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Five candidates for every advertising and marketing vacancy

Advertising and marketing jobs have been the hardest hit professional sector in Australia, with five times as many unemployed execs as there are advertised vacancies, according to a  survey published today. Just three months before that ratio had been closer to two to one.

According to the Clarius Skills Index, which covers the first quarter of 2009, there were 3,500 unemployed sales, advertising and marketing professionals and only 720 unfilled positions. In the previous quarter there had been 2000 unemployed in the sector and 990 unfilled positions.

The study – commissioned by Clarius – is carried out on a quarterly basis by KPMG. By comparing the number of job seekers to the number of unfilled vacancies, the study produces an index. A scpre of 100 shows equal supply and demand. In the advertising and marketign sector, the index now stands at 97.9, the worst for job seekers in nearly five years.

According to Kym Quick, executive GM of search firm Lloyd Morgan, the results suggest advertising and marketing is the hardest hit of all sectors. However, demand for FMCG marketers is holding up while finance is the worst hit.

She said: “Management level roles continue to be slashed and this is by far the area feeling the most pain in the current market – particularly at the $200K plus level.”

And she warned: “Any activity that is occurring in this space is largely the result of organisational restructure and re-engineering rather than the creation or, in some instances, the replacement of existing roles at a senior level.

“Although we are continuing to see demand for revenue generating sales staff, this is also softening as organisations consolidate and realign their sales functions. The challenge here for companies is getting the balance between cutting costs at the risk of future growth right.”

Meanwhile sales people are being increasingly asked to put their money where there mouth is and work mainly for commission, she said.

“A trend emerging is the in-demand sales employees who have demonstrated experience and success are tending to stay with current employers rather than risk moving to a new organisation regardless of what is on offer. The exclusion to this trend is those being asked by employers to work for less base salary putting more of their fixed remuneration, sometimes all of it, at risk. Staff in these scenarios are actively seeking to move but this does not lead to increased demand as there are no new jobs being created, just those being refilled.”

And she warned that canddiates desperate for jobs are driving down salaries by underbidding. She said: “Wages and salaries in this space are continuing to show signs of downward pressure as the fewer number of roles tends to increase competition amongst the available talent. Interestingly it appears to be the candidates putting the pressure on as opposed to employers consciously dropping salary ranges. With the intense competition for each role, highly qualified candidates are trying to make themselves more appealing by proposing lower salary expectations.”

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