The PRWIRE Press Releases https:// 2016-05-30T23:10:43Z VR, AI and IoT job searches triple as Australians embrace digital technologies 2016-05-30T23:10:43Z vr-ai-and-iot-job-searches-triple-as-australians-embrace-digital-technologies     VR, AI and IoT job searches triple as Australians embrace digital technologiesIndeed data reveals Australian job seekers are searching for more roles related to virtual reality, artificial intelligence, and the Internet of Things in 2016  Sydney Australia, 27 May 2016. Job searches related to virtual reality (VR), artificial intelligence (AI), and the Internet of Things (IoT) have tripled in the last year, according to new data released by Indeed, the world’s largest job site.   According to Indeed’s data, Australian job seekers are strongly interested in where futuristic digital technologies could be taking their careers. Job searches related to AI, VR, and IoT were 276% higher in March 2016 than in March 2015, and 376% higher in April 2016 than in April 2015. The rapidly growing job searches in this field reflect strong positivity on the development and adoption of digital technologies in Australia, including the excitement around Myer’s world-first virtual reality store, the emergence of chatbots and new AI competitors, and expectations that there will be 6.4 billion connected things globally in 2016, up 30% from 2015.   Chris McDonald, Managing Director, ANZ at Indeed commented: “Australians are proactively looking at how they incorporate jobs of the future into their careers today. The growth in the VR, AI, and IoT fields are repeatedly making headlines and as businesses start to use these technologies in innovative and unique ways, the workforce is wanting to be a part of how these technologies are changing the way we communicate, shop, drive, work, and more.”   “While employers need to be aware of the various skills shortages and gaps within their business today and in the future, they should also be paying close attention to the jobs people are actually wanting to explore and apply their skills to. Providing motivating and engaging workforces, that also offer strong work-life balance benefits, should be a top priority for employers right now among the fight for talent, particularly in the technology industry.” Chris continued.  -ENDS- About Indeed More people find jobs on Indeed than anywhere else. Indeed is the #1 job site in the world and allows job seekers to search millions of jobs on the web or mobile in over 50 countries and 28 languages. More than 180 million people each month search for jobs, post resumes, and research companies on Indeed, and Indeed is the #1 source of external hires for thousands of companies (sources: SilkRoad & iCIMS). For more information, visit Indeed.com.   Online job searches increase by 85% as Aussies look to turn over a new leaf in the New Year 2016-02-12T00:05:16Z online-job-searches-increase-by-85-as-aussies-look-to-turn-over-a-new-leaf-in-the-new-year-2 Sydney, Australia, 12 February 2016 – Over half of Australians (55%) made a resolution to look for a new job in the New Year according to a new survey from Indeed, the world’s largest job site. Furthermore, only a quarter of workers are completely happy in their job and are uninterested in making a change.   Indeed has seen a 85% increase in job searches in Australia this month compared to December. Amongst the 42% of professionals either planning to search for a new job in 2016 or considering searching, over 65% believe there are more job openings in January than the rest of the year.   The survey of 1,407 Australian workers revealed that more than one in 10 (13%) Australians are looking to move into a completely different industry.   IT and mathematical roles, legal roles, and business and financial operations roles are currently the least competitive jobs on the market. While this could cause problems for employers who need to fill roles fast, it presents huge opportunities for job seekers to progress up the career ladder by changing jobs or starting work in a new industry with high demand for skills.   On the other hand, those looking for a job in healthcare support, the farming, fish and forestry sector, or general maintenance roles face stiff competition, with these jobs heavily over-subscribed.   For those looking for a new job in their current industry, Australian workers stated reasons including being dissatisfied with their salary (30%), lack of opportunities for job growth at their current company (29%), being bored with their current job (21%), and being unhappy with their direct manager (19%).   Although they evidently approach the task with enthusiasm, Australians face challenges when searching for a new job. Respondents reported their two biggest problems are an increase in the number of people applying for the same job (51%) and the lack of jobs available in specific sectors (45%).   