Collar®'s Quarterly

Market Update


OCTOBER 2023
Australian Market Trends and Insights Overview 

  • Unemployment rate: 3.7% (Aug and Sept), up from 3.4% last quarter.

  • Candidates still preferring roles with work-from-home flexibility over those that don't

  • Candidates are prioritising work-life balance, flexible working, and skills development.

  • Job-hopping continues as a 2023 trend.

  • Salary expectations normalising across various sectors.

  • Working holiday visa holders gaining popularity for their flexibility and experience


OCTOBER 2023 Australian Market Trends and Insights Overview 

  • Unemployment rate: 3.7% (Aug and Sept), up from 3.4% last quarter.

  • Candidates still preferring roles with work-from-home flexibility over those that don't

  • Candidates are prioritising work-life balance, flexible working, and skills development.

  • Job-hopping continues as a 2023 trend.

  • Salary expectations normalising across various sectors.

  • Working holiday visa holders gaining popularity for their flexibility and experience

Insights from our leadership team

Amanda Stewart
Director of Wellbeing

The National Return to Work Strategy (2020-2030) by Safe Work Australia, has been designed to improve return-to-work outcomes across Australia for workers who have sustained a work-related injury or illness. Annually, over 500,000 Australians are affected, costing the economy an estimated $61.8 billion. Collar® places a strong emphasis on the well-being of its employees during the recovery process. This commitment is evident through our provision of mental health support, transparent communication with all stakeholders, and the promotion of a positive health and safety workplace culture, aligning with the strategy's decade-long vision.

Jamie Mallinder
Director of Health & Safety

Heading into the final months of 2023, we're witnessing a pivotal shift in workplace priorities, emphasising the crucial role of psychosocial wellbeing. With new regulations coming into effect, our responsibility extends beyond physical to mental health. At Collar®, we've been proactive, designing purpose-driven e-learning and offering accredited Mental Health First Aid training. These initiatives are more than strategic moves; they're a testament to our unwavering commitment to wellbeing. Every individual deserves a supportive and psychologically safe environment to thrive

Emma Sewell
Director of HR & IR

In late 2023, it's crucial for businesses to stay updated on evolving workplace regulations. 

Businesses should prepare for:

  1. Complex Compliance Dynamics: expect intricate 'multi-factor' tests to determine worker status. Distinguishing between casual, contractor, or employee-like status will require keen understanding.
  2. Industry-specific Shifts: road transport and digital labor platforms are set for transformative changes with the introduction of comprehensive minimum standards and collective bargaining nuances.
  3. Union Resurgence: unions now hold a central position in the IR system, with reinforced rights and pivotal roles in new jurisdictions.
  4. Financial Implications: the potential for “same job, same pay” mandates could reshape engagement strategies with labor hire and contractors, affecting cost structures and profitability.

Australia's industrial relations framework stands at the threshold of a new era.


Jamie Lewis
Director of QLD

As the new financial year kicked off, we noticed a shift towards more permanent hires in all sectors. However, due to the persistent skills shortage, there's been a surge in temporary roles to bridge the gap while organisations continue their search for permanent placements.

Specifically, in the Sunshine Coast region, we're facing a notable shortage of Healthcare professionals. With a high number of active vacancies, this has resulted in an increased demand for higher rates.

Additionally, candidates are fielding multiple offers, leading to more rejections of permanent positions. Job Skills Australia's recent skills shortage update for June 2023 confirms this trend, with a notable increase in employed individuals and a low unemployment rate of 3.5%. The employment-to-population ratio stands strong at 64.5%, indicating a competitive landscape for talent acquisition.

Emmah O'Connel
Adelaide Branch Manager

Adelaide's labor market is in a phase of dynamic growth, with an employment rate of 77.4%. The youth unemployment rate is notably low at 8.6%, indicating a promising landscape for young professionals. This thriving market offers opportunities and stability, making it an exciting time for job seekers and employers alike.

Peter Dais
Director of VIC

Transitioning to face-to-face meetings in 2023 is not just a shift, but a strategic move towards creating genuine connections. In-person interviews pave the way for assessing cultural fit, a crucial factor in today's evolving business landscape. This shift in focus, especially in recruitment, is reshaping the way we hire. Embracing this shift isn't just smart; it's the future of recruitment.

A closer look at the industries that are currently leading the charge in the Australian workforce:

Healthcare and Social Assistance: 15.3% of the workforce

Construction: 9.5% 

Professional, Scientific and Technical Services: 9.4%

Retail Trade: 9.4% 

Education and Training: 8.4%


A closer look at the industries that are currently leading the charge in the Australian workforce

Healthcare and Social Assistance: 15.3% of the workforce

Construction: 9.5% 

Professional, Scientific and Technical Services: 9.4%

Retail Trade: 9.4% 

Education and Training: 8.4%

Megatrends in the Australian Workforce

Diversity and Inclusion

As Australia experiences shifts in demographics, there's a heightened emphasis on policies supporting work-life balance, parental leave, and flexible work arrangements. Companies that embrace these changes not only attract top talent but also nurture cultures that support the well-being and growth of their teams


Clean energy and net zero transformation

Australia's renewable resources are a goldmine. Navigating this transition requires a skilled workforce, particularly in regional areas.


