The Manpower Employment Outlook Survey, released March 10, indicates a continued decline in employment prospects for job seekers in the manufacturing sector, as employers intentions to hire new employees declines.
The survey of 2,779 employers across Australia revealed that the majority of employers in this sector are intending to hold the line on their employee levels for the next quarter.
The manufacturing sector faces a struggling labour market in the April — June quarter of 2009, with a Net Employment Outlook of -9%, a moderate decline of eight percentage points quarter-over-quarter, however, year-over-year this has declined by a steep 34 percentage points.
“The continuation of the current economic challenges is reflected in a downward trend in hiring intentions since the second quarter of 2008,” said Lincoln Crawley, Managing Director, Manpower Australia and New Zealand.
“However the majority of employers will make no reductions to their current headcount, supporting our prediction of a ‘wait and see’ approach from last quarter.”
The Manpower Employment Outlook Survey also revealed there has been a widespread decrease in hiring intentions in all States, except the Northern Territory where employers are predicting a steady level of growth in the coming quarter with a Net Employment Outlook of +14%.
“The Net Employment Outlook is the weakest it has been since the survey began in the third quarter of 2003, in Australia. However, an increasing number of employers are holding steady with their current headcount as they attempt to ride out the global economic downturn.
“There seems to be an increased awareness that even though times are tough, employers should not act hastily but rather balance short and, long-term by preparing themselves for when the economy recovers.
“To achieve this they need to have retained talent or, through a flexible workforce approach, have access to the right skills at the right time,” said Crawley.
For a copy of the survey go to www.manpower.com.au/documents/Q2-09AUS-MEOS.pdf.