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What’s happening in the jobs market?
Here’s our take on the state of the employment market, based on a study of 30,000 listings on Trade Me Jobs in the second quarter of 2010 (April-June).
1. Momentum is growing?
We’ve seen a surge in activity in the past few months, a sure sign that things are heading in the right direction. Listing numbers grew 15%, an indication that companies are expanding and consumer confidence is on the rise ahead of the upcoming tax changes.
2. IT jobs still #1?
IT, sales and HR & recruitment have all been particularly active, with listing numbers up 30% compared with the same time last year.
Auckland (21%), Waikato (20%), Gisborne (27%) and Wellington (19%) all delivered strong listings growth, but it was Taranaki that lead the charge with a 43% increase.
3. Pay packets down?
Pay packets on offer for the majority of jobs have dropped over the past year – aside from IT and banking & finance, which saw salaries for IT project managers and business analysts grow by 17% and 11% respectively. (Click to expand the table below.)
In terms of location, Wellington was one of the few areas where pay rates rose, and Wellington City topped the highest paid locations with an average pay of $74,647. (Click to expand the table below.)
4. What does the future hold?
We predict that the demand for highly skilled candidates will continue to increase, and so will the pay packets required to attract them.
However, NZ is not immune to international events, and we expect the rate of growth in the employment market to slow amid global concerns about a potential ‘double-dip’ recession.
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