Reduction in commodity prices affects recruitment

Hiring of mining and construction professionals decreased in quarter three, according to the latest Mining Job Market Update from specialist recruitment consultancy Robert Walters.

The update found the reduction in coal price, coupled with ongoing uncertainty in financial markets impacted employment levels. The availability of capital also affected the ability to operate and proceed with projects.

However, hiring in the metals and oil and gas sectors continued, particularly for site based technical staff. The commodity prices in these areas remained steady and investment continued, particularly for the gold producers, as demand for their commodity and its price remained high.

Adam Harris, manager of mining recruitment adds, "The mining sector encompasses more than commodities and there are signs the industry will recover in early 2013. Although the general media is reporting „the death of coal and mining‟, the industry is cyclical and will rebound. Project professionals who were made redundant will be rehired, as will many of the contractors who were let go from their site based roles. Confidence will return and we expect a good recovery."

The update also found that candidates with mine geology, geotechnical or engineering specialisations remained in high demand during quarter three. The shortage of these people in the Australian market continued to hinder many resource projects in the pipeline.

For a full report of quarter three trends, download the latest Mining Job Market Update here.

For more information please contact Lillian Hafez on +61 2 8289 3237 or lillian.hafez@robertwalters.com.au.

About Robert Walters
Robert Walters is one of the world‟s leading global recruitment consultancies, specialising in the placement of permanent, contract and temporary positions across all levels of seniority.
Our teams of professional consultants are renowned for their professionalism, integrity and exceptional recruitment consultancy services. Using a flexible approach to recruitment, we are committed to matching client needs to candidate aspirations to create mutual benefit for both. In Australia we have offices in Adelaide, Brisbane, Chatswood, Melbourne, Parramatta, Perth and Sydney.