There has been a shift for us this past week to 10 days in that our temporary practice, while chugging along has shifted gear, not quite into overdrive but the need for temporary assistance has definitely taken a turn and is on an upward trajectory. Having said this are still experiencing strength in permanent activity but our temp area has been quite flat by comparison for some time, making this change all the more noticeable.
With all the turbulence in global markets (just in case you need reminding again); US/China trade war, Brexit, Hong Kong dramas and this yield/price inversion anomaly, basically events completely out of our control, anxiousness on global markets played out on the share market during the week, with a much anticipated correction on the horizon. I ask myself is this shift in gear for temp at our own micro level, a direct reflection of what is shifting in the market? I don’t have a definitive answer, so time will tell. The unemployment rate has been stuck at 5.2% for four months in a row, wages growth at an all-time low with the latest official stats showing the gender pay gap at 14%, meaning that men on average earn $241.50 more per week than women (Thanks to The Squiz for some of these stats).
The recruitment sector can be an early indicator pointing to shifts in the employment market. Should this upswing in demand for temp staff herald a shift away from a strong perm market, then temp and contract is set to grow. Recruiters in Victoria wanting to continue to provide temporary services will need to be licenced very soon. So, making sure that as a Professional Temp or an organisation shifting to factor in a temporary workforce, will need to ensure that they are aligned with fully licenced providers by 2020. Rusher Rogers are already a considerable way down this path, on target to be fully licenced once the Victorian Labour Hire Authority completes the necessary checks and balances and begins awarding licences. This is expected to happen late 2019, early 2020.
We will be monitoring a potential change in the market to ensure that this recruiter at least, is ready for a shift in demand to a temporary workforce. Watch this space
Current Permanent Roles:
- Financial Counsellors
- Program Manager – Family Violence
- Service & Training Specialist
- Family Violence Team Leader – Hastings
- Orange Door (Support & Safety Hub) Practitioner
- Client Services Consultant
Current Temp Roles:
- EA to CEO
- Document Controller
- Fleet Coordinator
- People and Culture Business Partner
- General Registration
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