Hays Procurement - July 2007
Hotspots
An increase in development activity has created a hotspot for project managers while commercial and industrial sales and leasing executives are required due to solid economic activity increasing demand for sites. Commercial valuation candidates are another area of demand at all levels and retail asset managers have become a hotspot due to internal promotions.
The coming quarter
The coming quarter will see higher vacancy activity and newly created opportunities due to an increase within numerous sectors of the property industry. With vacancies high and skills in short supply, employers have indicated they will explore the recruitment of temporary candidates, which traditionally has not been an option for the property industry.
Executive recruitment
Executive vacancy activity is at above average levels, with industry moves and changes creating a number of opportunities in various state markets. In most demand at the executive level are business development managers and strategic operations managers as firms strengthen their presence in local markets (particularly Adelaide and Perth) to take advantage of current or approaching booms. This trend will continue and will only strengthen in the future.
Salaries
The 2007 Hays Salary Survey has been released and reveals that Sydney, Brisbane/Gold Coast and Hobart, and to a lesser extent Melbourne, were the main property salary winners, particularly for retail centre managers, asset managers with 3+ years experience and commercial/industrial/retail property managers with 3+ years experience. In Brisbane acquisitions also received a large increase. The Hays Salary Survey can be viewed at www.hays.com.au/salary
Candidate trends
A decrease in candidate availability is due to employers promoting their staff from within. There has also been an increase in counter offers, which is retaining employees in the short-term.
