2 June 2016
Any expanding business will know how important it is to take on the right staff and according to the latest figures, many companies are choosing to do just that.
February data from the Australian Bureau of Statistics (ABS) points to a 2.3 per cent increase in the number of people employed across the country - that equates to around 270,000 new positions. Although it's down slightly from the 2.6 per cent rise recorded in December, it nevertheless shows that employment is still going strong.
Taking on new workers poses a variety of challenges, some of which might be given a helping hand with business liability insurance in place.
Recruitment intentions create a war for talent
The Hudson Report: Forward Focus 2016 weighed up conditions during the first half of this year. Results showed that 32 per cent of employers plan to increase their staff base before the end of June, while 59 per cent hope their employee figures will stay the same.
Workers were also asked what their plans would be at the start of this year, with 26 per cent revealing they would be actively going in search of a new position. A further 36 per cent were passively in search of a new role, while 37 per cent plan to stay in their current job.
Hudson suggested there could be some competition to go in search of the best talent. This is why businesses need to make sure they have an advantage over their rivals if they're to be in with a chance of attracting the right people to help them succeed.
Whether your enterprise is growing its staff base or not, be sure to speak to us about the various business insurance options available. Making sure your company is covered will give you peace of mind should the worst ever happen.