WE HELP YOU LOOK AND SOUND BETTER
Home
Who We Are
What We Do
What People Say
In the News
Recent Releases
Olivier
Inspiritive
Podcasts
Corporate Podcasts
Podcast Classes
NetCastNow & NetCastFast!
Images & Branding
Corporate pages
Student pages
ZENLP
Contact Us
|
The Olivier Internet Job Index provides a timely and fascinating monthly snapshot of the real economy. The research into what jobs are advertised on the net shows where the economy is strongest, by sector and state. An increasing number of commentators and economists are giving weight to internet stats and abandoning the newspaper ads as an employment indicator. John Edwards is quoted in this Shortlist article for example. The very detailed full analysis is to be found on the Olivier site, along with archived material. Robert Olivier is frequently interviewed by the media. Here he is on Sky News. Debt Market Woes Hit Jobs Sydney, Sunday October 7, 2007. The Olivier Internet Job Index rose 3.25% (seasonally adjusted) in September although there was volatility in some sectors. Most notably Banking and Financial Services pulled the plug on recruiting in the month, primarily a direct result of the US sub prime issue, and rising interest rates . Banking job ads on the internet declined 10.50% while Financial Services were down 4.27%. “Banks are getting more cautious, and you can add to that the RAMS Home Loans situation,” Robert Olivier says. The Internet Job Index tracked an 11% decline in retail banking and mortgage lending jobs in September. The Financial Services sector, which includes private equity firms and corporate advisors was hit hard with a 9% fall in Investment Banking/Corporate Finance job advertisements. Accounting job ads fell 4.32% in the month and Legal job ads were also down (by 3.6%). This may be a flow on from the banking sector’s woes, as big ticket transactions slow down. “A credit squeeze could have a further knock on effect on jobs generally,” Robert Olivier says. Also down in September were Insurance (-2.84%), and Healthcare (-1.87%). 13 of the 21 sectors surveyed grew this month with Multimedia Internet and Graphics topping the list at a whopping 15.45% increase. IT is up 1.07%. The other big surge was in Trades and Services where job ads jumped 10.02% in the month. Hospitality and Tourism jobs don’t appear to be suffering from the strong Australian dollar; they’re up 5.57% in the month. “The inevitable Federal election is getting closer, but there seems to be no nervousness among employers yet,” Robert Olivier says. On a state by state basis, there was growth across the board except for NSW whose share of total job ads fell from 36.1% of the national total to 34.5%. Most of the fall in Banking sector jobs was in NSW, contributing to its lacklustre result in September. Also this month, Robert Olivier warns that changes to the way 457 visas are administered will make the skills shortage tougher. The new Immigration Department regulations mean that recruitment firms will be severely constrained in applying for 457 visas on behalf of employers, dramatically limiting their ability to bring in much needed skilled workers from overseas. Industry body RCSA (Recruitment and Consulting Services Association) says the new laws are onerous and unworkable for the industry. “As employment researchers we’re concerned about the serious skills shortage Australia faces”, Robert Olivier says. “The sectors which rely most on 457 visas are IT, Engineering and Mining, Healthcare, and Trades and Services. They’ve all experienced significant growth over the past year. Demand is outstripping supply, and employers have to look overseas. But most of them aren’t equipped to recruit internationally, so they put it in the hands of a recruiter. Now the Immigration Department is telling them to do it themselves. “One impact will be on local job seekers in those sectors. They’ve had it pretty good for a while, now they’ll have a field day.” Robert Olivier is a Director of Olivier Group. The Olivier Internet Job Index surveyed 379,684 Positions Vacant ads on commercial job sites in September and analysed them by state and industry sector. Robert Olivier is available for interview, and the microeconomic data including graphs of the industry sectors surveyed in the Olivier Internet Job Index will be available on Monday October 8 on www.olivier.com.au Unless otherwise noted, all IJI figures quoted are seasonally adjusted, based on ABS advice. Released by Corporate Communications and Counsel. www.corpcoms.com Contact Bob Hughes 0407 901 587 or Katherine Scott 0415 764 159. Olivier Group, Level 9, 28 Margaret St, Sydney 2000. 9262 5344 Historical Releases: September 2007 Release August 2007 Release July 2007 Release June 2007 Release April 2007 Release March 2007 Release February 2007 Release January 2007 Release December 2006 Release November 2006 Release October 2006 Release September 2006 Release August 2006 Release |