We are predicting that businesses finding and keeping good staff will start to get a little harder next year.
The NAB released a report today stating that they think the strength in the economy will still be enough for the unemployment rate to decline further from the 5.0% reached in September/October – a 6-year low.
This makes the pool of unemployed candidates smaller, resulting in companies having to seduce new hires from other companies. Job board advertising response will decrease as less active job seekers hit the market.

The NAB’s recent data have largely confirmed that spare capacity is falling and that wage growth is beginning to moderately lift.
We expect that higher wages is going to be the main carrot to seduce people from jobs in the short term. Employers not paying attention to the current market rates for wages will be the first affected by staff leaving their jobs. Based on past experience, we expect that the employees on less than $60,000 and those in the trades and manufacturing industry will be the most transient.

#leadership #business #entrepreneur #motivation #australia #success #marketing #inspiration #mindset #sydney #melbourne #love #coach #startup #womeninbusiness #smallbusiness #fitness #businessowner #ceo #personaldevelopment #brisbane #management #goldcoast #innovation #work #mentor #lifestyle #goals #performance #adelaide http://ow.ly/i/JzCSQ