Some serious news on effective Covid-19 vaccinations helped push up Australian executive employment opportunities this month by 13%, according to Grant Montgomery, managing director of executive search firm, E.L Consult.
The rapid rise in the employment of executives over the last 3 months has paused, falling by 2% in October compared to the prior month, in a reflection of the “uncertain times”, and with hiring of executives in the Information Technology sector falling into negative territory for the month, according to executive search 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.
Executive employment in Australia is in a “golden age”, according to one search firm which reveals an increase of 15% in demand for executives in August – with IT executive demand second only to the management sector.
Demand for executives in the ICT sector plummeted in October for the third consecutive month in contrast to the continuing trend in other sectors of the Australian economy where demand rose by 9% nationally.
The rising and falling demand for executives in the ICT sector continues, with demand in August falling sharply by 10% after two consecutive months of increases, according to the latest demand index from EL Consult.
The federal election is barely underway but is already putting a dampener on business demand for executives - including in ICT - with many businesses now holding back on taking on new employees, according to the employment demand index from EL Consult.
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.
Employment prospects for executives in the IT industry are not looking good, with the sector the worst performer of all in June, according to the latest EL Consult Executive Demand Index.
Executive job vacancies have risen every month since the start of this year despite Australia’s fragile economic situation. Demand for executive in April in the IT sector paused slightly after recent gains.
The IT sector has failed to maintain large gains in job opportunities for executives recorded in August, with a drop of 27% in September off a small base.
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 volatility which characterised senior executive employment in the IT sector last year has started to return, according to the last executive demand report. The emerging signs of volatility come just as employment prospects across all business and industry sectors for Australia’s executives are looking somewhat brighter.
There is continuing weak job demand for executives in the technology sector, although signs are emerging of an upward trend in executive employment prospects across all industry sectors despite a fall in demand last month.
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%.
Uncertainty about taxation changes as the Federal budget deficit continues to balloon is affecting the Australian executive job market, according to figures released today.
A second month of gains in executive employment in March indicates that market growth is continuing to stabilise, according to a new report.
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