Sunday, January 31, 2010

Australian Growth in Job Ads slow in January however Market Experts still Quietly Confident for 2010

Australian job ads on the internet and in newspapers decreased by 8.1% in January, after growing 4.6% in December and 5.2% in November. January’s softening growth still represents an increase of 7.1% from the cyclical low in July 2009.

2010 started with positive sentiments following 137,200 jobs being added to the labour market in the last four months of 2009. Whilst January shows a decline on December growth, economists are confident that growth will continue throughout the first half of 2010 albeit at a somewhat slower pace than first predicted.

Interestingly 30% of all jobs are now part-time indicating spare capacity amongst employees who perhaps would like to increase their hours worked. This in part can be attributed to organisations who cut hours rather than jobs throughout the 2009 slow down.

Whilst national unemployment was predicted to increase to 7%-8% less than a year ago, the job growth in quarter 4, 2009 combined with January’s most recent release means economists have revised forecasts to a high of around 5.8% at some point throughout the year (currently 5.5%). This is not only impacted by the growth of jobs but also an increase in the number of new entrants to the labour market, growing by 29,000 a month.

Click here to read the full Media Release

Friday, January 29, 2010

Turn Stress into Strength in your Workplace

Without a doubt chronic and life altering stress exists in every workplace however for many organisations it seems to be an invisible elephant in the room. Everyone knows it exists and is significantly increased by the workplace. Everyone knows it impacts productivity, but few take responsibility and implement actions or initiatives to relieve the outcomes until breaking point kicks in.....

Chronic stress is a killer. It causes or aggravates high blood pressure, diabetes, depression and addictions, and immune suppression. It's implicated in infertility in women, sleeplessness, gastro-intestinal problems, slower wound repair and memory loss.

Health Canada found that stress caused by conflict in work or family costs Canadian businesses an estimated $3.5 billion each year in absenteeism. It put the cost of mental health problems, where stress is sometimes a factor, at $35 billion a year.

In the U.K., the government's Health and Safety Executive describes stress as the No. 1 cause of lost time at work, responsible for 13 million lost workdays in 2005.

The American Institute of Stress estimates the cost of work-related stress to the U.S. economy – loss of productivity, absenteeism, accidents, employee turnover, medical bills and insurance costs – at $300 billion annually.

The Whitehall studies, led by Sir Michael Marmot, professor of epidemiology and public health at University College, London. examined almost 30,000 British civil servants over more than three decades. They found what they called the "social gradient": The lower an employee was in the work hierarchy, the higher the rate of heart disease, mental illness, chronic lung disease, gastrointestinal disease, suicide, depression and back pain.

In the wake of 2009, a time where jobs were shed and roles became engulfed with additional responsibilities, many frontline workers have been stretched to maximum capacity, to deliver more with less. 2010 provides an opportunity to place fresh eyes over your organisation and the way your people are working.


1. Demonstrating sincere concern for your people and the level of stress that has been endured is the first step to relieving stress. Many people firstly want to be appreciated for their efforts.

2. Critically assessing department and individuals role and responsibilities to ensure you have the right people doing the right things is a powerful way of creating some freedom in the workplace.

3. Focus on outcomes and contribution rather than hours and tasks.

4. Walk the talk – implement processes or strategies to help them manage or eliminate stress in the workplace. Simple things like flexible work practises or monthly RDO’s can help relieve the pressure of trying to manage both work and home life.

5. Education – For most, stress will always be a part of life. Education around time and energy management, diet and fitness can help provide tools that can broaden a person’s capacity or tolerance for situations. Here the focus is on turning what would ordinarily be seen as a stressful situation into something taken in one’s stride.


Ask yourself the question....How can our organisation make life easier for our employees?

Sunday, January 10, 2010

Have you calculated your Flight Risk?

Everywhere you turn there is research quoting stats like 30% & 60% of Australians will change jobs in 2010. The most recent was conducted by education provider Martin College.

Key takeaways are:

  • Three quarters of Australians are not happy with their careers and want to change,
  • 9% of Australians hate their jobs; &
  • 67% say they are looking to change jobs in 2010 with 21% on the network trail to start the ball rolling.
Read the full article here

Whilst the research swings, it is pretty clear that a significant proportion of Australians will look to move employers in 2010.

Do you know what your employees are thinking? Could 2010 be a year consumed with recruitment and administration costs and time rather than activities that could provide real value to your people? If you are into risk management the red lights are flashing on this one!

Strongest Growth in Job Ads since May 2007

The Job markets appears to be coming back with strong growth in job advertisements. The results for quarter 1, 2010 will be watched with great interest.

Highlights of the article.......

  • The number of jobs advertised in major Australian newspapers and online rose by 6.0 per cent in December, the strongest monthly growth in two-and-a-half years.
  • Overall job ads averaged 149,063 a week, with newspaper job ads rising by 11.6 per cent and internet job ads increasing by 5.6 per cent, an ANZ survey shows.
  • The rise in December follows a 5.2 per cent increase the month before and it was the strongest monthly growth since May 2007.

Read the full article here