Job prospects during the Australian recession

by Mark Benson on March 11, 2009

in Jobs in Australia, Money, Business and Finance


Employment in Oz

Employment in Oz

The Internet has many discussions on the current worldwide recession. Quite a few have discussed its effect on the Australian job market. In response, many have provided their two cents on the opportunities available in Australia in the midst of the current crisis.

A quick review of the online materials indicates that Australia has been successful in softening the impact of the recession on its economy.  This has provided much advice and input for many seeking jobs in Australia for the short to medium length of time.

Expats in Australia

Australia has become a haven for expats in the last decade because of a number of factors. Firstly, it has close ties to the United Kingdom and many European countries. Secondly, the economy is vibrant and on the upswing, which has lead many to invest in businesses in the country. These investments, in turn increase the demand for a skilled workforce that Australia locally is shorthanded. To fill in the demand, expats and immigrants have bee-lined to the country to fill those requirements. This is a clear indication that for a country that is quite far from the beaten path has for itself a burgeoning economy. The economy may be in a rough patch in the short term resulting in expats finding it difficult to find gainful and suitable employment.

The Australian employment market

One of the indicators for the supposed shrinking employment market in Australia is the smaller number of wanted ads in Australian dailies. A survey indicated that there are only half as many jobs advertised in 2009 compared to the same period in 2008. This may be just companies cutting down on advertising costs but some experts predict that the ongoing recession would still cast a long shadow on the Australian employment market.

Looking deeper at the numbers, the employment demand has fallen significantly across many of the states in Australia. The unemployment rate though in Australia has been at a manageable 4.3% but may increase to 4.6% further down the road. Online job demands too have decreased in the same period, but the decrease in Internet related jobs has been smaller compared to the actual physical job market in Australia.

Delays in immigration documentation

On a dour note, many online discussions have revolved around the delays in the issuance of visas to Australia. This fact plays a significant role for those seeking to be gainfully employed in Australia. The longer the processing for visas takes, the better it is for those seeking to enter Australia as it is forecasted that the economy will turn for the better. This may be wishful thinking but with how the economy is performing, the delay in visa issuance may prove to be a good thing for many seeking to be gainfully employed in Australia. Conversely, many immigrants are also opting to bide their time before moving to Australia, choosing to find permanent employment before taking the plunge.

Redundancy numbers on the increase

Redundancy is the process of removing employees whose functions can be performed by fellow employees, thus lowering the headcount of employees. It has also been discussed that there are a number of companies across many industries that employ this method to “shed the fat” from their organization. This is one clear consequence of the lowered demand brought about by the current worldwide economic downturn. The commentaries may be slanted against employers in Australia, this though has become prevalent much of the industrialized world. For some other companies, this is being used to downsize and realign their workforce to become more efficient and effective in its bottom line.

The IT industry

Many industries have experienced differing effects of the recession. Some industries, such as the food sector, has been relatively unscathed compared to the other higher end industries in Australia. As for the IT sector, it has remained stable albeit with some slowdown due to the lessened demand. It is forecasted though that the IT industry, compared to the others would be able to recover much more quickly as Australia continues its focus on broadband connection in the country.

One of the ways that the IT industry in Australia has been affected is through the many redundancy cases undertaken by IT companies. Soon enough, these redundant workers have been able to find employment less than twelve months after the company initiated dismissal. There is fierce competition for positions but there are many jobs available so long as they have a strong IT background and the suitable position can be found soon enough.

The future of Australia

Australia is still considered a utopia compared to other countries because of its rich culture, easy lifestyle and burgeoning economy. It must not be forgotten that the country is going through a difficult time as is the rest of the world . There is still hope as many factors indicate that there are jobs available in Australia for expats and immigrants. It may take more time to find them and it is predicted that this difficulty would increase in the short term as the recession continues to weaken the economy. Particularly mentioned is the IT sector, as it is viewed as the most stable and most established part of the economy. There are many rumors that fly about on the impact of multinational company employment decisions and its effect on the Australian economy still is being awaited with bated breath.

Conclusion

It is a foregone conclusion that the whole world is suffering under the weight of the current economic recession. The effects of the recession have been the lowered demand because of lesser economic activity that in turn affects the employment sector. The experts predict dire straits ahead for many countries including Australia. Many others downplay these doomsayers, saying that the Australian economy remains strong and there is still a demand for skilled workers, though it may be a bit more difficult to find. These pieces of information provide encouraging signs that the pall of the crisis will be lifted soon enough.

To say that the outlook for Australia in the short to medium tem is positive would be quite inaccurate. What is expected though is the strong rebound by the Australian economy, relying on the influx of skilled and expert immigrants to the country. This exodus will continue and there is no sign in the future that changes would be made on this policy.The Internet has many discussions on the current worldwide recession. Quite a few have discussed its effect on the Australian job market. In response, many have provided their two cents on the opportunities available in Australia in the midst of the current crisis.

A quick review of the online materials indicates that Australia has been successful in softening the impact of the recession on its economy.  This has provided much advice and input for many seeking jobs in Australia for the short to medium length of time.


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