To Find Your Next Job, Ditch the Online Resume Portal
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    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,613,207 (-0.60%)       Melbourne $969,484 (-0.54%)       Brisbane $991,125 (-0.15%)       Adelaide $906,278 (+1.12%)       Perth $892,773 (+0.03%)       Hobart $726,294 (-0.04%)       Darwin $657,141 (-1.18%)       Canberra $1,003,818 (-0.83%)       National $1,045,092 (-0.37%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $754,460 (+0.43%)       Melbourne $495,941 (+0.11%)       Brisbane $587,365 (+0.63%)       Adelaide $442,425 (-2.43%)       Perth $461,417 (+0.53%)       Hobart $511,031 (+0.36%)       Darwin $373,250 (+2.98%)       Canberra $492,184 (-1.10%)       National $537,029 (+0.15%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 9,787 (-116)       Melbourne 14,236 (+55)       Brisbane 8,139 (+64)       Adelaide 2,166 (-18)       Perth 5,782 (+59)       Hobart 1,221 (+5)       Darwin 279 (+4)       Canberra 924 (+36)       National 42,534 (+89)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 8,638 (-81)       Melbourne 8,327 (-30)       Brisbane 1,728 (-19)       Adelaide 415 (+10)       Perth 1,444 (+2)       Hobart 201 (-10)       Darwin 392 (-7)       Canberra 1,004 (-14)       National 22,149 (-149)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $820 (+$20)       Melbourne $620 ($0)       Brisbane $630 (-$5)       Adelaide $615 (+$5)       Perth $675 ($0)       Hobart $560 (+$10)       Darwin $700 ($0)       Canberra $680 ($0)       National $670 (+$4)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $750 ($0)       Melbourne $590 (-$5)       Brisbane $630 (+$5)       Adelaide $505 (-$5)       Perth $620 (-$10)       Hobart $460 (-$10)       Darwin $580 (+$20)       Canberra $550 ($0)       National $597 (-$)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 6,197 (+313)       Melbourne 6,580 (-5)       Brisbane 4,403 (-85)       Adelaide 1,545 (-44)       Perth 2,951 (+71)       Hobart 398 (-13)       Darwin 97 (+4)       Canberra 643 (+11)       National 22,814 (+252)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 10,884 (-22)       Melbourne 6,312 (0)       Brisbane 2,285 (-54)       Adelaide 357 (-14)       Perth 783 (-14)       Hobart 129 (-14)       Darwin 132 (+6)       Canberra 831 (+15)       National 21,713 (-97)                HOUSE ANNUAL GROSS YIELDS AND TREND       Sydney 2.64% (↑)      Melbourne 3.33% (↑)        Brisbane 3.31% (↓)       Adelaide 3.53% (↓)       Perth 3.93% (↓)     Hobart 4.01% (↑)      Darwin 5.54% (↑)      Canberra 3.52% (↑)      National 3.34% (↑)             UNIT ANNUAL GROSS YIELDS AND TREND         Sydney 5.17% (↓)       Melbourne 6.19% (↓)     Brisbane 5.58% (↑)      Adelaide 5.94% (↑)        Perth 6.99% (↓)       Hobart 4.68% (↓)     Darwin 8.08% (↑)      Canberra 5.81% (↑)        National 5.78% (↓)            HOUSE RENTAL VACANCY RATES AND TREND       Sydney 0.8% (↑)      Melbourne 0.7% (↑)      Brisbane 0.7% (↑)      Adelaide 0.4% (↑)      Perth 0.4% (↑)      Hobart 0.9% (↑)      Darwin 0.8% (↑)      Canberra 1.0% (↑)      National 0.7% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 0.9% (↑)      Melbourne 1.1% (↑)      Brisbane 1.0% (↑)      Adelaide 0.5% (↑)      Perth 0.5% (↑)      Hobart 1.4% (↑)      Darwin 1.7% (↑)      Canberra 1.4% (↑)      National 1.1% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND         Sydney 29.8 (↓)     Melbourne 31.7 (↑)      Brisbane 30.6 (↑)        Adelaide 25.2 (↓)       Perth 35.2 (↓)     Hobart 35.1 (↑)      Darwin 44.2 (↑)        Canberra 31.5 (↓)     National 32.9 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND         Sydney 29.7 (↓)       Melbourne 30.5 (↓)     Brisbane 27.8 (↑)        Adelaide 22.8 (↓)     Perth 38.4 (↑)        Hobart 37.5 (↓)       Darwin 37.3 (↓)       Canberra 40.5 (↓)       National 33.1 (↓)           
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To Find Your Next Job, Ditch the Online Resume Portal

Companies and candidates frustrated by online applications are reverting to in-person meetings.

