Global recruitment consultancy Robert Walters this week launched its eleventh annual Global Salary Survey, with the year 2009 seen as two distinct halves in terms of recruitment trends.
The first half of the year saw many companies in Australia continue to implement the cost- cutting strategies that began in late 2008. A large number carried out redundancies and reduced employees’ remuneration packages in a bid to lessen the impact of the financial markets’ downturn on their bottom line. Some firms took the opportunity to hire top-tier professionals whilst their counterparts were downsizing, to upgrade the talent within their firm ahead of the anticipated economic recovery. In the second half of 2009, confidence began to return to the economy with many firms realising they had ‘cut too deep’ and were unable to operate businesses effectively on reduced levels of headcount.
“Whilst some firms will need to adopt aggressive recruitment strategies to cope with increased workloads as a result of the improved economic conditions, we expect that a large portion of the recruitment mandates received in the first half of 2010 will be a direct result of employee turnover as candidate confidence increases and professionals actively seek out new employment opportunities.”
“In 2010, organisations will need to ensure they focus on employee engagement, implement strong staff retention strategies and carefully consider pay increments and bonuses in order to attract and retain top-tier staff.” Nicholson concludes.
You can download a PDF of the 2010 Global Salary Suvey results from the Robert Walters site.