As we move into the final quarter of the calendar year CGC have continued to grow their contract and permanent recruitment business streams. The October to December period has traditionally been the busiest period for the business and from the recruitment activity witnessed in the early part of October the trend looks to continue.
Let’s move to matters outside of the four walls of CGC HQ. Both Nick and James recently sacrificed one of their Saturday nights by partaking in the Blackmore Half Marathon in Sydney. On the start line at 6.20am on Sunday morning they managed to complete the 21kms in a respectable 1hr 43 mins. The pair of them had never run as far as they did so the recovery took longer than anticipated, however, the sense of satisfaction eased the aching bones. The next activity is a full office turnout in November for the JP Morgan Chase in Centennial Park…read next month’s newsletter for a round up.
Back to business. The NSW transport sector will get a fresh injection of opportunities at the end of this month when the final decisions are made for the RMS projects (F2E and NH2U). CGC are partnering recruiters for the majority of consultancies and contractors that are shortlisted, so for an update on new opportunities please don’t hesitate to contact us.
The buildings sector has continued to be buoyant for the consultants at CGC with key strategic placements made within leading engineering consultancies, tier 1 builders and large mechanical/electrical contractors.
According to the Australian Bureau of Statistics, building approvals rose in September. Westpac forecasters had expected a three per cent rise in approvals, while the median economist forecast was for a one per cent rise. Building approvals are now 12.4 per cent higher, seasonally adjusted, than in the same month last year. There are healthy signs for the housing sector after a quiet 18 months. CGC anticipate the housing sector being a big driver for growth over the next couple of years in the eastern seaboard. The May and June interest rate cuts by the central bank are finally starting to kick in.
Economists are expecting the Reserve Bank of Australian (RBA) to cut the cash rate one more time this year, after cutting it this month (October), by a quarter of a percentage point to 3.25 per cent. It’s clear that confidence is starting to pick up off a low base. Rumours are a rate cut in November could also be on the cards.
The CGC specialist consultants continually talk to the best talent in the market and also partner with some of the busiest and established companies in the construction and engineering sector.
For an up to the minute report on your industry don’t hesitate to contact us.