NZ employment market strong as wage increases

Its a great time to be a job hunter in New Zealand! The Strength of the employment market in New Zealand continues according to the 70,000+ vacancies that were listed on Trade Me Jobs  in the second quarter of 2017.

The Employment Market

For the fourth consecutive quarter, new listings have seen growth by a double-digit margin with Trade Me Jobs reporting that new listings have increased 12% on this time last year. Even though the overall pay was down 1%, the sectors with the highest demand for staff saw the wages begin to increase noticeably. The growth of the job market was not exclusive to any particular area as listings were up in every region across New Zealand and out of the 26 sectors on Trade Me Jobs, 18 have seen growth in new listings. Listings are up but the amount of applications per listing is down apart from in 2 regions (Gisborne and the West Coast). All these new listings and less applications means that people are being more patient and judicious which means employers are finding it harder to get the people they need. Companies are offering higher wages to try and combat this and attract potential employees. This trend is expected to continue over into the next few quarters.

The Regions

With the exception of the Bay of Plenty who has slowed down with listings only up 9% year-on-year, for the second quarter in a row, every region across New Zealand is outperforming the three main centres with higher percentages of new listings year-on-year. Auckland city has beaten Wellington city for the second quarter in a row in the highest earning area stakes with Auckland siting at $71,725 and Wellington close behind at $66,853. The main driving force behind Auckland’s growth is the increase of construction sector average wages, which went up a massive 21%.

Where TRS comes in

Thinking about a change? Now is the time to do it! If you are considering new job possibilities or you have any recruitment needs please don’t hesitate to contact us. You can check out our Job Search page for available roles or you can reach us by phone on 04 472 6558. A full version of the article can be found in the link below.

Full Article Here: Trade Me Media Release – Some New Zealand job hunters finally seeing wage increases

To see more media releases from Trade Me, follow this link.

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