Chris McDonald, Indeed MD, ANZ, commented: “The New Year represents an exciting time in the Australian job market. Job searches are up, but therefore so is competition for roles. Job seekers should look into which industries are undersubscribed and consider whether they have the skills to fulfil these roles.   “It is also important that job seekers don’t put too much pressure on finding the right job simply because of the time of year. Staying on top of new opportunities by using job alerts and keyword searches will help companies and job seekers find the right fit for vacant roles all year round.” # # # About the survey The national survey was conducted online by Censuswide on behalf of Indeed from December 12, 2015 through January 4, 2016, and included a representative sample of 1,407 workers across varying industries.  About Indeed More people find jobs on Indeed than anywhere else. Indeed is the #1 job site in the world and allows job seekers to search millions of jobs on the web or mobile in over 60 countries and 29 languages. More than 180 million people each month search for jobs, post resumes, and research companies on Indeed, and Indeed is the #1 source of external hires for thousands of companies (sources: SilkRoad & iCIMS). For more information, visit indeed.com.   For Indeed media and press inquiries, please contact Hotwire PR: Eleanor Sampson / Lee Efrossynis AU-Indeed@Hotwirepr.com +61 (02) 8985 7294 / 7287     Interest in flexible work more than doubles in Australia’s sluggish labour economy 2016-02-01T22:34:22Z interest-in-flexible-work-more-than-doubles-in-australia-s-sluggish-labour-economy Sydney, Australia, 02 February 2016 – Indeed, the world’s largest job site, has revealed today that job seekers in Australia are searching for flexible work two and a half times more often than they were two years ago.   Interest in flexible work (measured by online job searches that include terms such as “remote”, “work from home”, “weekend”, “part-time” and “telecommute”) has increased by 42.1% over the last two years in nine of the 12 countries studied, including Australia. Australia stands out significantly as undergoing an exponential increase, in comparison to the gradual rise in countries like the US, Japan, and Germany. More than half of the top 50 keywords associated with searches for flexible work globally are related to high-skilled jobs, and many are in the tech and healthcare fields, where talent is scarce. In Australia, the occupations most likely to receive interest for remote work are computer and mathematical, healthcare support and management occupations.   Furthermore, Australia is in the top five countries globally for temporary work opportunities, behind only Italy, Luxembourg, France and Belgium. A third of Australian jobs posted on Indeed are temporary, and one in 10 Australian jobs are part-time. In addition, the local ‘Gig Economy’ is small but growing, adding more flexible roles to the labour market.   Indeed Chief Economist, Tara Sinclair, commented: “Employers are underestimating the interest from highly-skilled workers in flexible options. New technologies have given rise to new ways of working, and Australian job seekers now want to have a greater say in when and where they work.”  Australia’s job market mismatch   Against this trend of changing work patterns, Indeed data also reveals that more than one in 10 Australian jobs take longer than two months to fill. This delay in filling roles is affecting Australia’s economic outlook, as employers are becoming increasingly unable to properly manage their workforce to increase productivity.   Of the 12 biggest economies, only five countries find it more difficult to fill roles than Australian employers.  Percentage of jobs unfilled on Indeed after 60 days: 1. United States - 25.84% 2. Germany - 20.00% 3. Canada - 18.70% 4. France - 16.07% 5. United Kingdom - 13.09% 6. Australia - 11.66% 7. Japan - 11.12% 8. India - 10.22% 9. Italy - 9.28% 10. Brazil - 7.2% 11. Russia - 1.84% 12. China - 1.42%   In fact, Australia has a talent shortage in all of the sample job titles analysed by Indeed, with many sectors having double the amount of open roles compared to interest from job seekers.   Indeed Chief Economist, Tara Sinclair, commented: “The mismatch between what employers need, and what job seekers are looking for in Australia is hindering productivity growth. On one hand, the end of the mining boom has left workers with highly specialised skills such as engineering out of work. While in other areas, such as technology, employers are struggling to find enough workers with the right skills.   “Given the problem Australian businesses have filling vacant roles, and the huge interest from job seekers for more flexible work, employers need to consider how to attract the best talent by offering flexible options and being more open-minded about the exact skill-sets they’re looking for.”   