Business confidence up 6% in 2012 says HR Coach

According to HR Coach , the last quarter has shown a marked change in business sentiment in Australia with an increase of 6% in overall business confidence.

This 6% increase is a welcoming sign since the last half of 2011 saw a 15% drop in business confidence. However, there is still a lot of ground to make up from the highs of 2007 and 2008.

For the first time since 2008, wage pressure is back on the agenda with employers identifying an 18% increase in wage expectation by employers.

Unfortunately, New Zealand’s situation isn’t as positive. After the honeymoon period following the Rugby World Cup, businesses seem to be battening down the hatches once again looking to wait for the recovery.

New Zealand also finds itself in the midst of a skills shortage as the year goes on.  The demand for skilled labour in the South Island, as well as Australia’s mining boom, may have a crippling effect on the labour market.

For more information and business advice from HR Coach, visit their website or send them an e-mail.