Facebook

Financial crisis affects jobs

Posted October 13, 2011, by Elizabeth Fenech

&#39Employers and job seekers alike are understandably nervous given the current environment. Until we see some stability in global financial markets, this nervousness is likely to continue and may have a negative impact on the historically low unemployment levels&#39, he said.

Recruiters and analysts expect companies to slow down on hiring until mid 2009, when it is anticipated market conditions will improve.

Alan Hansell, analyst at the Intelligent Business Research Services said in an interview with The Australian, that the job market would improve for contractors as companies are becoming reluctant to commit to permanent employees. &#39Organisations will be conservative in their budgets for the next 12 months, I would think there would be hiring freezes and not as many graduates taken on&#39, he said.

What the crisis means for your career

The tightening of the labour market will inevitably increase competition for jobs. It is now even more critical that applicants prepare quality job application documents such as resumes and cover letters. Working to established design guidelines and making sure the content is easy to read is critical to success. Career FAQs can help job seekers ensure their job applications are professional with our extensive range of free sample resumes and cover letters.

Elizabeth Fenech

Academy Xi
AIM Business School
All Health Training
Australasian College of Health and Wellness
Australian College of Physical Education
Australian Fitness Academy
Australian Institute of Business
Australian Institute of ICT
Australian Institute of Management Education and Training
Australian Institute of Personal Trainers
Builders Academy Australia
Building and Construction Training Australia
Charles Sturt University
College Australia
College for Adult Learning
Deakin University
Dūcere
Edmund Barton College of Business Education
Everthought Education
Foundation Education
General Assembly
Griffith University
Hammond Institute
James Cook University Online
La Trobe University Online (Delivered by Didasko)
LET Training
MCI Institute
Melbourne City Institute of Education
Mentor Education
Monarch Institute
Nepean Industry Edge Training
Onfit Training College
RMIT Online
The Hotel School
The Institute of Makeup Artistry
The Interior Design Institute
The Nutrition Institute
The Photography Institute
Transformed Pty Ltd
UNE Partnerships
University of Adelaide
Torrens University
University of New England
University of Wales Trinity Saint David
HTMi Australia
Southern Cross University