Australian Grads: ready to relocate for graduate jobs

I ended up being a bit under the weather last week so the blog post from last week is now this weeks blog post.

While I was off work recuperating, I started thinking again about our very first blog post which looked at the most popular location for graduate jobs in Australia. Our very first blog post was about how Melbourne was the most attractive city for graduate job hunters and re-reading it over the week got me thinking about how ready Australian graduates are to relocate for their first graduate job on leaving university.

From that first blog post we found that 55% of graduate job hunters were interested in Melbourne as a place to take up their first graduate position. This fact gets even more interesting when you consider that only 30% of the visitors to our site were actually based in Melbourne to begin with.

Relocate? Sure why not

Relocate? Sure why not

To take things a step further I thought it would be interesting to have a look at how many graduates were interested in relocating to multiple cities after they had finished up at university, so as you do when you’re sick, I ended up sitting down and hitting our database to see how many graduates were interested in relocating to secure their first graduate job and the results were as follows:

Relocation Locations	% of Graduate Respondents
3	39.5%
2	16.5%
1	44%

The Breakdown

This is an interesting insight into the attitude of graduates as they are searching for their first graduate job as it shows 3 distinct mindsets.

Firstly there are the 44% of grads who only want to work in one location after they finish their university studies. My thinking on this is that these graduates either want to work and live in their home town or the town they have relocated to for university.

The next group which accounts for 16% of graduates are interested in moving to 2 locations. I think this shows that these graduates have relocated for university and would want to either stay where they are studying or return to their home town.

The remaining 39% of graduates are out to work in 3 or more locations after they finish studying which shows that a large proportion of graduates coming out of university in Australia are very flexible and are keen to do whatever it takes to find a good opportunity. I think this is the group I would have fallen into when I finished studying at university as I was keen to move anywhere  I could secure an opportunity, I even considered going to Norway at one point.

Summing Up

So it seems that the majority of Australian graduates, 56% to be precise, are motivated to relocate once they finish studying which is a good sign for locations such as Western Australia, Queensland and Canberra as these centres do have a high demand for graduates but don’t’ have the largest numbers of graduates studying there compared to Sydney and Melbourne.

Source  :  http://www.gradconnection.com.au/blog/goverment-graduate-recruitment/australian-graduates-ready-to-relocate-for-graduate-jobs.html

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Superannuation on the rebound

SUPERANNUATION balances have recovered about $70 billion in the past few months as the share market continues to gain ground.     

The average growth fund is believed to have jumped another 1 per cent in May, adding $10 billion to balances.

This takes the recovery since February to about 7 per cent, or $70 billion.

According to independent research house Chant West, despite recent improvement, the average growth fund is still forecast to lose 13 per cent for the financial year.

Chant West investment research analyst Mano Mohankumar said yesterday results were still being held back by the share market and an continuing fall in unlisted assets, expected to show up to a 25 per cent loss for the year to June.

A separate survey released yesterday showed the downturn has put retirement plans of hundreds of thousands of Australians in doubt

Every second retiree or soon-to-be retiree had lost up to $50,000 in the past year from retirement savings or investment portfolios. About one in three had lost up to $100,000, it said.

The Bankwest survey, Retiring in the Downturn, said retirement plans of 74 per cent of older Australians had been disrupted.

“While younger Australians have years to recover, many retirees have little chance to recover lost wealth,” Bankwest’s Ian Corfield said.

Source  :   www.news.com.au

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Daylight Saving Result

The votes have been counted and WA has again rejected daylight saving.

For the fourth time in 34 years West Australians gave daylight saving the thumbs down.   West Australians have rejected daylight saving in what will be the final referendum during the Barnett Government’s  power.

Results showing No vote has a lead – 531,786 votes against daylight saving compared to 426,531 for Yes to save  daylight saving. 

Premier Colin Barnett post an early vote  placing a ‘Yes’ on his ballot paper, although he said a ‘Yes’ vote was unlikely to win.

Mr Barnett described the poll as a lifestyle issue and said whatever the outcome it would not really effect people’s lives.

The Yes cause fared best in northern coastal suburbs such as Joondalup, Mindarie, Ocean Reef and Hillarys.

In WA’s agricultural region the no vote had a massive 83.84 per cent of the vote.

Three per cent of WA voters were undecided.

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