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In today’s fast-paced and global economy CFO’s are tasked with more than ever before, and often called upon to act as an internal business partner and advisor in many business disciplines far outside of the traditional bounds of finance and cash management. One of these emerging focal points for CFOs is total talent management.
Globalization, aging workers, and the rapidly growing flexible workforce are forcing many companies to reevaluate their workforce planning strategies. Many are developing new talent acquisition and management capabilities as a result. One such innovation is building an alumni talent community.
The Australian Bureau of Statistics estimates that there are now 1 million Independent Contractors[1], representing 10 percent of the total workforce in Australia. It’s a significant, growing sector and one in which the IT profession figures strongly. The decision to become a white collar contractor (referred to as Independent Professional or IPro by Entity Solutions) can be exciting and scary. Exciting because of the appeal of becoming your own boss – work for a living and do not live to work, work when you want, where you want and for whom you want. Scary because there is no financial safety net or guaranteed monthly pay packet.
The Federal Budget 2015 was revealed Tuesday 12 May, and contained some key announcements in relation to Australia’s migration program and visa holders in Australia. The Minister for Immigration and Citizenship, Mr Peter Dutton, announced that the government’s decisions on immigration seek to benefit Australia by balancing its economic, social, and humanitarian responsibilities.
Healthcare and social assistance services are set to account for more employment growth in Australia than any other sector in the next 5 years, according to the 2015 Employment Projections report issued by the Department of Employment.
Throughout the mining boom, there was much talk about Australia’s two-speed economy. The idea that one portion of the economy was thriving while another declined was hard to deny, especially when, in 2012, the Australian Bureau of Statistics pointed out that sales growth across our mining states was five times that of the rest of Australia.
Hiring intentions are at a 3 year high in the first quarter of 2015, with employers expecting to increase both their permanent and contract headcounts, according to this quarter’s Hudson Report: Employment Trends. The quarterly report released by global recruiting firm Hudson sheds light on the current landscape of the Australian workforce and provides renewed optimism for those seeking new employment opportunities in 2015.
New research from recruitment company DFP Recruitment indicates that while the number of advertised jobs in the mining and resources sector has seen a decline in the past 12 months, opportunities for contingent workers have been significantly better. The DFP Mining and Resources Job Index examines hiring trends on a state, subsector and functional basis.
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