When consumer spending falls and business investment falls, the level of economic activity falls. There are fewer goods and services to be ordered… [and] Less demand for workers.”
While there are some signs of easing, the job market remains historically very tight, Coogill said: Job postings are 15.5 percent higher than the September listings of the previous year.
However, Ashik Ahmed, vice president of schedule and listings, said its data tells Seek’s “completely opposite” narrative, and that the job market has actually been so tight that venue operators have given up on placing job ads online.
Executive Vice President Ashek Ahmed.attributed to him:Louis Davies
“They advertise less. In fact, nine out of 10 client representatives, especially in the hospitality industry, are looking for new employees,” Ahmed said.
A deputy report in the Australian hospitality sector found that 27 per cent of hospitality employers plan to increase employee working hours and 42 per cent plan to raise wages and wages.
But in line with Seek’s data on the increase in job applicants, Ahmed agreed that more workers are entering the workforce, such as baby boomers who have been out during the pandemic as well as mothers who are now being offered more flexible hours.
“What’s happening now is almost like Uberisation of the workforce where business owners give more flexibility and control to the employee about whether they can choose their work life, rather than saying, ‘These are the transformations you make.'”
Vice data also shows that many people are securing a second job as the economic outlook deteriorates.
Ahmed said the war on talent in hospitality would become more evident over Christmas, and urged consumers to be patient as staff shortages lead to longer waiting times.
“Be more sympathetic to companies that are understaffed and unable to provide the service they should,” he said. “People are on the verge of collapse.”
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Originally published at Melbourne News Vine
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