Unemployment on the rise in 2012, report finds

Unemployment Rate July

Unemployment is set to increase marginally in 2012, while temporary and contract recruitment is expected to remain popular, a new survey has revealed.

The Robert Walters Global Salary Survey, now in its 13th year, found that uncertainty in the global economy is a recurring theme across all market sectors, affecting confidence in all regions.

“The often publicised ‘two-speed’ economy has created an inconsistent employment market. In parts of the country, wage inflation and labour shortages have increased to all time highs,” Robert Walters Australia managing director James Nicholson.

Robert Walters, a global recruitment consultancy, conducts the survey across 23 countries and a number of disciplines to discover and predict employment trends. The survey also offers an overview of salary trends, asking, “How much are you worth?”

The latest survey predicts IT candidate shortages are expected to continue into 2012, with candidates at the top of the field set to benefit, able to demand higher pay and better career opportunities.

Banking businesses are predicted to remain pragmatic in their approach to recruitment, only hiring when business or market conditions allow.

The survey’s findings suggest firms will focus on replacement roles, with a greater emphasis on securing high quality professionals.

Sales, marketing and communications roles tying into revenue generation are expected to continue to be highly sought-after in 2012, particularly business development roles, the survey found.

Despite the likelihood that unemployment will increase marginally, Nicholson remains optimistic about the 2012 employment market.

“Our proximity to Asia will not isolate our employment market from tough global conditions in 2012, but it does ensure we are better placed to weather the conditions better than any other developed economy,” he said.

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