By CALLUM BORCHERS
Fri, Jul 22, 2022 11:54amGrey Clock 4 min

The job market is confounding. Managers say they’re still struggling to find good people to hire, while job seekers say that applying online can feel like shooting their résumés into outer space. Why bother?

I hear from a lot of bosses who say the software they use to screen job candidates is failing them. A lot of good-on-paper job candidates fall short during the interview process because they are lacking in the soft-skills department.

At the same time, people who want new jobs are telling me they’d make great employees if only they could talk with the person who’d be their boss.

There’s an idea: Human connection. A foot in the door, a shake of the hand and a face-to-face conversation could be a way to fix this disconnect, according to companies and candidates who are refocusing on in-person recruiting and pitching.

The walk-in strategy that landed your first job bagging groceries or scooping ice cream just might help secure your next one. Taped-up invitations to “apply within”—rendered obsolete by digital HR portals and impractical during the pandemic—are reappearing on office doors and storefronts for white-collar and skilled trade jobs from Reno, Nev., to Cincinnati to Hyannis, Mass., business groups say.

“Are you awesome? Because we’re NOW HIRING,” read a sign this month on the door of the Classic Arcade Pinball Museum in Chattanooga, Tenn., which was in need of an assistant manager. “Apply inside!”

Owner Dave Alverson told me the role isn’t complicated and pays a modest wage but requires strong interpersonal skills—and he’d grown frustrated with online application systems that couldn’t vet people’s ability to make conversation and create a welcoming atmosphere. So, he went old school in search of someone who’s passionate about games from the ’70s and ’80s. He hung a sign to solicit walk-ins, interviewed several promising candidates, and last week filled the position with someone he thinks will connect with customers.

An in-person introduction helps judge qualities that don’t show up on a résumé, bosses say—like whether an applicant seems reliable, or someone apt to “ghost” the company after a few days. Tom Sullivan, vice president of small business policy at the U.S. Chamber of Commerce, says members’ top concern is finding people who will show up for the second week of work, instead of quitting soon after starting.

Worker flakiness is rampant and reflects a sense that another job is easy to come by, although fears of a recession are beginning to shake some employees’ confidence. Some others are discovering job searches are tougher than they expected.

Nicolle Allred says she has struck out on about 100 online applications for remote project-management positions. The trouble, she suspects, is that her experience as an Air Force reservist and stay-at-home mother for the past six years doesn’t translate well to the software that is scanning forms and winnowing pools of candidates.

The 36-year-old from Utah says her next move might be walking into local companies, résumé in hand.

“You really just need to be given that chance to reflect your passion and your ability to learn,” she says. “I think that’s all it takes: just put me in front of somebody instead of online.”

As some companies cut back on hiring, job seekers who take the initiative to apply in person could have an advantage over those who hit an online “submit” button. Several managers seeking workers in fields such as education, carpentry, retail and hospitality told me they consider walk-in applicants who impress them, even if those candidates don’t satisfy every requirement and would be screened out by software.

At a new Wyndham Destinations resort in Atlanta, recruiter David Cohn has been trying for four months to fill 120 full-time positions in sales, marketing and operations. Typical compensation is about $75,000, and good sales professionals could earn six figures with commissions, he says. Though the company uses digital applications, “I would be more than happy to talk with anyone coming in off the street,” he adds.

Ohio Living Llanfair, an eldercare facility in Cincinnati, started “walk-in Wednesdays” earlier this year because digital job boards weren’t producing enough qualified candidates and some new hires were leaving almost as soon as they started, says executive director Ann Roller. The move has attracted new staff, she says—some of whom were offered jobs on the spot, pending background checks.

Some companies are experimenting with versions of drop-in hiring for more advanced positions, like software developers.

Intel plans to simulate this kind of old-fashioned hiring by hosting a job fair in the metaverse early next year. Tech workers—or people who want to be tech workers but have unconventional backgrounds—will strap on virtual-reality headsets, select avatars and pitch themselves to Intel.

