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The
O'Loughlin Report
Greetings!
It has been quite a roller coaster ride over the last few weeks with the volatility in the financial markets creating a vast wave of uncertainty locally. The jobs market has followed suit with an off-again on-again mentality causing angst for those attempting to acquire talent and for candidates considering a job move. With this, the fluctuation in the Aussie Dollar has compounded the dynamic - although I see this morning the dollar has strengthened considerably and is well over parity.
Traditionally, this time of year sees a real surge in demand for executive talent and I think the recent upswing in demand across all markets is indicative of this. I can foresee healthy demand for talent right across the board strengthening as we head into Christmas. A word of advice, however, for employers, and that is if you are planning to engage talent in the current market you must be abreast of "the counter offer"! It is becoming increasingly prevalent that when candidates resign from their current positions, their employers are throwing the "world" at them to stay. Resignation is never convenient for the employer, and in these times of difficulties associated with attracting people, the easiest course of action is to counter offer in order to keep that individual with the organisation.
One of the first questions I ask in an interview is "how are you going to react when your employer counter offers you...?" This must be broached at the outset as it also puts the candidate in the mindset of the resignation.
Paul O'Loughlin
Managing Director
The O'Loughlin Group
Level 24 / 12 Creek Street
BRISBANE, QLD 4000
(07) 3007 1800
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