Presented By

Richard WynnRegional Director

Retail, Marketing & Digital

Luke Marshall Manager

Retail, Hospitality & Leisure

Guest Speaker

Mark DaynesCEO

Jeanswest

AGENDA

PageGroup overview

Areas of specialisation

What did we see in 2013?

Current industry trends

Salary & Employment Forecast 2014

Summary

PAGEGROUP OVERVIEWGLOBAL COVERAGE

PAGEGROUP OVERVIEWASIA PACIFIC COVERAGE

AREAS OF SPECIALISATION

WHAT DID WE SEE IN 2013?

Overall, similar trends to 2012 albeit far more cautious

Subdued domestic market influenced by mixed global economic conditions

China continued to slow The US continued to grow at a moderate pace The Euro area largely remains in recession 

Slowdown in mining had a negative impact on the economy and signalled caution to other sectors - this appears to have stabilised

Early announcement of the federal election halted business decisions

The promise of post-election movement is still yet to be fully realised

The collective effect was a relatively flat employment market

MICHAEL PAGE RETAIL

Candidate registrations

Candidates are looking to diversify their capability but have limited options

Mirrors the activity in job flow

High potential for turnover in this area due

to demands of the role

Salaries are 15% higher in this area which has retained talent

Job registrations

Increased activity in this area after a slow 12 months

Key players are entering ‘the next phase’

Increased desire for local candidates across operations

Demand for specialists in Merchandise still strong

FOOD & CONVENIENCE

7% 17%

MICHAEL PAGE RETAIL

Candidate registrations

Internal promotions are limited

Tough market conditions have halted salary and performance incentives

Planners still in high demand

De-layering and restructures are high on most companies agenda in this market

Job registrations

Highly price competitive segment of the market, ever changing technology and customer behaviour

Major departments stores considering merger

Middle market struggling for identity

Heavy investment into omni-channel has created some movement

GENERAL MERCHANDISE

22%19%

MICHAEL PAGE RETAIL

Candidate registrations

Restructures and shake ups haveincreased talent pool

Continued investment in Merchandise Planning

Australian retailers expanding offshore – Asia, USA, South Africa

Luxury end still continues to buckthe trend

Job registrations

Online retailers taking a larger slice of the pie

Local retailers investing into in-house design teams

International retailers arriving on Australian shores

Australia is viewed as a safe haven against the volatility in Europe – Projected growth = 28 international retailers opening 220 stores

FASHION

16% 12%

MICHAEL PAGE RETAIL

Candidate registrations

Third year of MP dedicated discipline

Increased H&L brand exposure

Indicative of the market – Quality Vs Quantity

Growth has slowed created employee unrest

Interest from the passive market remains strong

Job registrations12%

Portfolio expansion across QSR / Food Service has slowed significantly in 2013

Elasticity of the sector ensures hiring demand

Fewer new brands entering the market

Increase desire for senior talent across project management & commercial functions

HOSPITALITY & LEISURE

5% 21%

MICHAEL PAGE RETAIL

Candidate registrations

Global talent looking to Australia for ‘green shoots’

Off shore investors seeing retail as a good long term investment

Significant ‘Golden Handcuff’ incentives were paid out in 2013

Companies de-layering at senior management level

Job registrations

MP Retail Executive 5 years in the market

Acquisition and investment has created opportunity within this market

Retail’s sophistication has heightened the desire for specialist skill sets

Strategic merchants in demand to give retailers the edge

EXECUTIVE

12% 18%

SALARY & EMPLOYMENT FORECAST 2014SALARY & REMUNERATION

SALARY & EMPLOYMENT FORECAST 2014RECRUITMENT ACTIVITY

SALARY & EMPLOYMENT FORECAST 2014ATTRACTION & RETENTION – COMPANY PERSPECTIVE

SALARY & EMPLOYMENT FORECAST 2014ATTRACTION & RETENTION - CANDIDATE PERSPECTIVE

SUMMARY

The employment market proved to be steady throughout 2013

Continued Globalisation of the Australian market

Companies continue to focus on minimising costs

High performers at risk due to lack of financial reward

Omni-channel continues to be a major focus for traditional retailers

The outlook for 2014 continues to be cautious with some level of optimism