Embracing Change: Navigating 2024's Recruitment Landscape and Beyond

Our First Edition - Welcome!

Welcome to our very first newsletter for 2024! Hopefully you have all had a good start to the year and have enjoyed our late blast of summer this year. Here's to a year of growth, opportunities, and exciting recruitment insights.

From the Director’s Chair

Recently, we’ve witnessed unprecedented shifts in the recruitment landscape, driven by a myriad of factors ranging from technical advancements to global economic fluctuations and, of course, the ongoing impacts of the pandemic. These dynamics have undoubtedly reshaped how we approach talent acquisition, and the industry as a whole.

The introduction and widespread use of generative AI has been, from a recruitment perspective, a double-edged sword. While it has been a game changer in terms of assisting with skills matching and content creation, it has made it harder for recruiters and potential employers to assess candidates. This is because candidates are using AI platforms, like ChatGPT, to write a range of content for them, including, resumes, cover letters and responses to interview questions. These are used in the recruitment process to paint a picture of the applicant and are a great way for employers to get a sense of how well each candidate would fit into their company culture, understand their motivation for the role and assess their communication skills. When these documents are AI-generated, it becomes much harder to assess candidates; and it can be even harder to tell what is real. AI can have a tendency to inflate a candidate’s experience and skills, leading to the candidate failing to articulate themselves the same way when they progress to the interview stage. This can be a big-time waster for talent and hiring managers!

In addition, candidates are also using AI software to automatically apply for roles where their skills match those listed in the job ad. The issue with this is, if AI matches one or two skills, an application is sent – despite missing all the other skills required of the candidate. This leads to an increase in the number of applications received, but it does not equal an increase in the number of quality candidates. More time then needs to be spent screening candidates and working through unsuitable applications.

Surprisingly, on the back of the economy adding an additional 116,000 new jobs in February (according to the ABS), we saw Australia’s unemployment rate fall sharply to 3.7% - a large drop on the previous month’s figure of 4.1%. While these jobs figures are positive news for the economy, Economists say there is still evidence the jobs market is weakening, just not dramatically. This figure also doesn’t highlight that some people are now working two jobs to deal with the rising cost of living. Full time employment accounts for just one third of overall employment gains over the past year, whilst temporary and contract work is ramping up. This is something recruitment firms are used to seeing in economic downturns.

Despite market conditions, we have been fortunate enough to secure some high-profile executive roles since the beginning of the year.

"We are noticing that some of our key clients are restructuring their teams and bringing in new strategic talent to combat the current market conditions, and we have really enjoyed being part of the recruitment process."

Hopefully, with inflation dropping, we will start seeing cuts being made to interest rates later on in the year. This will provide much needed relief for many people struggling with the cost of living, improve business confidence to help stimulate economic growth. Looking forward to a positive and prosperous 2024!

Unravelling the gender pay gap

Recent data published by the Workplace Gender Equality Agency (WGEA) under new laws has shed light on the persistent gender pay gap within Australia's largest companies. Despite advances in gender equality, a significant pay disparity remains, with the median gender pay gap standing at 19%, translating to women earning $18,461 less annually compared to men. This gap varies across industries, from 31.8% in construction to 1.9% in accommodation and food services.

The analysis revealed that 62% of companies have pay gaps favouring men by more than 5%, challenging the notion that equal pay for equal work is fully realised. High-paying roles still see an underrepresentation of women, notably in sectors like aviation and engineering. This issue extends beyond simple salary comparisons, reflecting deeper societal and structural biases, such as the impact of caregiving responsibilities on women's careers and occupational segregation.

Efforts to close the gap are ongoing, with the spotlight on these disparities hoping to spur more equitable employment practices across industries.

Read the full blog for more insights into Australia’s gender pay gap.

Why hiring temporary staff could be the solution you need!

As we navigate the dynamic business landscape of 2024, the spotlight is on the strategic advantages of hiring temporary staff. Offering flexibility, cost-efficiency, access to specialised talent, and risk mitigation, temporary labour is increasingly becoming a cornerstone for businesses aiming for adaptability and success.

