Presented by

Michael Page

February 2015

Global economic environment

The Australian economy

Salary & Employment Forecast

Continuing and emerging business trends

Spotlight: Gender diversity

Summary

Questions

Agenda

The Road Ahead 2015

Global economic environmentGrowth rate of the world economy

Source: International Monetary Fund

Global economic environmentGDP growth forecasts

Source: ANZ Economics & Markets Research

2014 2015 Forecast Overall Outlook

World 3.3% 3.9% Grinding higher

US 2.3% 3.2% Leading the way

Euro zone 0.8% 1.3% Slowly but surely

China 7.5% 7.0% Trending lower

Australia 3.1% 2.9% Still transitioning

New Zealand 3.1% 3.0% Slowing down slightly

The Australian economyAnnual GDP growth – New South Wales

Source: ABS

The Australian economyAnnual GDP growth – Queensland

Source: ABS

The Australian economyAnnual GDP growth – Victoria

Source: ABS

The Australian economyAnnual GDP growth – Western Australia

Source: ABS

The Australian economyUnemployment rate

Source: Thomson Reuters

The Australian economyEmployment by industry

Source: ABS

The Australian economyThe experts’ opinions

“We expect 2015 to be a year of moderate gains as the

global economy grinds up a gear.”

Stewart Brentnall - Chief Investment Officer, ANZ Bank

“We expect growth in the Australian economy to

gradually improve in the year ahead.”

Lindsay Maxsted - Chairman, Westpac

“The unemployment rate is expected to remain

elevated, declining in 2015 when we anticipate GDP

growth to be picking up to an above-trend pace.”

Philip Lowe - Deputy Governor, Reserve Bank of Australia

“We expect the unemployment rate to peak in H2 2014

before falling through 2015.”

Paul Bloxham - Chief Economist, HSBC

Increasing business confidence throughout the year will equal greater candidate

confidence

C-suite restructures are leading to increased hiring activity

Businesses are generally positive about the outlook for 2015

Job growth is expected to increase gradually throughout the year.

The Australian economyRecruitment activity

Salary & Employment ForecastRecruitment activity

Strength of current hiring activity

compared to the last 12 months

Expecting to increase headcount

Salary & Employment ForecastSalary and remuneration

Salary increases over the next 12

months

Average percentage salary increase

over the next 12 months

Salary & Employment ForecastAttraction and retention

Key reasons employees are likely to leaveEmployer expectations for staff

turnover in the next 12 months

Most popular options offered to support

employees’ work/life balance

Most popular tools for attraction

and retention

Salary & Employment ForecastAttraction and retention

Continuing and emerging business trends

Trend From To

The shape of businesses Hierarchical De-layered

Business change Large business restructures Small to incremental change

Sourcing talent Local Global

Candidate motivators Money and statusCulture and strong Employee Value

Propositions (EVP)

The use of technology Limited and at times slowMany new options with increased

speed of change

Employer branding Limited or no strategy Introduction of EVP

Diversity and inclusion Limited or no strategyStructured programs to attract and

retain best talent

Spotlight: Gender diversityWhy focus on diversity?

Spotlight: Gender diversityWhy focus on diversity?

Spotlight: Gender diversityKey diversity topics

Spotlight: Gender diversityPositive results

Spotlight: Gender diversityChallenges

Spotlight: Gender diversityReview and action

Spotlight: Gender diversityReview and action

Spotlight: Gender diversityMale Champions of Change

The Male Champions of Change was established

in April 2010 by Elizabeth Broderick, the

Sex Discrimination Commissioner

The group comprises of 21 CEOs, department

heads and non-executive directors from across

business and federal government

The goal of the group is to make a significant and

sustainable change to the low levels of women in

leadership in Australia

Over the last two years they have shared ideas

with each other and focused on taking action

within their own businesses

They have devised a 12 point plan to effect

gender diversity change.

Spotlight: Gender diversityMale Champions of Change 12 point plan

Stepping up as leaders

1. It starts with us

2. Bring your top team with you

3. End the leadership lottery for women (Inclusive Leadership)

Creating accountability

4. Lead on gender reporting

5. Implement Plus One initiatives

6. Drive a supplier multiplier

Disrupting the status quo

7. Ask ‘50/50: if not, why not?’

8. Raise the bar on women’s careers

9. Mainstream flexibility

Dismantling barriers for carers

10. Get the basics right

11. Build environments where parents and carers thrive

12. Support an expansive review of caring, including childcare options

Summary

Global economy is expected to grow in 2015

Stronger growth in major developed economies will support growth in the ANZ region

The transition of the economy to stronger non-mining demand will continue

Non-mining investment has picked up speed over the last year

Unemployment is expected to trend downwards

Key emerging trends will be Employer Branding and Diversity & Inclusion

The outlook for 2015 is positive.