Recruitment Experiences and Outlook Survey report highlights business confidence

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In March 2021, 46% of employers surveyed as part of the Recruitment Experiences and Outlook Survey were currently recruiting or had recruited in the past month, which is unchanged from February.

As part of the report, a spotlight piece has been included on business confidence following the economic restrictions faced in 2020.

In March 2021 63% of employers reported there were no risks to remaining open for the next 6 months. This is from a low of when the data first started to be collected of 12% in August 2020.

In March 2021, the most common risk to remaining open reported by businesses was the impact of restrictions (13%). This was the same as the figure recorded in December 2020 but significantly lower than in September 2020 (23%).

In March 2021, 72% of businesses in the Retail Trade industry reported that they had no risks to remaining open, which was the highest of all industries and shows evidence of their continued recovery from COVID-19.

The most commonly reported risk in September 2020 was a lack of demand for a business’ goods and services (at 27%). But this has since declined significantly to 8% in March 2021.

The long-term impact of COVID-19, including border closures and potential future outbreaks, was considered a risk by 12% of employers in March 2021, compared to 19% in December 2020. In March 2021, only 3% of employers reported that the end of financial assistance was a risk to remaining open, and only 4% considered an employee contracting COVID-19 as a risk.

The report can be viewed in full at lmip.gov.au.

ENDS

Contact:

Ellie Yates or
Claire O’Halloran 0467 940 492 media@skillscommission.gov.au