CAT | OZ Research

Australia has emerged virtually unscathed from the global economic downturn, yet companies are now holding off on hiring and projects. CLICK HERE to read more ….

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THE domestic banking sector may be one of the strongest in the world, but its bankers are doing it tougher than many of their peers.

Jobs in the financial services industry slumped 37 per cent in the second quarter compared with a year earlier, according to the quarterly review of opportunities across 23 sectors by eFinancialCareers.

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THE IT sector has seen a rise of new job titles that did not exist 24 months ago such as cloud solution architects, big data analysts and mobility specialists, according to a study.

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Job advertisements in newspapers and on the internet in Australia rose 3.3% in February, a second successive month of gains. This is according to a report from the Australia and New Zealand Banking Group.

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Finance directors are optimistic about growth and the Australian economy in 2012 despite the gloomy global backdrop, a new survey has found.

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ALMOST three-quarters of finance and information technology workers say racism exists in Australian hiring practices, a survey shows.

The survey of 895 workers, which was conducted by Balance Recruitment in December last year, also found that 30 per cent of people in the IT and finance sectors had first-hand experiences of racism.

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There are warnings that Australia is on the verge of a white-collar recession, with thousands of jobs at risk in the finance sector.

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23 December 2011 – Normal hours

24  December 2011 –2 January 2012 - All Offices Closed

3  January 2012 –  London Office reopens

4 January 2012 – Auckland & Wellington (Incl Australia) Offices reopen

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As the end of December looms, many people start thinking about jobs. Employees contemplate getting a new one as part of their New Year’s resolutions while employers consider the merits of hiring more staff. Either way, each thought process is likely to contain two particular words: recruitment agencies.

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Australia bypassed the worst of the global financial crisis, which has meant its effect on the Australian Employment Placement Services industry has been mild compared with its international counterparts. Australia’s rise in unemployment was relatively small in 2008-09 and 2009-10, and quickly began to reverse in subsequent years, with demand for employment placement services rebounding strongly in 2010-11, and this is expected to continue in 2011-12.

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