T+O+M BLOG

Market update June 2024: Human Resources

In case you missed the T+O+M Talks video, here's a summary from Kenny Ko on recruitment activity for Human Resources mid-2024.

  • The Australian labour market remains tight with low unemployment, despite some sectors like banking and financial services right size. Growth is notable in healthcare, education, infrastructure, and energy.
  • High demand exists for junior to mid-level HR professionals, particularly HR generalists. Specialist roles in employee relations, industrial relations, injury management, and safety are also in demand due to new legislative requirements.

  • There is an oversupply of senior HR talent, with many senior leaders moving into consulting roles.

  • AI and other technologies are increasingly integrated into HR processes, enhancing recruitment, employee engagement, HR queries, and people analytics, driving demand for HR technology/systems specialists.

  • Flexible work arrangements and hybrid models are crucial for employees, with many willing to trade pay and promotion for flexibility.

  • Building a strong organisational culture and improving employee experience are top priorities for HR leaders, alongside maintaining competitive salary and flexibility options to attract and retain talent.

 

If you would like to find out more, get in touch with a member of the HR team

You can watch the full video here:

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