ads listed on SEEK applications received, decreased 4.3% from the year before. This means that even though jobs have risen year-on-year, so too have applications for those roles.
In a sign of increasing candidate confidence, Australians are applying for jobs faster than they are being advertised, resulting in a more competitive environment for those on the job hunt. In even better news, we usually see an upsurge in applications in the New Year as candidates return to the office, keen as punch to action career-focused resolutions. We don’t expect 2015 to be any different. Typically, applications hit a high around March, once the year is back in full swing and people have had a bit of time to reassess their current situation.
As employers and recruiters, you should have the pick of the bunch when it comes to filling roles, so keep an eye out for the top talent coming through in applications and make sure you snap them up before someone else does.