Money

Employers becoming more cautious after ‘frenzied’ hiring period

Published

1 year ago

February 13, 2024

Ahron Young

Talent’s latest report, the ‘More Than Money Salary Guide 2024,’ has unveiled a landscape oscillating between a frenzied pursuit of candidates and a more cautious stance from employers.

Released today, the report delves into the Australian job market, shedding light on pivotal salaries, sought-after roles, and burgeoning skills.

Tech and digital sectors, the cornerstone of contemporary industry, witness a steady stabilisation in salaries.

However, the allure remains potent for specialised skill sets, notably in cybersecurity and artificial intelligence.

The jobs paying six figure salaries

With a detailed breakdown of salaries and contract rates for key tech positions in 2024, the report serves as a compass for both employers and job seekers navigating the tumultuous currents of the hiring sphere.

Hiring trends

Drawing upon insights from Talent’s Managing Director team and seasoned recruiters, the report dissects hiring trends and forecasts spanning across ANZ and the US.

Revelations extend beyond mere numbers, encompassing profound observations on the evolving tech talent pool, emerging skill trends, and the nuanced preferences of diverse generations in the workforce.

Key highlights from the report illuminate the transformative shifts underway:

– Salaries across Cybersecurity, Sales & Account Services, Data Analytics, and Development roles have surged by up to 35% since 2023.
– Contract rates exhibit a robust growth trajectory, escalating between 10-30% for roles in Cybersecurity, Data Analytics, Cloud Solutions, and Infrastructure.
– A stark downturn is noted in federal and state government contract hiring, plummeting by 16% due to layoffs and hiring freezes.
– The trend of offshoring among large corporations witnesses a significant uptick, soaring by an estimated 10-40%.
– Demand for Project Services talent witnesses a decline as companies opt to halt large-scale projects to mitigate costs.

Work flexibility

In a paradigm-shifting revelation, Talent’s poll underscores the paramount importance of work flexibility in the eyes of job seekers.

Surpassing the allure of competitive salaries, 35% of respondents prioritize flexibility, followed closely by 29% emphasizing salary.

Remote work emerges as the cornerstone of flexible work arrangements, resonating with 78% of respondents. Flexible hours, compressed work weeks, and job-sharing arrangements also garner recognition but to a lesser extent.

The report underscores the persistent demand for key skills including Artificial Intelligence, Cybersecurity, Data Analysis, Cloud Computing, and Software Development, reflecting the enduring relevance of these domains in the digital landscape.

As the hiring market continues to navigate through unprecedented shifts, Talent’s ‘More Than Money Salary Guide 2024’ stands as a beacon, offering invaluable insights to stakeholders braving the winds of change in pursuit of talent and opportunity.

Money

Divorce spike in Australia triggers hidden tax risks

Australia sees increased divorce filings amid emotional challenges, with many couples overlooking significant tax pitfalls in their settlements.

Published

1 day ago

April 29, 2025

ticker NEWS

Australia sees increased divorce filings amid emotional challenges, with many couples overlooking significant tax pitfalls in their settlements.

Australia is facing a sharp rise in divorce filings over the past two months — but as couples navigate emotional breakups, many are missing major tax traps hidden in their settlements.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@UCiMroZIXuwlSh1r5wZdeU6Q

#Divorce #TaxRisks #AustraliaNews #FamilyLaw #FinanceTips #TickerNews #HiddenCosts #Superannuation

Money

Stocks rebound despite tariff concerns and earnings anticipation

US stocks rebound amid tariff uncertainty; key earnings reports and economic data loom as volatility persists in the market.

Published

1 day ago

April 29, 2025

Ahron Young

US stocks rebound amid tariff uncertainty; key earnings reports and economic data loom as volatility persists in the market.

In Short

The stock market recovered after an early decline, led by companies like Boeing and IBM.

Investors are cautious ahead of upcoming economic data and potential trade developments, with projections of a 7% drop in S&P 500 earnings by 2025 due to tariffs.

A late recovery in the stock market reversed an early decline as dip buyers entered during a volatile day.

On Monday, the S&P 500 completed its fifth reversal of 1% or more in a month, matching the total seen throughout 2024. Gains were led by Boeing and IBM, while Nvidia fell following Huawei’s announcement regarding a new chip. Major tech companies, including Microsoft and Apple, are expected to report earnings soon.

Short-term Treasuries performed better, and the dollar weakened amidst ongoing economic data releases.

Economic data

The upcoming week promises substantial economic data, with reports on jobs and inflation due. A Texas manufacturing survey revealed significant weakness, with executives describing the tariff situation as chaotic.

Experts predict an eventful week, with potential for market volatility driven by various trade and economic headlines. Investors are particularly attuned to trade relations with China, with outlooks hinging on government actions.

Despite some executives remaining uncertain about tariff impacts, analysts are calculating potential effects on corporate earnings. Bloomberg Economics projects net income for the S&P 500 could drop around 7% by 2025 due to elevated tariff rates, compared to previous growth expectations.

Morgan Stanley suggests that a weak dollar may help US earnings, keeping the S&P 500 within a 5,000 to 5,500 range unless trade agreements with China are made, alongside a rebound in earnings and potential easing of monetary policy.

Money

Busy week: big tech earnings, U.S. jobs data

Busy week for markets with major tech earnings and U.S. jobs data shaping investor sentiment amid trade uncertainties.

Published

3 days ago

April 27, 2025

Ahron Young

Busy week for markets with major tech earnings and U.S. jobs data shaping investor sentiment amid trade uncertainties.

In Short

Next week, major tech companies, including Apple and Microsoft, will report earnings alongside key economic data, amid ongoing global trade concerns.

The S&P 500 has seen some recovery but remains down 10% since February, with investors anxiously awaiting the U.S. jobs report and economic growth indicators.

Next week, U.S. markets anticipate significant activity as big tech companies release earnings and crucial economic data is reported.

Investors will focus on corporate results from major firms like Apple and Microsoft, alongside the U.S. jobs report and first-quarter economic growth data. This comes amidst ongoing concerns related to global trade that could affect market stability.

The S&P 500 index has seen modest recovery recently, cutting its previous losses but still down roughly 10% from February’s peak. Optimism has been partially driven by indications of a softer trade approach from the Trump administration.

Market sensitivity

Michael Mullaney of Boston Partners noted that stock market sensitivity remains high, responding rapidly to any shifts in tariff news. Recent easing of trade tensions, including a pause in major tariffs announced by Trump, has contributed to market gains, but uncertainty continues.

In the forthcoming week, about 180 S&P 500 companies, accounting for over 40% of the index’s value, will announce their quarterly performance. Early reports indicate strong earnings growth, though some firms have lowered profit forecasts, highlighting potential challenges ahead.