You can read the full report on unfilled jobs and other labour market trends for 2016 in the latest Hiring Lab research report: indeed.com/hiringlab.   ENDS  About the Hiring Lab The Hiring Lab is Indeed’s proprietary research arm focused on examining emerging employment trends. The lab is headed by Tara Sinclair, Chief Economist at Indeed and Associate Professor of Economics and International Affairs at The George Washington University.Labor Market Outlook 2016: Uncovering the Causes of Global Jobs Mismatch is the sixth Hiring Lab report issued by Indeed. Previous reports include: Beyond the Talent Shortage: How Tech Candidates Search for Jobs (September 2015) The Talent Driven Economy: Emerging Interests of Today’s Job Seeker (May 2015) Three Generations of Talent: Who’s Searching for Jobs Today (December 2014)  Where People Search for Jobs: Cross-Border Labor Mobility Report (July 2014) What Job Seekers Want: Occupation Satisfaction & Desirability Report (March 2014)  About Indeed Indeed is the #1 global job search engine available in more than 50 countries and 28 languages. More than 180 million people each month search for jobs, post resumes, and research companies on Indeed, and Indeed is the #1 source of external hires for thousands of companies. Visit Indeed.com.   Indeed says flexibility and technical skills are the solutions to Australia’s talent shortage 2015-06-03T22:25:31Z indeed-says-flexibility-and-technical-skills-are-the-solutions-to-australia-s-talent-shortage Sydney, 4th June 2015, 09.00AM AEST – Indeed.com, the world’s largest job site, has today revealed three data-led trends affecting the Australian labour market as part of the Vivid Ideas Future of Work program. The trends are:   1. Every company is now a technology company and it’s creating a skills shortage[i] Worldwide, only one in four software developers work for software companies Five of the 10 most chronically unfilled jobs in Australia are technology related Many chronically unfilled IT roles are the jobs that should be driving either revenue or innovation for Australian-based companies, meaning the country is struggling to remain competitive   2. The Internet is globalising labour. Skilled labour crosses borders and smart companies follow[ii] 9% of skilled labour globally is actively looking for jobs abroad One in four job seekers in Australia looks at opportunities outside of the country One quarter of the world’s educated population resides in just 100 cities. Companies are following the talent; Aussie start up Atlassian’s new office in Austin is a good example of this   3. With fewer physical constraints to work, the age of the nine-to-five job is under attack. There is increased pressure for workplace flexibility[iii] After pay, flexibility is the most important requirement for Australian workers and jobseekers, with 51% of respondents to an Indeed survey stating this Two out of three Australians would consider earning extra money by working for on-demand services such as Airtasker, Freelancer.com or Uber 76% say nine-to-five employment model is too inflexible   Paul D’Arcy, SVP, International at Indeed commented: “The future of work is all about how to train, attract, and keep the best people. The right people and skills are crucial to a healthy working economy.   “The good news is that Australia is a top world destination for talent, which can be a foundation for job creation and economic growth. However education, policy, and immigration must all work together, hand-in-hand with businesses to help Australia remain competitive.   “Ultimately, we predict that labour markets will restructure themselves to better use existing talent, and to create more opportunities for a more of the population. Flexible roles and the growth of on-demand services like Uber are evidence of this starting to happen. Australian companies can attract the best talent by offering increased flexibility, which is a top priority for talented job seekers.”   The Future of Work is a new event taking place on 4th June at Google in Pyrmont, Sydney, as part of the Vivid Ideas program at Vivid Sydney, the world’s largest festival of light, music and ideas. Speakers including Indeed’s Paul D’Arcy have explored the ways the nature of careers are changing and how Australia compares on the world stage. Images can be found here.   ENDS  About The Future of Work For more information go to vividsydney.com/futureofwork and to view the full Vivid Ideas program visit vividsydney.com/ideas.  About Indeed More people find jobs on Indeed than anywhere else. Indeed is the #1 job site in the world and allows job seekers to search millions of jobs on the web or mobile in over 50 countries and 28 languages. More than 180 million people each month search for jobs, post resumes, and research companies on Indeed, and Indeed is the #1 source of external hires for thousands of companies (sources: SilkRoad & iCIMS). For more information, visit Indeed.com.   [i] Sources: Indeed’s data and CEBR analysis for Indeed’s Empty Desk Report 2014, Stack Overflow Developers Study 2015 [ii] Sources: Indeed’s Mobility Hiring Lab 2014, Euromonitor International [iii] Sources: Indeed survey conducted by Harris Poll 2015, Airtasker Future of Work Report 2015   Indeed 2014 Revenue: $434 Million, 71% Year-over-Year Increase 2015-05-20T22:52:27Z indeed-2014-revenue-434-million-71-year-over-year-increase Indeed 2014 Revenue: $434 Million, 71% Year-over-Year Increase Commitment to Job Seeker Continues to Fuel Company Growth   AUSTIN, Texas – May 19, 2015 – Indeed, the leading worldwide job search engine, generated $434 million of revenue in 2014, 71% higher than the previous year.  Over its ten-year history, Indeed’s intense focus on serving job seeker needs has resulted in its becoming the most visited job site in more than 10 countries, including the US, with over 180 million unique visitors per month.*  “Our mission is to help people get jobs,” said Indeed CEO Hisayuki Idekoba. “The last 10 years have reinforced the benefits of this strategy as we’ve focused on getting as many of the world’s jobs as possible on the site. As we’ve become the number one global destination for job seekers, employers have had access to a growing pool of qualified candidates.” Indeed gives candidates free access to millions of jobs from thousands of company websites and job boards in over 50 countries. The majority of Indeed’s traffic now comes via mobile devices, as Indeed is the number one mobile job app for iOS & Android in the US and 20 countries. Indeed provides a wide-range of employers, including two-thirds of Fortune 500 companies, with the most cost-effective source of qualified candidates across all industries, functions and job levels. Indeed’s global reach has expanded with its growth, and since launching its first site outside the US in 2009, Indeed has become the number one job seeker destination in the United Kingdom, Canada, France, the Netherlands, and several other countries.  To support that that growth, Indeed established a European presence in Ireland in 2012, and has also opened offices in Australia, Canada, France, Germany, Japan, The Netherlands, and the UK. Indeed’s headcount grew by nearly 50% in 2014, and the company expects to continue to expand its workforce in 2015. Employers have directly posted over 12 million jobs to Indeed over the last two years, and Indeed recently announced that employers will be able to list the majority of their jobs on Indeed for free. The move bucks the recent trend by many hiring sources, as such Craigslist and LinkedIn, of increasing the cost of job listings. About Indeed Indeed is the #1 global job search engine available in more than 50 countries and 28 languages. More than 180 million people each month search for jobs, post resumes, and research companies on Indeed, and Indeed is the #1 source of external hires for thousands of companies, visit Indeed.com.   # # #   *Indeed Solidifies Position as #1 Worldwide Site for Job Seekers: Traffic Nearly Double Other Sites,http://press.indeed.com/press/indeed-solidifies-position-as-1-global-site-for-job-seekers-traffic-nearly-double-other-sites/       Over Half of Australian Small Businesses Struggle to Hire 2015-05-19T22:22:04Z over-half-of-australian-small-businesses-struggle-to-hire Sydney, 20th May 2015 – 400,000 Australian SMBs will hire someone in the next six months, according to research released by Indeed.com, the world’s largest job site. The research of over 500 Australian SMBs found that over half (53%) struggle to find the right people for open roles.   The main challenges reported by SMBs include finding someone who fits the company culture, and attracting candidates with the best skills. Finding the right person is much more important to small businesses than finding someone quickly – only 4% are worried about not hiring someone quickly.  Mobile mismatch   Previous research by Indeed revealed that 65% of Australian jobseekers are using mobile devices for their job search but most SMBs have no mobile recruitment strategy, putting them at a disadvantage.   While job seekers overwhelmingly search online and on mobile, small businesses looking to hire are using personal contacts and newspapers. More than 50% of SMBs are still relying on personal contacts for recruitment and only 8% are sure they are able to accept job applications from mobile devices.   While some SMBs are choosing job websites and social networks to find staff, many are lagging behind in the digital age. One reason for this is cost – two thirds of small businesses feel that recruitment advertising is expensive.  Transient employees help SMBs manage busy periods   Around half of SMBs consider hiring casual employees, with a quarter saying they help manage busy periods. 15% also feel that hiring on a casual basis is the most cost-efficient for their business.   