Issue link: https://insights.randstadsourceright.com/i/766044
TALENT MANAGEMENT ROBOTICS Ro TALENT FLEXIBILITY Tf ARTIFICIAL INTELLIGENCE WORKFORCE STRATEGIES Ws TALENT INNOVATION Ti RESOURCING STRATEGIES Rs RECRUITMENT R CONTINGENT WORKFORCE Cw WORKFORCE MANAGEMENT Wm WORKFORCE MANAGEMENT Wm MANAGED SERVICES PROGRAM MsP CONTINGENT TALENT Ct CANDIDATE EXPERIENCE Ce AUTOMATION Au GIG WORKERS Gw TECHNOLOGY TOOLKIT Tt TECHNOLOGY TOOLKIT Tt CAREER TRANSITION SERVICES CtS STATEMENT OF WORK SoW SUPPLIER MANAGEMENT Sm VENDOR MANAGEMENT SYSTEM VmS HUMAN INTELLIGENCE Hi PREDICTIVE ANALYTICS Pa EMPLOYER VALUE PROPOSITION EvP TALENT CONSULTANCY Tc www.randstadsourceright.com talent intelligence outlook: Australia facts Australians expect strong hiring on a bullish outlook for business growth In Randstad Sourceright's recent survey, 100% of Australian human capital leaders reported strong business growth for their organization, and that has led to a very bullish outlook on hiring in the near future. It should come as no surprise because the market here has now recorded 100 straight quarters of expansion without a recession, further demonstrating the resiliency of the Australian economy. As a result, demand for talent will remain strong into 2017. This has led employers to become more resourceful in acquiring and deploying talent, with 34% expecting to shift more roles to contingent status in the next 12 months in hopes of addressing business needs. This is in addition to 64% of respondents who say that 20%-40% of their current workforce is flexible. Companies here are also keen to adopt an integrated talent model. Three-quarters see the potential and plan to adopt the approach in the next 12 months. The No. 1 reason is to create hiring efficiencies, followed by the need to build a stronger employer brand, achieve savings and ensure their workforce is ready for the future. Three takeaways • Australia's long-running economic growth will exert greater pressure on talent demand and increase competition for hard-to-find skill sets. • Strongest hiring in the past 12 months was in the following functions: IT/technical, sales, customer service, HR and talent acquisition. • All respondents whose organisations have implemented an integrated talent model were satisfied with their decision; 86% were either extremely or very satisfied, and the remaining were somewhat satisfied. Australian human capital leaders remain optimistic about the road ahead but are more tempered OUTLOOK FOR BUSINESS GROWTH IN THE NEXT 12 MONTHS PROJECTED HIRING FOR THE NEXT 12 MONTHS 30% 52% 50% Hiring is picking up after a strong previous 12 months Will hire extensively to keep up with growth and stay ahead of the competition Will hire extensively to keep up with anticipated growth Will hire for a few strategic positions 69% 27% 4% Will grow significantly or at least slightly Remain the same Decline slightly or significantly