DaXtra Technologies opens Australia office
DaXtra Technologies has opened an office in Sydney, Australia’s central business district.
The company has appointed Chris Morrison as regional director in Australia. Previously, Morrison was the APAC business development manager for Broadbean Technology, and before that a senior partner at Lincoln HR.
Australia’s economy is undergoing a significant transformation – and that transformation is driving the rapid evolution of the country’s job market. This evolution is creating new opportunities for professionals, and naturally by extension, those in the recruitment and recruitment tech sectors.
Australia is shifting away from a natural resources-driven economy toward an economy supported by a wider range of sectors and services, including tourism, education, and entrepreneurialism – especially in the tech sector.
According to a recent commentary in The Australian, between February 2000 and February 2017 most job growth in Australia was in the following sectors: healthcare and social assistance (up 730,000 jobs), professional services (up 440,000), education (up 330,000) and construction (up 410,000). At the same time, part-time placements are rising as employees demand more flexible arrangements, with part-time work accounting for 32% of the workforce as of February, compared to 26% in 2000.
This shift accompanies a recent decrease in appetite for natural resources in China, Australia’s largest export market. China is no longer buying such massive volumes of copper, coal and iron ore from Australia, because Asia’s giant is also undergoing a transformation as it tries to evolve from an investment and infrastructure-based growth model, to one driven by domestic consumption. This difficult transformation is also accompanied by a macroeconomic slowdown.
All this means that many Australian employees will be learning new skills -- either by choice or necessity -- to fit into the new landscape. Also, with Australia’s population projected to double to 46m by 2075, according to the Australian Bureau of Statistics, many more professionals will be searching for jobs.
At the same time, Australia is the unsung hero of the Asia growth story. China and India may boast more eye-popping GDP figures. But Australia is home to a stable political climate and a transparent regulatory regime, giving investors a greater degree of comfort and predictability compared to the region’s less developed markets. That means many more businesses, and professionals, will be exploring the opportunities there in the years ahead.
Australia is also a major revenue contributor to DaXtra – accounting for nearly 40% of its APAC business.
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