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Global economic environmentThe Australian economySalary & Employment ForecastContinuing and emerging business trendsSpotlight: Gender diversitySummaryQuestions
Agenda
Global economic environmentGDP growth forecasts
Source: ANZ Economics & Markets Research
2014 2015 Forecast Overall Outlook
World 3.3% 3.9% Grinding higher
US 2.3% 3.2% Leading the way
Euro zone 0.8% 1.3% Slowly but surely
China 7.5% 7.0% Trending lower
Australia 3.1% 2.9% Still transitioning
New Zealand 3.1% 3.0% Slowing down slightly
The Australian economyThe experts’ opinions
“We expect 2015 to be a year of moderate gains as the global economy grinds up a gear.”
Stewart Brentnall - Chief Investment Officer, ANZ Bank
“We expect growth in the Australian economy to gradually improve in the year ahead.”
Lindsay Maxsted - Chairman, Westpac
“The unemployment rate is expected to remain elevated, declining in 2015 when we anticipate GDP growth to be picking up to an above-trend pace.”
Philip Lowe - Deputy Governor, Reserve Bank of Australia
“We expect the unemployment rate to peak in H2 2014 before falling through 2015.”
Paul Bloxham - Chief Economist, HSBC
Increasing business confidence throughout the year will equal greater candidate confidence
C-suite restructures are leading to increased hiring activity
Businesses are generally positive about the outlook for 2015
Job growth is expected to increase gradually throughout the year.
The Australian economyRecruitment activity
Salary & Employment ForecastRecruitment activity
Strength of current hiring activity compared to the last 12 months
Expecting to increase headcount
Salary & Employment ForecastSalary and remuneration
Salary increases over the next 12 months
Average percentage salary increase over the next 12 months
Salary & Employment ForecastAttraction and retention
Key reasons employees are likely to leaveEmployer expectations for staff turnover in the next 12 months
Most popular options offered to support employees’ work/life balance
Most popular tools for attraction and retention
Salary & Employment ForecastAttraction and retention
Continuing and emerging business trends
Trend From ToThe shape of businesses Hierarchical De-layered
Business change Large business restructures Small to incremental change
Sourcing talent Local Global
Candidate motivators Money and statusCulture and strong Employee Value Propositions (EVP)
The use of technology Limited and at times slowMany new options with increased speed of change
Employer branding Limited or no strategy Introduction of EVP
Diversity and inclusion Limited or no strategyStructured programs to attract and retain best talent
Spotlight: Gender diversityMale Champions of Change
The Male Champions of Change was established in April 2010 by Elizabeth Broderick, the Sex Discrimination Commissioner
The group comprises of 21 CEOs, department heads and non-executive directors from across business and federal government
The goal of the group is to make a significant and sustainable change to the low levels of women in leadership in Australia
Over the last two years they have shared ideas with each other and focused on taking action within their own businesses
They have devised a 12 point plan to effect gender diversity change.
Spotlight: Gender diversityMale Champions of Change 12 point plan
Stepping up as leaders
1. It starts with us
2. Bring your top team with you
3. End the leadership lottery for women (Inclusive Leadership)
Creating accountability
4. Lead on gender reporting
5. Implement Plus One initiatives
6. Drive a supplier multiplier
Disrupting the status quo
7. Ask ‘50/50: if not, why not?’
8. Raise the bar on women’s careers
9. Mainstream flexibility
Dismantling barriers for carers
10. Get the basics right
11. Build environments where parents and carers thrive
12. Support an expansive review of caring, including childcare options
Summary
Global economy is expected to grow in 2015
Stronger growth in major developed economies will support growth in the ANZ region
The transition of the economy to stronger non-mining demand will continue
Non-mining investment has picked up speed over the last year
Unemployment is expected to trend downwards
Key emerging trends will be Employer Branding and Diversity & Inclusion
The outlook for 2015 is positive.
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