“We’re still working through the details, but I’m assuming people will look like aliens or something,” says Intel spokeswoman Chelsea Hughes, adding that the goal is to prevent imperfect algorithms and unconscious biases from filtering out good candidates.

The company will use a voice changer in interviews, too—one that hopefully won’t make every applicant sound like a kidnapper in an action movie.

“I wonder if I could be Deadpool,” aspiring software developer Kenny Hazlett said when I told him about Intel’s idea to represent candidates as avatars. The South Carolina man figures he might have better luck as a Marvel Comics character.

Mr. Hazlett, 29, estimates he has applied unsuccessfully to 400 tech jobs, all online, since graduating from a coding boot camp in May. A former car salesman, he’s trying to make a career change and wants a chance to meet and win over a manager—whether in the metaverse or in the flesh.

It has worked before. He says he broke into car sales several years ago by donning a suit and going door to door at dealerships, asking for a job until he got one.

“I didn’t even have a car at the time,” he says. “I just walked from place to place, shaking hands.”

Some people are trying that method now, and in unconventional settings. Grace Olivia Croson was in her backyard in Virginia a couple of weeks ago, checking the progress of a patio and gazebo project, when a man wearing a polo shirt and khakis strolled onto her property.

“He just walked up to my contractor and said, ‘Hey, I saw your truck outside, and I was wondering if you’re looking for workers,’” Ms. Croson recalls. She says the contractor seemed surprised but asked about the man’s experience and took his number.

Ms. Croson, a 40-year-old education recruiter, was so struck by the man’s chutzpah that she wrote about the episode on LinkedIn and included an invitation: “If you’re a #speechlanguagepathologist #schoolpsychologist or #specialeducation #teacher please feel free to walk in my backyard and apply.”



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Continued stagflation and cost of living pressures are causing couples to think twice about starting a family, new data has revealed, with long term impacts expected

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Australia is in the midst of a baby recession with preliminary estimates showing the number of births in 2023 fell by more than four percent to the lowest level since 2006, according to KPMG. The consultancy firm says this reflects the impact of cost-of-living pressures on the feasibility of younger Australians starting a family.

KPMG estimates that 289,100 babies were born in 2023. This compares to 300,684 babies in 2022 and 309,996 in 2021, according to the Australian Bureau of Statistics (ABS). KPMG urban economist Terry Rawnsley said weak economic growth often leads to a reduced number of births. In 2023, ABS data shows gross domestic product (GDP) fell to 1.5 percent. Despite the population growing by 2.5 percent in 2023, GDP on a per capita basis went into negative territory, down one percent over the 12 months.

“Birth rates provide insight into long-term population growth as well as the current confidence of Australian families, said Mr Rawnsley. “We haven’t seen such a sharp drop in births in Australia since the period of economic stagflation in the 1970s, which coincided with the initial widespread adoption of the contraceptive pill.”

Mr Rawnsley said many Australian couples delayed starting a family while the pandemic played out in 2020. The number of births fell from 305,832 in 2019 to 294,369 in 2020. Then in 2021, strong employment and vast amounts of stimulus money, along with high household savings due to lockdowns, gave couples better financial means to have a baby. This led to a rebound in births.

However, the re-opening of the global economy in 2022 led to soaring inflation. By the start of 2023, the Australian consumer price index (CPI) had risen to its highest level since 1990 at 7.8 percent per annum. By that stage, the Reserve Bank had already commenced an aggressive rate-hiking strategy to fight inflation and had raised the cash rate every month between May and December 2022.

Five more rate hikes during 2023 put further pressure on couples with mortgages and put the brakes on family formation. “This combination of the pandemic and rapid economic changes explains the spike and subsequent sharp decline in birth rates we have observed over the past four years, Mr Rawnsley said.

The impact of high costs of living on couples’ decision to have a baby is highlighted in births data for the capital cities. KPMG estimates there were 60,860 births in Sydney in 2023, down 8.6 percent from 2019. There were 56,270 births in Melbourne, down 7.3 percent. In Perth, there were 25,020 births, down 6 percent, while in Brisbane there were 30,250 births, down 4.3 percent. Canberra was the only capital city where there was no fall in the number of births in 2023 compared to 2019.

“CPI growth in Canberra has been slightly subdued compared to that in other major cities, and the economic outlook has remained strong,” Mr Rawnsley said. This means families have not been hurting as much as those in other capital cities, and in turn, we’ve seen a stabilisation of births in the ACT.”   

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