Responding to press reports of dire predictions for executive employment in the coming months, Morton Philips Managing Partner Phil Morton has added some observations on the state of the market in South Australia.
“Traditionally, we often see SA have lower peaks and shallower troughs than nationally; we tend to be more stable. With most economists predicting a slowdown rather than a sudden dent in the economy, it means that employers will have to take extra pains to retain their best performers and those with the most potential. Lately, we have seen a tendency for more candidate mobility and a slowdown can cause a ‘musical chairs’ effect – you are stuck with what you have when the music stops and every candidate becomes move-shy and risk averse.”
Media speculation is based around a Dun & Bradstreet Business Expectations Survey that suggests that employment expectations are at their lowest for 17 years.
“The high price of fuel and a return to moderate interest rates after a period of very low rates has painted a picture that makes the average executive candidate nervous, so successful recruiting may become a longer process; but a robust quality process and persistence will still result in a quality hire that adds real value to a business”.
“A slower process and candidates being more measured and thoughtful is not entirely a bad result for long term outcomes.
