A couple of weeks ago Seek released their latest round of the Employment Index.
The SEEK Employment Index (EI) is a measure of the balance between demand and supply in the Australian labour market. In March the seasonally adjusted EI increased by 2.1 points to 102.3. On yearly basis, the index is 8.1 points higher than the same period last year. Since January 2007, the EI index has consistently been rising on an upward trend suggesting a continuous tightening of the labour market. On the basis of this evidence, Australian jobseekers will have witnessed higher hopes of employment through less competition for available positions.
Over the last 3 months the index has risen from 98.1 to 102.3 with strong growth in Northern Territory, Western Australia and Queensland. South Australia, Tasmania and ACT have had declines with NSW and Victoria climbing in the right direction.
Top 5 most competitive jobs
|Call Centre||Call Centre Operator|
|Hospitality & Tourism||Airlines|
|Hospitality & Tourism||Housekeeping|
If you work in one of the above occupations you will need to work very hard to stand out from the crowd.
5 occupations in most demand
|Healthcare & Medical||Radiology/Sonography|
|Real Estate & Property||Valuation|
If you are in the above group, approached carefully, with the right skills you have a much better chance than average in getting a job. You might also find salaries increasing and extra bonuses are on offer.
Annualised Seek’s research says that there are 40% more new job ads than March 2006 a good sign. A side note Recruit.net’s measure of job ads year over year shows just a 19.5% increase less than half that of Seek’s, either way we have had a large increase in jobs ads.
What is interesting is how this research compares to the ABS labour figures showing a 2.8% growth in employment over the last year. My read is that business confidence must be running very high as the demand for labour is definitely out striping supply. Or is it that we have the wrong skills in Australia?