Employers 'less inclined to hire new staff'

Thursday 16 June 2011

Article by Mozo

The proportion of companies in Australia that are expected to increase the rate at which they hire new staff has fallen over the last quarter compared to the preceding three months.

Bosses 'less likely to hire'

This is the finding of the latest Manpower Employment Outlook Survey, which revealed that 26 per cent of organisations think their hiring rate will improve, down three percentage points quarter-on-quarter.

As some Aussies may struggle to find jobs, the advice of financial experts David and Libby Koch published in a News Limited article may seem increasingly sound.

In the piece, they suggested that people to have at least six months salary stored in savings accounts in case workers find themselves out of a job.

Lincoln Crawley, managing director of Manpower Group Australia & New Zealand, commented: "The confidence seen in the early stages of the recovery has reverted to uneasiness for employers in some sectors, including retail, public administration and manufacturing."

Have a question about savings accounts? Ask the money gurus at Mozo AnswersADNFCR-1761-ID-800581890-ADNFCR

Compare today's top savings accounts

Back to top