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Market insights: Empowering your talent strategy.

With an influx of people looking for roles, it can seem overwhelming for hiring managers to identify the niche skills they need - partnering with a recruitment agency will alleviate this pressure.

 

of organisations in Australia found hiring ‘Very’ or ‘Quite’ competitive in 2023.

 

of professionals in Australia plan on actively looking for a new job in the next 6 months, - 13% down from last year.

 

of employers have lost out on hiring new talent in the last 6 months as they can’t compete on salary and benefits.

Many organisations have ambitious transformation agendas that require specialist skills and experience. Hiring contractors will allow them to proceed with programmes without headcount commitments.

- Dom BarehamManaging Director, Morgan McKinley Australia

This is your opportunity to Go Beyond all expectations.

How can you be successful in the evolving talent landscape?

The top 5 hiring challenges companies will face in 2024.

 

of organisations in Australia found hiring ‘Very’ or ‘Quite’ competitive in 2023. The main barriers to recruitment in 2024 are…

  • No sign-off for new headcount
  • Lack of skilled candidates available
  • No budget to hire
  • Pay and benefits not competitive enough
  • Length of the hiring process

What do people want? Key benefits to offer…

 

Employees in Australia are not very satisfied with the benefits they receive, with 57% being ‘neutral’, ‘dissatisfied’ or ‘highly dissatisfied’ with their packages.

Offering solid benefits, both financial and non-financial, increases your chance of attracting and retaining top talent.

    Top 5 most desired benefits:

  • Work from home
  • Flexible working hours: Flexi-start, flexi-finish
  • Bonus
  • Work remotely overseas for an extended period
  • Health and wellbeing benefits and support

Flexibility is still high on the agenda.

 

Flexibility around working patterns remains a prominent request, yet 65% of organisations are asking staff to be in the office more regularly compared to this time last year.

Giving freedom around where and when your people do their work boosts attraction and retention.

Up, down or flat? The state of salaries.

With more choice of talent, companies hold the power and are able to dictate terms a little more, meaning salary expectations have levelled off for permanent employees but increased again for contractors.

59%

of organisations kept their salary bandings level over the second half of 2023.

60%

of employers plan to increase salary offers in 2024 for certain, hard-to-fill roles.

52%

of professionals are optimistic that they will receive an increase in 2024.

2024 Australia salary guide.

Explore salaries to find out how much you should be paying your employees or how much you could be earning this year.

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Download your Salary Guide for 2024.

Salary data, insights and advice to guide your talent strategies. Benchmark what you are paying your teams against the industry averages for roles in your location.

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Whether you need new people to scale up your teams, or you’re looking for specific skills to help your business react fast, our full range of talent services will deliver. We Go Beyond to find you the right people.

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Advice for successful hiring.