CONSTRUCTION JOBS BOOST OUTLOOK

CONSTRUCTION JOBS BOOST OUTLOOK

EMPLOYERS in the construction industry plan to boost their headcount whereas hiring in engineering and financial services will fall flat, according to Michael Page.

Findings from the recruiter's 2015/16 Australia Salary and Employment Outlook show hiring levels have been average, but are expected to improve in 2016.

Despite overall positive industry confidence, only 34 per cent of employers surveyed are expecting to hire over the next 12 months.

Michael Page Australia managing director Simon Meyer says the overall trend shows little growth, however there is some variation between sectors.

"Property and construction organisations are hiring aggressively, likewise hiring around infrastructure or anything project oriented," Meyer says.

"However some sectors, such as engineering and financial services, are currently very flat."

Employment opportunities in Queensland and Western Australia continue to develop, while the market in Victoria has settled down following changes in the automotive sector. Employers in New South Wales are enjoying a boom.

A strong company culture is the most popular incentive to attract new talent, as used by 65 per cent of employers with 58 per cent using the same strategy to retain staff.

Financial rewards also top the list, with 71 per cent of employers planning to award staff with a salary increase and 49 per cent with a bonus.

"We continue to see companies tackling the challenges of diversity and flexibility in the work environment very aggressively and companies are offering more on that front than they have ever offered before as a way to keep their best people," Meyer says.

"It would very dangerous for organisations not to review their attraction and retention methods in 2015, if they haven't already."

"Attracting and retaining good quality employees is not just about money anymore."

Enjoyed this article?

Don't miss out on the knowledge and insights to be gained from our daily news and features.

Subscribe today to unlock unlimited access to in-depth business coverage, expert analysis, and exclusive content across all devices.

Support independent journalism and stay informed with stories that matter to you.

Subscribe now and get 50% off your first year!

Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

Valuations hit $5.8 billion for Australian crowdfunded startups

Valuations hit $5.8 billion for Australian crowdfunded startups

The latest crowd-sourced funding (CSF) report released by market le...

Zip Co raising up to $267 million to pay down debt

Zip Co raising up to $267 million to pay down debt

With shares in buy-now pay-later giant Zip Co (ASX: ZIP) now tradin...

Former IPO hopeful Limepay acquired by Spenda at a fraction of the $43.5m invested

Former IPO hopeful Limepay acquired by Spenda at a fraction of the $43.5m invested

White-label buy-now pay-later (BNPL) company Limepay may have ...

Melbourne construction safety software group HammerTech receives $105m investment for growth

Melbourne construction safety software group HammerTech receives $105m investment for growth

HammerTech, a Melbourne-headquartered safety intelligence software ...