You are here
Salary Guide 2020
Sign up to receive job alerts
Download New Zealand Salary Guide 2020
The Michael Page Salary Benchmark is our annual salary guide developed as a reference for hiring managers and job seekers to make informed employment decisions in New Zealand. The guide benchmarks the salaries of various job functions across different sectors, including Finance & Accounting, Technology, as well as Procurement & Supply Chain. Leveraging data from Michael Page’s proprietary data and network, the guide provides precious insights to hiring trends and market sentiments in the Asia-Pacific region.
Besides median wages, an additional section, titled “What is the New Zealand workforce thinking”, will delve into the specifics of what Millennials and Generation X are thinking with regard to work, including topics like:
Average salary increase when changing jobs*
|Engineering & Manufacturing||5 - 10|
|Finance & Accounting||10 - 20|
|Financial Services||7 - 12|
|Human Resources||7 - 12|
|Marketing & Digital||10 - 15|
|Procurement & Supply Chain||5 - 15|
|Property & Construction||10 - 15|
|Sales||10 - 15|
|Technology||5 - 10|
* Data is derived from July 2018 to June 2019, and is validated against insights from our leaders’ and consultants’ interactions with clients and candidates.
How can the report benefit you?
- Understand factors that attract and retain talent
- Project reasonable talent cost based on hiring forecast
- Discover top reasons for resignation
- Find out potential roles to upskill for
- Cite informed salary expectations when switching jobs
- Discover trending skills for your job function
New Zealand Salary Benchmark 2020: Strong fundamentals fuel New Zealand's cautious optimism
As we look forward to a new decade, it is a perfect time for us to set some goals and resolutions for our hiring team in New Zealand. Surveys confirm that at the talent end of the market, there are significant shortages still. And while one possible silver lining of a slowdown in global growth could be a gradual upturn in returning talent, we expect that in high demand sectors that PageGroup operates in, ours will continue to be a candidate-driven market.
Clearly, the best advice is that, where possible, retaining your key talent should be your top priority. Competitive salaries are clearly an imperative. However, don’t underestimate your team’s steepening need for learning and development, as well as their desire to lead at all levels. My conversations consistently affirm that given fair and purposeful leadership, this is a market where happy employees may well stay put — and that the efforts you put into a flexible and team-driven culture, will reap rewards on this front.
As to your key investments for next year, profiles in areas such as technology, digital and data analytics will continue to have several offers on the table. Before going in to bat for the right person, don’t overlook your hiring processes — nothing is more frustrating than missing out on a top candidate because you take too long to confirm.
On the economic front for New Zealand, it is of course impossible to overlook volatile macroeconomic factors in the international arena, particularly given how these adversely impact business and trade confidence. Yet in terms of fundamentals, there remains much to be positive about. We saw the 12-year lows in unemployment during 2019, with a 10-year average of 2.5% GDP growth. In its recent Global Competitiveness Report, the World Economic Forum rates New Zealand (19th overall) in first place globally for a number of key indices, including Social Capital, Corporate Governance, Budget Transparency, Macroeconomic Stability, inflation percentage (just 1.8%), Debt Dynamics and the Credit Gap.
Particularly impressive? The fact that New Zealand is the fastest place in the world to start a new business. Here’s hoping your business fortunes move as rapidly upwards this year too.