Straight out of uni into 6-figure incomes…Aussie grads on $100k salaries

1. WEEKLY INSIGHT

203 Lawyers in Perth, 50 Job Openings, 104 Legal Professionals open to work… but over 50% of them are eyeing opportunities interstate or overseas.

• ABS forecasts show that in 2026, we will need over 300,000 accountants, which is almost 10,000 extra each year.
• Yet the number of grads has halved (10k shortage per year) (Thomas Palmer, 2024).
• Graduate Lawyers hit a record in Sydney on $100k p.a (AFN 2024)
• Over the past year 754+ lawyers have changed jobs in Perth alone (LinkedIn Insights, August 2024).

2. HR & IR + LEADERSHIP

Over 100,000 Aussies will be unemployed in the next year.

Over the past year, permanent job opportunities fell 16.9% (Seek, 2024). Due to:

1. Low business confidence
2. Flex-work schedules favoured over permanent

• In Australia the unemployment rate is currently 4.2%.
• It is expected to peak at 4.5%, raising fresh concerns that the Australian economy may be on the verge of entering a recession.

3. TEAM DIARY

Private Companies Enact Massive External Hiring Freeze: Opting for in-house ups-killing.

For employers, now is the time to hire skilled recruiters:

• The market is saturated, where we would usually see 80 applicants, we now see almost 500.
• Recently at marvinHR, one of our leading recruiters scanned through 400 applications for a senior role in 3 hours, thats nearly 133 per hour.
• Unlike commission-based recruitment firms, our priority is the long-term. Over 80% of our placements remain in their roles for at least 1.2 years.

At marvinHR we have built a trust-based relationship with the Perth talent market. Every week, we highlight the most exceptional talent in the legal and accounting fields. This week’s gazette will be released on Friday, see the links below.

4. THIS WEEKS TOP 4 READS

1. MARVINHR ACCOUNTING GAZETTE, by Senior Accounting Recruitment Consultant: Madhuri Vellayan
2. MARVINHR LEGAL GAZETTE, by Legal Talent Acquisition Partner: Saarrah Mathinthiran
3. In July Australian unemployment jumped to 10.1%; highest unemployment for a year since August 2023 as part-time jobs were lost in July following the Mid-Year sales
4. Australia Post 3,000 job hiring blitz: ‘No extra experience needed’