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.
The spectre of inflation which has led Australia's Reserve Bank to apply 11 consecutive interest rate rises is putting the squeeze on technology jobs in the nation's capital Canberra.
According to the Olivier Job Index, a monthly
measure of Internet job ads from recruiter Olivier Group, the
Australian Capital Territory (ACT) has seen an 8.84% fall in IT&T
jobs over the past 12 months.
The Federal Government is the largest employer of IT&T expertise in
Australia and ACT is where a high proportion of Federal Government
IT&T positions reside. Thus, a downturn in IT&T jobs in ACT
could be viewed as a bellwether for Australia's IT&T employment
sector, as part of a general tightening of the jobs market.
“Our data has led us to warn of wages driven inflation for quite some
time. With full employment, rising interest rates are also pushing up
salary demands,” says Robert Olivier, CEO of Olivier Group. “The rise
in people's mortgages means that recruiters are seeing people who are
job hunting to reach the salary targets they need.
"Higher mortgage repayments also mean that previously full time child
carers may now be forced to return to the workforce. The fall in value
in some superannuation funds may cause some people to reconsider imminent retirement.
"Both these trends will help raise the participation rate, or, in the
absence of rising demand for workers, may help push unemployment up."
Another large employer of IT&T professionals in Australia, the
banking and finance sector, is also under pressure, with jobs down
1.45% nationally in January.
Although the IT&T skills shortage in Australia is as severe as ever, the latest Olivier Job Index is the first indication that the technology jobs market could soften over the coming year.
David Bass
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