The findings from the latest CEO Survey, conducted jointly by Australia Industry Group and Deloitte, bring good news for third-party talent solution providers.
Firstly, three quarters of all businesses are planning to hire new staff in the next two years. The larger the company turnover the more bullish the hiring intentions; almost 90% with revenue of $200 million intend to hire additional staff (refer chart). Confidence is high in the construction sector with 85.7% of respondents indicating they will hire new staff.
In order to achieve their growth objectives businesses identified a number of priority areas where they require the assistance of external service providers. The good news for the recruitment industry is that a large percentage (18.6%) indicated that they will need assistance in talent management & human resources. Large companies and public sector organisations, in particular need assistance to manage talent (refer chart).
The report sheds light on a range of areas/issues that businesses need to tackle, including skills shortage, to grow. Overall, the mood is positive; the GFC seems so far away. Download report here.