Figures just released show that thankfully the vast majority of jobseekers are not changing career goals based on the current financial crises. Contrary to popular belief, the majority of candidates surveyed were not nervous about their current employment – they just wanted a better job. The underlying sentiment was that “good talent will always find a job”.
The just released MACRO Recruitment survey results cover a three week survey period starting on the 6th November 2008 and surveyed 783 engineering, IT and scientific jobseekers as part of their job application. The survey asked respondents to answer: “How has the recent changes in the global markets made a difference to your current career choices?” The results are used by MACRO to educate their employers on how to attract and retain their staff in the current economic conditions.
From the total surveyed:
• 22% where seeking their first employment in Australia
• 25% where unemployed
• 7% where nervous about their current employment stability
• 6% where being made redundant
• 40% where not overly nervous about their current employment, they just wanted a better opportunity.
Surprising the majority of candidates surveyed (over 96%) indicated that they would not change their career preferences based on the current financial markets – instead they were more determined to find a role in their chosen career. By far the majority of those that did wish to change their career preferences where currently from within the automotive industry. Water engineers, aviation specialists and medical professionals where the most vocal in their determination to remain in their chosen field.
Although the trend was to remain their chosen careers, the majority of candidates surveyed did state that they placed less emphasis on money now than before, and placed employment stability as the main driver in selecting their next employer. Government employment was seen as an attractive safe house for many. The survey also showed a high percentage of semi-retired candidates coming back into the market due to the effect of financial markets ion their superannuation funds.
All engineers arriving from overseas where more optimistic of the Australian market than from where they had come from (mainly Europe).
Contacting was less preferred option for stability reasons, buy many saw it as a cash flow solution while waiting for their career job to appear. Contractor rates in general have declined as candidates with significant experience are happy to take major pay cuts to see themselves through Xmas, the exception being the medical industry.
All ITC candidates saw continual up skilling as the most important factor to their career success.