global recruitment specialists
Human Resources Market Overview
A year in review…
Throughout 2013 we have seen an increase in HR roles listed over the past 12 months, with HR Generalists, Learning & Development Specialists, Employee Relations Specialists, Remunerations & Benefits Analysts and Work Health & Safety Specialists (WH&S) being in particular demand. The IT and Digital sector has also seen a rise in opportunities for HR professionals.
However, in line with the above organisations have also been closely monitoring the costs associated with HR functions. Many organisations have streamlined the makeup of their HR teams, and some of the larger organisations have centralised shared service functions. Organisations have also used HR contractors to meet short term and specialist HR needs.
Challenges to overcome…
Large organisations in particular have been implementing revised HR operating models with an eye on cost minimisation as well as improved HR services to the organisation. This is likely to cut back on certain opportunities in the market. Businesses will continue to use contractors in WH&S, Employee Relations, Remunerations and Benefits as the need arises, as well as to cover generalist roles.
Employee Relations and WH&S Specialists in particular have had to stay on top of a number of legislative changes within the industry. SME's will often hire contract staff to stay across these changes where they have previously just had HR Generalists in place. Many organisations have invested in Talent Acquisition Specialists, however they also need to be social media experts as social media and technology continues to shape how candidates look for work.
Even more so than before, HR Departments are becoming ‘true business partners', changing the perception of how HR is often viewed internally. There will be much more synergy at all levels with HR having a seat at the management table. Internal Stakeholder management from the top down is essential in adding value and driving organisational development, whilst looking at initiatives to keep the organisation competitive in the market. Employer branding has also become an important part of the HR Department's role.
The year ahead…
The HR recruitment market is showing signs of improvement however it remains cautious across most markets. Global and domestic economic conditions affect salary levels and hiring sentiment and we expect to see the use of contractors for projects continuing. There will need to be sustained improvement in business confidence across a wide number of industry sectors to recreate genuine growth in the HR recruitment market.
Having said this, there will be a continued demand for HR Generalists, Employee Relations and Workplace Health & Safety professionals. Streamlining of HR functions and cost initiatives will be a focus in the coming year as will life balance initiatives, learning and development, and career development as organisations compete to attract and retain the best talent. Employers should remember that more and more candidates are being headhunted as organisations ensure they have access to top talent, so always invest the time in understanding what motivates your staff and what their career development looks like.
In terms of attracting talent, Employer branding is extremely important. Invest in your staff to attract and retain top talent. A strong culture, team building, career development and work life balance will all be deciding factors as well as professional development opportunities.