Just had to share with you our latest Market Update that we revealed at the national AHRI conference held in Melbourne last month – read on HR professionals…..
Despite the official unemployment rates being at a 12-year high of 6.4% (Australian Bureau of Statistics, August 7 2014) Profiler Recruitment continues to flex with our clients and candidates to meet organisational requirements and professional individual goals.
IBIS had commented a while back that not till 2017 would we see an increase in jobs after the flattening of the economy, restructures and a reduction of salaries and number of new jobs.
Our clients and candidates are always interested in Profiler Recruitment’s insight on the HR market, trends and opportunities. After working in HR Recruitment for 9 years we have experienced many shifts and this is a current market update.
A year ago HR Generalists were in demand; if you could cover the spectrum of HR skills from ER, Recruitment, L&D to performance management then as a generalist you could hit the ground running. In 2014 clients assume that HR generalist skills are a given, and that you bring to the business even more – a specialist skill. Clients are looking for value for money in their appointments. So the greater range and depth of HR experience you can demonstrate the more valuable you are – and the real bonus is a specialist skill.film Despicable Me 3
If you can have a ‘focus’ in your tool kit then the top three picks of specialist skills, based on roles briefed to Profiler Recruitment in 2014, are:
- Learning and Development
- Organisational Development
- Industrial Relations
The job market is competitive especially at the Senior Level. Roles @ $150k + are not as prevalent as employees at that level understand that moving to a new role is risky in uncertain economic times. To match their current high salary may not be achievable in a new organisation, so many employees are settling in and waiting. As a result there’s little movement at the top end. Feedback from the HR market is that salaries offered for similar roles widely vary across not just sector, but from client to client within the sector. There seems to be no consistency. This is a sign of the times as organisations change structures of teams to meet economic constraints.
What is consistent across every sector though is the need for the role of HR Business Partner. Profiler Recruitment has seen a surge in 2014 for this type of HR role. HR Business Partners are required to work in the business with Line Managers to support and coach the business in line with HR strategies. Clients tend to look for strong HR Generalists with strengths in ER, coaching and performance management. The salary ranges from packages of $80k to $120k including super. Industry sectors that continue to generate steady work opportunities are Health, Utilities and Not For Profit. We are starting to see the Sydney market reawaken with more activity than the southern states. An analysis of the HR roles filled by Profiler Recruitment in 2014 reflect an exact 50% split across permanent and contracting. What has changed in the last 12 months is a significant decrease in salary packages offered. Clients are also taking their time to make decisions in relation to permanent placements as they know the candidate pool is large. This has a flow on effect on managing the recruitment process and candidates expectations and experiences.
Lynne Payne is the Founder and Director of Profiler Recruitment. Established in 2005, Profiler Recruitment is a national organization providing specialist recruitment services across HR, Sales and Marketing and IT. Passionate about Getting People Noticed by great employers is what makes Profiler Recruitment different.