Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
In March Information Technology was the best-performing sector in executive employment market, followed by Engineering. This continues the recent trend where these two sectors act out of step with the broader market. Management registered a slight increase, while Finance and Marketing fell back considerably.
Despite a steady rate call by the Reserve Bank
this month continuous speculation that a rise is in the wings and the
New South Wales election made employers hold off on new executive
positions in March, according to the E.L Consult Executive Demand Index
from executive search firm E.L Consult.
The strengthening dollar and interest rate speculation due to stronger
than expected retail and housing data all contributed to the softening
of demand for executives, according to E.L Consult.
Senior finance positions which are highly sensitive to interest rate
movements were particularly hit with a nation wide drop of 3% or around
150 positions.
Mr Grant Montgomery, Managing Director of E.L Consult, said: “The
market is sensitive to changes in rates at the moment as many of the
private equity deals currently being considered are highly leveraged.
"Rate rises affect disposable income and therefore have an impact on demand for a wide range of goods and services.
“There seems to be a closer eye now being kept on interest rates as they are now at an 11 year high."
David Bass
| For the fourth year in a row, IDC has placed content security provider Websense (NASDAQ: WBSN) at the top of the IDC Worldwide Web Security 2011 –…
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