Jobs rebound imminent, says leading headhunter

Peter Dinham
Thursday, 30 July 2009 20:02

Business IT - Technology

“The current executive employment environment coincides with the views that we have held consistently since January and February that economic recovery will start in the last quarter this year.

“However if you follow many of the US company analysts it appears our prediction might be, if anything slightly pessimistic. We are still confident however that real recovery, in Australia, at least will be evident in the fourth quarter.”

E.L./Consult’s latest index shows that in the past three months a nominally flat result was recorded, compared with the three months ending December 2008 when the dramatic fall in executive demand occurred due to the credit crunch and the global financial crisis.

However, in contrast, in the past two months the index has recorded two -1 per cent results, while in July the index recorded a perfect zero with no overall change up or down.

”The worst is over for Australian executives, they are on the way back up to better employment levels,” Montgomery said.

“The Index has consistently stayed level now for the past three months. There is little doubt that we are at the bottom of the current cycle and I am confident that we are looking at a recovery in executive demand in the third and fourth quarter of this year.”

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