The Care and Support Economy

The influence of the Baby Boomer generation is creating a change in the care expectations, bringing fourth a surge in opportunities, along with pressing skill shortages. The health care and aged care sector, especially nursing occupations, is undergoing significant growth with no signs of slowing.


Digital Transformation

The evolving landscape demands digital literacy across the board. Higher-level digital skills are the currency of the future.

Curious about Collar®?

Here’s a glimpse of our capabilities:
 

Administration: with over 2,170 placements in the last 2 years, we provide seamless recruitment services for roles like Administration Assistants, Customer Service Officers, and more.

Finance: over 625 successful placements, our expert team specialises in finance and accounting recruitment, covering roles from Financial Specialists to Auditors.

Specialist Roles: with 158 placements, we deliver tailored recruitment solutions for professional positions including Legal Support, HR, and Marketing.

Industrial Trades and Labour: over 6,791 placements, a meticulous process ensures the right staff fit for various sectors, prioritising safety and expertise.

Professional White-Collar Positions: with successful placements, from Architects to Project Managers, we deliver tailored recruitment solutions for specialised roles.

Technical Expertise: over 267 placements, we have successfully sourced engineering and technical specialists with precision.

ICT Recruitment: our dedicated IT team ensures seamless recruitment and contracting for the right IT professionals.

Education and NDIS: specialised recruitment services designed for the NDIS and Education sectors.

Healthcare: connecting healthcare clients with qualified staff, including Nurses, Medical Officers, and Mental Health Professionals, with a staggering 4,391 placements.

Specialised Generalist Roles: we have access to a vast database of hand-picked candidates for both blue-collar and white-collar positions

Curious about Collar®?

Here’s a glimpse of our capabilities:
 

Administration: with over 2,170 placements in the last 2 years, we provide seamless recruitment services for roles like Administration Assistants, Customer Service Officers and various other white collar office support positions.

Finance: over 625 successful placements, our expert team specialises in finance and accounting recruitment, covering roles from Financial Specialists to Auditors.

Specialist Roles: with 158 placements, we deliver tailored recruitment solutions for professional positions including Legal Support, HR, and Marketing.

Industrial Trades and Labour: over 6,791 placements, a meticulous process ensures the right staff fit for various sectors, prioritising safety and expertise.

Professional White-Collar Positions: with successful placements, from Architects to Project Managers, we deliver tailored recruitment solutions for specialised roles.

Technical Expertise: over 267 placements, we have successfully sourced engineering and technical specialists with precision.

ICT Recruitment: our dedicated IT team ensures seamless recruitment and contracting for the right IT professionals.

Education and NDIS: specialised recruitment services designed for the NDIS and Education sectors.

Healthcare: connecting healthcare clients with qualified staff, including Nurses, Medical Officers, and Mental Health Professionals, with a staggering 4,391 placements.

Specialised Generalist Roles: we have access to a vast database of hand-picked candidates for both blue-collar and white-collar positions

Not your average recruitment agency

We're not just a recruitment agency, we're a team dedicated to creating the best working environment for recruiters across Australia.


Here's what makes a career at Collar® different:

 

  • Over 20% of our team received a promotion in the last 6 months.

  • A total of 6 weeks leave for those moments that matter.

  • With 13 offices Australia-wide, you can work where you want.

  • 55% of our leaders are females.

  • Flexible WFH policy and 3pm Friday finishes.

  • Get paid on everything you bill.

  • Free mental health support and mental health leave.


Introducing Collar®'s Talent Solutions

Ready to Elevate Your Business? Collar® Talent Solutions provides a range of customized services designed to supercharge your business growth: 

Our services
  • Recruitment Process Outsourcing (RPO) 
  • Managed Service Provider (MSP) 
  • Contractor Management Outsourcing (CMO) 
  • Total Talent Solutions - All internal recruitment (Perm/Cont.) 
  • Project Management Outsourcing (PMO) 
  • Diversity & Inclusion (D&I) Strategy 


From tackling high-volume projects to devising comprehensive D&I strategies, we tailor our approach to fit YOUR unique requirements. 


Why choose RPO for your business?

Timesaving: on average, RPO can reduce time-to-hire by up to 40%. 

Cost Efficiency: companies leveraging RPO often enjoy cost savings of over 50%. 

Quality: RPO doesn't just expedite the process; it ensures top-tier talent is brought on board. 

Partnership Approach: RPO providers integrate seamlessly with your team, aligning with your goals and values. 

Scalability: RPO offers flexibility, allowing businesses to adjust resources in line with their hiring needs. 


Join us and be part of a team that's redefining recruitment

Contact us today
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