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Recruitment industry to grow despite easing in hiring demand: Manpower boss Recruitment companies will continue to grow, but at a slower pace, as major employers take a more cautious approach to hiring, according to global Manpower chief executive Jeffrey Joerres.
Joerres, in Switzerland for the World Economic Forum, said that in recent years companies had been planning their workforces in anticipation of growing demand, and hiring staff in advance.
He said in future, hiring was more likely to follow demand growth rather than pre-empt it.
Joerres said Manpower was seeing some clients start hiring freezes because of uncertainty in financial markets, but stressed these were "very few" and said the majority of clients were still hiring.
Manpower saw a number of emerging markets as offering growth opportunities, including the Middle East, Vietnam and Cambodia, Joerres said.
He described the Middle East as the "next frontier" for talent demand and said many of the economies in the region were experiencing robust growth but had "absolutely none of the talent or labour needed".
"Talent needs to be pushed into that market and managed in such a way that they are not leaving until their assignments are up," Joerres said.
Manpower recently appointed former Australian CEO Varina Nissen to head up its Middle East operations.
Female executives still paid less
Female CEOs earn two-thirds the wage of their male equivalents, while female CFOs and COOs earn half, according to research from Macquarie University and the Equal Opportunity for Women in the Workplace Agency.
The salary data was gathered for the Gender Income Distribution of Top Earners report, released last week by Minster for Women Tanya Plibersek.
The report also showed that just 7% of the top earners in ASX200 companies were women, or 80 out of a total of 1136 people.
In conjunction with the latest figures from the Australian Bureau of Statistics, the report's data showed that overall there was a 35% gap between men's and women's average weekly earnings.
EOWA director Anna McPhee said pay inequity "starts in a woman's first job and puts her on the back foot for the rest of her life".
The reasons for the pay gap included the undervaluing of women's skills, a lack of career mentors for women, persistent gender stereotypes, and outdated methods of calculating remuneration, McPhee said.
"Australia can not afford to continue to underpay women who are performing in the same highly responsible senior positions as men, especially at a time when the country’s prosperity is so dependent on the retention and attraction of talented people."
JOBX adds salary comparison tool
JOBX has signed a deal with salary data company PayScale to provide salary market figures for its job advertisers and candidates.
JOBX chief executive Richard Mare said PayScale technology gauged pay against skills, experience and qualifications, and drew on a data pool of more than 10 million user salary profiles.
All of the information used on JOBX would be taken from Australian data, he added.
Mare said candidates on JOBX would have the opportunity to carry out a PayScale salary survey, in exchange for a free report anonymously comparing them to other people with similar jobs in the same location.
For job advertisers, the technology would provide real-time salary market data, he said.
Digby Morgan UK re-branding won't affect HR Partners
Leading HR recruitment specialist HR Partners will retain its name and branding despite a move by its international parent (see related article) to consolidate the Digby Morgan brand across the business.
Digby Morgan global managing director John Maxted said the company's UK divisions HR Resourcing and HR Interims, which manage mid-executive search and contracting respectively, were now operating under the Digby Morgan brand.
HR Partners chief executive David Owens said HR Partners was a strong brand in its own right, and one which Digby Morgan had invested a lot in.
HR Partners had been growing fast since the acquisition, he added, with increased headcounts at each of its Sydney, Melbourne and Brisbane offices, and strong results for the December half.
Hamilton James & Bruce promotes senior staff
Hamilton James & Bruce has announced the promotions of three of its senior consultants to management positions in its Brisbane office.
James Phillips will run the accounting division, Ian Quinn will head up the operations and engineering division, and Martin Byrne will manage the IT (HJB Bowdens) team.
HJB Brisbane general manager Alison Sherry said all three had been with the company for a number of years, and were well respected within their markets.
She said Christy Scott had also recently joined the HJB Bowdens division as recruitment co-ordinator. Scott was previously with CitiStreet Australia.
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