However more than a third of SMBs only hire on a full-time, permanent basis, meaning they may be missing out on great candidates by not taking the trend towards a more flexible workplace into consideration. Part-time and casual are consistently in the top ten searches on Indeed in Australia, revealing the high demand for these roles. Suzanne Clark from Bunbury Turf Club Australia said: “The Bunbury Cup is a peak period for us where we need to scale up very rapidly going from 30 staff to 160 staff. “Our biggest problem when hiring used to be sourcing enough qualified hospitality staff to meet our huge demand. Without getting enough staff, we wouldn't be able to deliver a good event.   “Since working with Indeed, we have been able to improve this. This year I received over 100 applications straight to my email. We’ve found the free job postings, the ability to accept mobile applications, and their dedicated small business team particularly valuable.”   Chris McDonald, Managing Director at Indeed, ANZ said: “Small businesses face particular challenges when filling a role. They have less time, experience and HR resources to devote to recruiting, and they compete with larger and more established companies for the best candidates.   “Having jobs listed on mobile and accepting mobile applications is crucial to reaching the best candidates. If that’s where job seekers are looking, that’s where small businesses have to promote their roles. Remember that the cost doesn’t have to be prohibitive - there are free resources out there for SMBs, including Indeed.”  Other findings that Australian SMBs reported: Out of those hiring, 43% identified replacing existing staff as the primary reason for recruiting. Growth is the next biggest reason for hiring 47% would consider hiring a casual employee 41% worry about writing a good job description to attract the best candidates 13% of SMBs are using recruitment agencies Only 19% are worried about the time needed to make a hire  ENDSAbout the data The research, undertaken in April 2015, interviewed 506 small business in Australia, weighted by state populations. Small businesses were defined as those with under 20 employees.  About Indeed More people find jobs on Indeed than anywhere else. Indeed is the #1 job site in the world and allows job seekers to search millions of jobs on the web or mobile in over 50 countries and 28 languages. More than 180 million people each month search for jobs, post resumes, and research companies on Indeed, and Indeed is the #1 source of external hires for thousands of companies (sources: SilkRoad & iCIMS). For more information, visit Indeed.com.   Indeed Solidifies Position as #1 Worldwide Site for Job Seekers 2015-04-08T00:43:13Z indeed-solidifies-position-as-1-worldwide-site-for-job-seekers-1   180 million unique visitors Over 46 million apps downloaded Over 6 million employers reviews  SYDNEY, Australia – April 8, 2015 – Indeed announced today that it had solidified its position as the #1 worldwide job search site, with global traffic nearly double that of other job sites. Indeed attracted a record 180 million unique visitors per month in Q1 2015, up from 140 million unique visitors per month in Q2 2014. Indeed is currently available in more than 50 countries and 28 languages.   “Indeed continues to expand its global community of job seekers,” said Indeed SVP Paul D’Arcy. “As labor markets tighten in 2015, people looking for jobs are more in control of their destiny, and many are actively looking for their next position. With over 16 million postings, and 8.2 jobs posted every second, Indeed is the preferred job seeker destination.”     Indeed is also the choice of job seekers who choose to look for their jobs on mobile devices. The Indeed app has been downloaded over 46 million times globally, including over 20 million downloads in the US. Over 50% of Indeed’s traffic now comes from mobile devices, and Indeed is the number one iOS and Android app in over 20 countries, including the U.S.   In addition, Indeed is the preferred site for employer reviews with over 6 million reviews available. This is a value resource for job seekers, as 83% of people looking for jobs indicate that reviews influence their decision on whether or not to accept a position.   “These are impressive numbers but the most important measure of success for Indeed is the number of job seekers who have used Indeed to find the right opportunity,” says D’Arcy. “We’ll continue to build on Indeed’s mission bringing employers and qualified candidates together.”  About Indeed Indeed is the #1 global job search engine available in more than 50 countries and 28 languages. More than 180 million people each month search for jobs, post resumes, and research companies on Indeed, and Indeed is the #1 source of external hires for thousands of companies (sources: SilkRoad & iCIMS). For more information, visit Indeed.com.   