I got a note from a friend, a quality IT recruiter who has been in the recruitment profession for many years. His comments:

“I am seeing hundreds of people on the market at the moment.  Top quality candidates that can’t find work.  Some of them have been on the market since November.  And yet I still see companies in Australia offshoring jobs.  It seems that while the times were good the ‘offshoring jobs’ had little impact on employment in Australia.  But now (downturn market) it seems to be seriously impacting unemployment rates in the IT space. It seems that most companies in the top 100 ASX have offshore IT jobs in some capacity.  Read more...

The bad news on the jobs front is relentless. 15,600 jobs vanished in November.

Admittedly anxiety rules the roost – those who still have jobs fear they will be the next to get the chop. Those who already lost jobs worry about their prospects in an increasingly grim economic environment. Professionals in the finance sector, in particular, don’t know what tomorrow will bring.

In a time of uncertainty what feels good is certainty.  Read more...