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New Zealand's employment market going from strength to strength
15 November 2014
At Michael Page New Zealand, we’ve seen increasing demand for skilled professionals across all industries and sectors as business confidence has hit a twenty-year high. The recruitment market has gone from strength to strength, with increasing job opportunities across all experience levels resulting in a declining unemployment rate. Of the employers surveyed for the 2014/15 Michael Page New Zealand Salary & Employment Forecast, 42% are expecting to increase headcount over the next 12 months. It is encouraging to see the Kiwi recruitment market getting stronger, however, at the same time, we are starting to see an increasing talent gap with 52% of employers expecting see a skills shortage in the next 12 months.
In our business, we are witnessing more professionals returning home to New Zealand. Aligned with this, 67% of surveyed employers are not expecting local talent to leave for overseas opportunities. Additionally, Australia’s softer employment market is encouraging expatriates from the UK and Europe to explore job opportunities in New Zealand. This trend has boosted our job market with a surge in available talent, however it is not enough to meet the current demand.
The recruitment market has gone from strength to strength, with increasing job opportunities across all experience levels resulting in a declining unemployment rate
Property and construction is currently a key growth area. The industry has flourished in the wake of the Christchurch rebuild and there is a huge demand for skilled professionals in all areas within property and construction, including technology, infrastructure, marketing and finance.
High business confidence has also seen a surge in the sales industry, with front-line revenue-generating roles in particularly high demand. Hiring in this area has gained momentum as companies are seeing a clear return on investment on these roles.
Increased business confidence has also had a positive impact on the finance sector. Companies are on the hunt for commercially savvy finance professionals with business development skills who are able to maximise new opportunities. We are seeing an interesting change in what businesses require with organisations confident to explore new revenue streams. This is creating demand for roles within the finance industry such as commercial analysts as well as people who have the knowledge to identify and maximise new business development opportunities.
We have also observed the technology industry gain momentum as innovative products from New Zealand technology companies are launched on the global stage in the form of cloud based software geared toward CRM and accounting, and software specifically developed for industry sectors such as healthcare, retail and transport.
Overall things are looking good for the recruitment market in New Zealand. The current state of the domestic economy has had a positive impact on local hiring activity and I anticipate this will continue over the next 12 months.
Find out more in the 2014/15 Michael Page New Zealand Salary & Employment Forecast. We have surveyed more than 500 local employers to get the most up-to-date insight into hiring trends, salary levels and key concerns across a number of industry sectors.
Click here to download your copy now.
Job opportunities have increased across all experience levels, with 42% of survey respondents expecting to increase headcount over the next 12 months.
However, a talent shortage is emerging, placing more power in the hands of job seekers as the demand for skilled professionals grows.