Australian Businesses are Leaving Jobs Unfilled, Despite Rising Unemployment 2015-03-27T00:28:55Z australian-businesses-are-leaving-jobs-unfilled-despite-rising-unemployment-2    Sydney, Australia, 27 March 2015 - Today the world’s largest job site, Indeed, and the Centre for Economics and Business Research (Cebr), have released a report into how long it takes to fill job openings. It reveals that Australian businesses often struggle to find the right people to fill jobs, despite rising unemployment nationwide.   The report examines the differences in recruitment timelines across 18 industries and five cities in Australia. It was revealed that on average one in four (28%) of job vacancies remain unfilled after one month. 13% of job vacancies are still open after three months. This means that if a job vacancy is not filled within the first month, there is a 44% chance that the vacancy will remain open for three months or more.   These delays can have serious consequences for businesses, potentially resulting in longer working hours and lower quality work as a result of staff shortages. This in turn can reduce morale and lead to higher staff turnover, ultimately raising hiring costs to the business further down the line.   Paul D’Arcy, SVP at Indeed said: “This research demonstrates that employers must keep a close eye on the time taken to fill positions. We have identified a ‘tipping point’ of 30 days. If a position remains unfilled after the first month of it being advertised, it is highly likely that the employer will struggle to fill this role within three months – meaning a potentially negative impact to the productivity of their business.”  Industry and Regional Breakdown   Across the 18 industries studied, the hospitality sector has the greatest difficulty finding the right candidates, with over a fifth (22%) of advertised positions reaching the three-month mark. This is followed by the information and communication sector, where 17% of vacancies made it to the three-month mark. In fact, over a third of the top 20 hardest jobs to fill in Australia are IT roles. The third most-affected sector is transport and storage.   The education sector has the least difficulty recruiting new employees: just under 8% of job vacancies were advertised for three months or more. The administrative and support services sector, which includes activities such as office administration, travel agents and security services, is also able to fill job vacancies quickly.     There is some variation in recruitment across Australia’s five most populous cities. Sydney has the highest proportion of vacancies taking three or more months to fill, estimated at 14.4%. Conversely, Adelaide has the lowest proportion of vacancies taking three months or more to fill, estimated at 12.3%.   Paul D’Arcy, SVP at Indeed said: “Seeing sectors such as hospitality and IT struggle to fill jobs is a signal to the Australian economy. Despite a backdrop of rising unemployment, especially amongst young people, there are still industries that experience challenges filling specialised roles. This data suggests that companies need to implement strategies such as training, upskilling or sponsorship to accelerate the recruitment pipeline where demand outstrips supply in Australia.   “However, the number of jobs remaining unfilled for long periods of time is lower in Australia than in other markets, such as the US, the UK and Germany. Today the labour market in Australia favours employers, who are able to fill most of their positions relatively quickly by global standards.”   ENDS  About the data Using Indeed’s job advertisement data, the Centre for Economics and Business Research (Cebr) assessed how long it takes businesses to find suitable candidates. The length of time it takes for a company to fill job vacancies with the right people for the job can be a key determinant of their ability to expand and drive the economy forward. All data is from April 2013 to April 2014 unless otherwise stated.  About Indeed More people find jobs on Indeed than anywhere else. Indeed is the #1 job site in the world and allows job seekers to search millions of jobs on the web or mobile in over 50 countries and 28 languages. More than 150 million people each month search for jobs, post resumes, and research companies on Indeed, and Indeed is the #1 source of external hires for thousands of companies (sources: SilkRoad & iCIMS). For more information, visit Indeed.com.       Research finds potentially nearly $6.7B lost annually due to unfilled job opportunities in Australia 2014-12-09T00:54:42Z research-finds-potentially-nearly-6-7b-lost-annually-due-to-unfilled-job-opportunities-in-australia  Research finds potentially nearly $6.7B lost annually due to unfilled job opportunities in Australia ▪       In a typical month ‘empty desks’ over a month old represent $561M in potential economic output, or 0.5% of GDP ▪       There are five unemployed people for each vacant job, as workforce participation slips and unemployment rises ▪       However more than one in 10 jobs in Australia remain open for at least three months  SYDNEY, Australia – 9th December, 2014 – Indeed, the world's leading job site and global hiring resource, has launched research which reveals the economic cost of unfilled jobs in Australia – a potential loss of nearly $6.7B annually.   