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Australian businesses are set to face tougher times in the next 12 months, with surging job figures
Topic Started: 13 Sep 2014, 08:04 PM (1,233 Views)
Black Panther
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Australian businesses are set to face tougher times in the next 12 months, with surging job figures set to drive up costs.

Australian jobs rose by a staggering 121,000 to 11.7 million in August, the largest monthly increase since records began in 1978, according to figures released this week from the Australian Bureau of Statistics.

Combine this with current workplace trends of a candidate short market, businesses are more than likely to feel the pinch, Hays regional director Nick Murphy said.

“Every month and over the last three months it’s getting more job rich and more candidate short, which is a positive sign for the job market,” he said.

“Two years prior it’s actually been pretty tough. People have been fearful of moving jobs and taking risks, it’s reached a tipping point. We’re finding it’s harder to get candidates, the market is definitely turning.

“It’s good if you’re a candidate but not so good if you’re an employer,” he said, adding the trend could drive up salaries.”

Coca Cola Amatil, Coles and Arnotts each made changes to head count and internal recruitment practices in the past month as part of cost saving measures.

Last week, Coca-Cola Amatil revealed to Fairfax Media it will introduce pay freezes and slash pay, for new staff, for hundreds of workers in its Victorian warehouses.

Earlier this month, Coles announced plans to axe more than 400 Melbourne jobs, while Arnotts will cut 120 jobs from its South Australian bakery.

“I think employers are doing more with less. There is still a pressure to manage costs,” Mr Murphy said.

“Unless you’re in a high demand role the average salary is forecast for less than 3 percent in Australia because of cost pressures and given the job market is more buoyant, employers are still really unlikely to be giving massive pay increase.”

Despite the doomy outlook for employers, he said a number of companies are exploring alternatives to cutting headcount such as reducing working hours, offering flexible hours and offering the option to work from home, he said.

http://finance.ninemsn.com.au/newsbusiness/8905361/job-rate-a-burden-on-business
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Gossamer
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44th most prolific poster on APF

If you want part time, casual work with irregular work hours and being underutilised then it is boom times ahead for you.
Common sense is a curse - those who have it need to suffer dealing with those who don't have it.

APF idiot list
Nelson
Black Panther
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Steve99
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Think this rise is new accounting procedures. Just happens to coincide with new and slacker criteria for getting a 457 visa
coincidence? :bl:
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Sober
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Black Panther
13 Sep 2014, 08:04 PM
Australian businesses are set to face tougher times in the next 12 months, with surging job figures set to drive up costs.

...

Despite the doomy outlook for employers, he said a number of companies are exploring alternatives to cutting headcount such as reducing working hours, offering flexible hours and offering the option to work from home, he said.

http://finance.ninemsn.com.au/newsbusiness/8905361/job-rate-a-burden-on-business
I must say bull economics is getting whackier and whackier by the day...

Now an increase in gainfully employed consumers is going to cause "tough times" for businesses? Seems like the "lump of labour" fallacy on the loony left has an idiot cousin, a "lump of production" fallacy equivalent on the loony right.

But I'm not at all surprised that BP was the one to bring this fascinating if ridiculous premise to our attention.

:lol :lol :lol
Edited by Sober, 13 Sep 2014, 08:42 PM.
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Black Panther
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Sober
13 Sep 2014, 08:40 PM
I must say bull economics is getting whackier and whackier by the day...

Now an increase in gainfully employed consumers is going to cause "tough times" for businesses? Seems like the "lump of labour" fallacy on the loony left has an idiot cousin, a "lump of production" fallacy equivalent on the loony right.

But I'm not at all surprised that BP was the one to bring this fascinating if ridiculous premise to our attention.

:lol :lol :lol
Fallen off the wagon again Sober. Keep trying. :wak:
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Sober
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Black Panther
13 Sep 2014, 08:04 PM
Australian businesses are set to face tougher times in the next 12 months, with surging job figures set to drive up costs.

So just how does increased employment cause "Australian businesses [to be] set to face tougher times in the next 12 months", BP?

Surely you have a cogent explanation???

:lol :lol :lol
Edited by Sober, 13 Sep 2014, 10:14 PM.
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Chris
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Sober
13 Sep 2014, 10:14 PM
So just how does increased employment cause "Australian businesses [to be] set to face tougher times in the next 12 months", BP?

Surely you have a cogent explanation???

:lol :lol :lol
BP doesn't seem to have an answer for anything, he cherry picks articles and opinions from anywhere and everywhere and posts them. I guess we are then to form a correlation between the article and his own perspective/ point of view without him having offered any.

Fuck he's good at cut and paste though!!!
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Lef-tee
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No, it doesn't make much sense and really just seems to be an attempt to justify attacks on wages and conditions.

Slashing labour costs might save an individual firm money but if the cuts are made broadly across the economy, the population's power to consume would end up being negatively impacted, ultimately nullifying gains made by cutting workers wages. Unless the industry is trade-exposed - slashing labour costs probably would help Australian mining company operations become more competitive.
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goldbug
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Wages double every 10 years, and their not making any more employees any more so get on the employer ladder now before it's too late!
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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All I saw in your article bp was massive jobs cuts and wages freezes. Can you tell me the last time coca cola had a wage freeze ?

Well ?

Its finished over there bp, sell up before its too late and start learning how to really invest your money, not pretend too.
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