Flexibility is key in adapting to market fluctuations, allowing companies to scale their workforce in response to business needs without long-term commitments. This agility is essential for managing seasonal peaks, project-based work, or sudden changes in demand.

Cost efficiency is another significant benefit, as temporary staffing helps control labour costs, avoiding the fixed expenses tied to permanent employment. It also alleviates administrative burdens, making it a financially sound choice during uncertain times.

Temporary staff also grant companies access to specialised talent on short notice, filling niche roles with pre-screened, skilled candidates. This ensures that projects are completed efficiently and effectively, keeping businesses competitive.

Moreover, temporary staffing offers a "try before you hire" scenario, reducing the risks associated with permanent hires and fostering a culture of innovation within the organisation. Temporary workers bring fresh perspectives and experiences that can drive change and growth, while also offering a personalised work environment that benefits both businesses and individuals.

For individuals, temporary work offers flexibility, independence, and opportunities for career exploration, acting as a valuable stepping stone towards permanent employment.

As businesses look to the future, incorporating temporary staff into workforce strategies emerges as a smart, strategic decision for achieving sustainable growth and staying ahead in 2024.

Explore the full benefits of hiring temporary staff in our latest blog.

Welcome back Leon!

In January, Becks Wiggins Stokes welcomed Leon Cutler back to the team. After an 18 month break from the industry, Leon has resumed his role as our General Manager and will oversee both the Permanent and Temporary Divisions.

With over 20 years of industry experience, Leon’s focus will continue in his specialised areas of Accounting & Finance, Executive level appointments, Human Resources and other specialist roles.

We love having you back on board Leon!

Talent Spotlight

This month, we are proud to shine a spotlight on our diverse array of temporary employment opportunities. Explore the exceptional talent eagerly awaiting to join your workforce below:

Tanya - Finance Manager

Tanya is a seasoned Finance Manager who is ready to step into a temporary finance role?until her upcoming travels in June:

• Proven expertise in all finance functions, previously with a large retail group.
• Skilled in accounts, bookkeeping, team leadership, financial analysis &?reporting, taxation, compliance and year-end financials.
• Adaptable and empathetic leadership style.
• Strong work ethic with excellent communication and organisational skills.
• Holds a Bachelor of Business (Accounting) and CPA qualification.
• Proficient in Microsoft Office, MYOB and Quickbooks, with a quick learning curve for new software.

Tenesha - Payroll / Admin?

Based in Melbourne's inner north, Tenesha is an accomplished?Administrative Assistant with a background in payroll administration.

• Over three years of high-quality support experience.
• Creative and adaptable with strong conflict resolution and problem-solving abilities.
• Proficient in navigating challenging situations professionally.
• Excellent interpersonal and communication skills for effective stakeholder relations.
• Skilled in Microsoft Office Suite and Xero, quick to learn new systems.
• Team-oriented with a positive outlook.

Angela - HRM / HRBP

Angela is a seasoned HR professional ready for a new challenge:

• Extensive experience in a large, multi-site manufacturing setting.
• Skilled in all strategic and operational HR functions.
• Strong background in IR/ER, OH&S and?recruitment &?onboarding, across all levels.
• Eager for new opportunities, available immediately.
• Ideally seeking a position in Melbourne's South Eastern suburbs.

Emma - Administration

Emma offers extensive administrative expertise in both Aged Care and Corporate settings, and is now seeking roles within a values-driven organisation:

• Over ten years of experience in high level administration?support.
• Background in IT systems and executive assistance.
• Strong organisational skills with a level-headed approach.
• Proven track record in managing complex projects and enhancing stakeholder relationships.
• Proficient in MS Office Suite, Adobe Pro and Nitro Pro.
• Known for her friendly demeanour and exceptional communication skills.

That's a wrap for this month's newsletter! Looking to strengthen your team with exceptional talent? Visit our website today to explore our employment options and connect the right people for success.