There are a number of industry sectors in which unfilled jobs have greater impact. These are mining, construction and professional and technical services. In a typical month, unfilled positions in these three industries collectively represent over $221M in lost GDP*. Unfilled roles in mining represent $103M of this.   The inability of an individual business to find and recruit the right hire for a role impacts the economy in two major ways. Failure to effectively resource a business slows both productivity and profits, relying on existing workers to cover skill shortages by working more hours under increased pressure. From a jobseeker perspective, the inability to earn an income or spend a salary reduces an individual’s contributions to overall economic growth.   The Cebr report, commissioned by Indeed illustrates the importance of building a strategic recruitment function, as the ability to hire the right employee for each role affects Australia’s ability to meet it’s full potential economically.   Paul D’Arcy, Senior Vice President of Marketing at Indeed, commented: “The need to fill empty desks is an economic imperative, and the figures in this report should act as a wake-up call to Australians.   “For today’s jobseekers, competition is increasing. Unemployment is still low, but it’s been rising over the last twelve months. While it may seem like businesses currently hold all the cards, and shouldn’t have a problem filling vacant roles given the number of people looking for work, our research shows otherwise. Companies can’t always fill roles quickly, suggesting that people with the right skills are difficult to come by.”  Empty desks in the context of the current Australian economy   While Australia’s labour market is healthy by international standards, unemployment has risen to around 6% during 2014, the highest it’s been for several years. In 2011 there were three unemployed people for every vacant job in Australia, which has since risen to five people in 2014. On top of this, job creation has started to decelerate, in line with slowed economic growth. For those looking for work, this means that the competition for jobs has intensified.   In addition, participation rate in the workforce is slipping. Australian workers’ weakening attachment to the labour market means people are stopping applying for roles. This contributes to the finding that more than one in 10 jobs in Australia remain open for at least three months. A large number of unfilled, open roles may well cause problems for the economy in the years ahead.  Key findings from the report   ●     AU$6.7B is the annual potential value of unfilled job opportunities in Australia.   ●     Unemployment is rising slowly and labour market participation is falling. A large number of unfilled roles may well cause problems for the economy in the years ahead.   ●     Many businesses have to wait for significant periods of time to find the right person for the job, with 13% of openings in Australia remaining open for at least 3 months.   ●     For those that can achieve reductions in the time it takes businesses to fill job vacancies, there are clearly significant economic gains to be made and greater amounts of economic potential can be unlocked by better matching the right people to the right job opportunities.   ●     For the wider economy, the efficient matching of potential employees to businesses through the labor market is key to supporting healthy levels of employment and household incomes, while allowing businesses to reach full productivity.  ENDS  *GDP: a measure of goods and services produced within an economy and the income generated by that economy  About Indeed More people find jobs on Indeed than anywhere else. Indeed is the #1 job site in the world and allows job seekers to search millions of jobs on the web or mobile in over 50 countries and 28 languages. More than 150 million people each month search for jobs, post resumes, and research companies on Indeed, and Indeed is the #1 source of external hires for thousands of companies (sources: SilkRoad & iCIMS). For more information, visit Indeed.com.  About the data Using Indeed’s job advertisement data, the Centre for Economics and Business Research (Cebr) assessed how long it takes businesses to find suitable candidates. The length of time it takes for a company to fill job vacancies with the right people for the job can be a key determinant of their ability to expand and drive the economy forward. All data is from April 2013 to April 2014 unless otherwise stated.