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Executive job creation in Australia has slowed right down - with the IT sector dropping into negative territory - since the beginning of the pandemic, but things are “not that bad and certainly not as woeful” as it is for skilled and semi-skilled workers, according to executive search firm EL Consult.
Australian executive employment has had its equal biggest fall in 12 months as banks continue to block business lending and economic growth sputters - but despite the plunge across other sectors, the IT sector was a “standout winner” for the month, following on from two months of sizeable falls, according to a new employment report.
Changes to bank lending rules by “commercially inept” government regulators is killing Australia’s engine room - the small business sector - according to the chief of recruitment firm EL Consult.
Demand for executives in the ICT sector in July dropped 3%, unable to continue from its small gain of the previous month, as executive employment across all business and industry sectors plunged for the sixth month in a row.
The Information and Communications Technology sector was the only industry sector showing a positive result in June for executive employment demand, according to the latest index from recruitment firm EL Consult.
The ICT sector has led the way for all other business and industry sectors in March, with executive job demand rising by 4% following a big increase of 26% in February.
The employment outlook for senior executives in the IT sector remains uncertain as the 2016 business year gets into stride.
The ICT industry was not spared when executive employment demand plunged to a new low in October, with losses in every business sector and most of the big states.
National demand for ICT executives has risen for the first time in July after three consecutive monthly losses.
The outlook is bleak for the IT sector, with demand for executives falling two months in a row as the national economy struggles to gain traction.
The demand for executive rose modestly in July in most industry sectors, but the IT industry missed out, recording an 18% retraction, according to the latest executive employment index.
The ICT sector has easily outstripped every other business and industry sector in the executive job stakes, with employment demand for execs in the sector up a whopping 70% last month. Demand for executives across all other sectors was also relatively buoyant, increasing by 24%.
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