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Exclusive: SMEs upbeat on hiring intentions

Adam Zuchetti
Adam Zuchetti
27 April 2018 1 minute readShare
Recruitment, hiring, people, conveyor belt

Following a traditional spike in hiring intentions in the December quarter ahead of Christmas, business leaders have expressed ongoing confidence in their ability and desire to grow their headcount.

The latest My Business SME Sentiment Index, for the third quarter of the 2017-18 financial year, found that hiring intentions are above the same time last year.

In fact, save for the December 2017 quarter, the index reading of 24.64 is the highest since the series began at the beginning of 2017.

While the index saw a notable spike to 33.00 in the December quarter, this is most likely due to the strong influx of casual workers hired each year to cope with the busy Christmas season and subsequent school holidays.

Prior to this, the highest rating had been 23.60. Any reading above 0 indicated positive sentiment.

The solid reading for hiring intentions backs previous studies, such as that conducted late last year by ManpowerGroup, which found hiring expectation among 1,500 Australian employers was the highest in six years.

However the survey pre-dates recent discussion about the roll payroll tax plays on hiring intentions, and a public push to have the tax overhauled or abolished in order to boost employment and business growth.

Exclusive: SMEs upbeat on hiring intentions
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Adam Zuchetti
Adam Zuchetti

Adam Zuchetti is the former editor of MyBusiness and a senior freelance media professional, specialising in the fields of business, personal finance and property. In 2020, he also embarked on his own business journey – inspired in part by the entrepreneurs and founders he had met through his journalistic work – with the launch of customised pet gifting and subscription service Paws N’ All.

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