Investor Relations

Kiwi job market ends 2016 on a high

Tuesday, January 10, 2017 8:30 AM

The New Zealand employment market is in great shape for the New Year according to analysis of more than 65,000 job vacancies on Trade Me Jobs in the three months from October to December 2016. The number of new job listings across the country rose by 16.4 per cent compared to the same period last year.

Head of Trade Me Jobs Jeremy Wade said the New Zealand job market was showing “outstanding signs” for the year ahead. “Kiwi employers seem pretty confident about 2017, with every region and all but four job categories across the country having more new listings than a year ago.

“We don’t see this kind of consistent nationwide growth often, so it’s really encouraging for the 2017 job market as well as the economy as a whole”

Mr Wade said the average salary was down 0.4 per cent. “Wage inflation in the last quarter of 2016 appears low, but we expect this to rise in 2017 as demand for candidates increases.”

Job hunters in the box seat

Mr Wade said the large increase in listings meant job seekers had more choice and employers would need to work harder to get the best people. “Applications per listing dropped by 14 per cent in the last quarter of 2016 which is good news for job seekers.

“Applications are down due to a combination of high demand for candidates and talent shortages which means there are great roles to be found if you’re looking for one. Employers can still find great candidates but they need to make sure they promote themselves in their listing.

“Job seekers want to know they’re applying to a workplace that meets their needs in terms of development, culture and opportunity, not just pay, and they gravitate to listings that sell the organisation and the opportunity well.”

Auckland construction powering on

Auckland ended 2016 on a very strong note with listings up 17.5 per cent on the same time last year, and average salaries up 0.8 per cent.

Mr Wade said Auckland’s strength continues to stem from construction and trades which were up 27.1 per cent and 24.6 per cent respectively. “The housing and building boom in the Super City is translating into massive numbers of jobs and really pushing the Auckland job market forward.

“The recruiters we work with are very positive about the Auckland market for 2017, many of them are increasing their presence in the city as the job boom continues.”

He also said IT listings in Auckland were up 27.2 per cent as well, led by growth in programming and telecommunications roles.

BOP and Waikato surge

Mr Wade said every region around the country saw listings grow in the last three months of 2016, but the Bay of Plenty and Waikato continue to be “the stand-outs” with 38.9 per cent and 31.8 per cent listing increases respectively.

“The phenomenal growth in these regions has been driven roles across the Transport & Logistics, Trades & Services and Construction industries, coupled with the halo effect stemming from their proximity to Auckland.”

Elsewhere there was huge growth too, including major moves in Gisborne (up 50.3 per cent), Nelson/Tasman (up 28.7 per cent) and Otago (up 27.2 per cent). Canterbury had the smallest change with just a 0.9 per cent lift on last year.

“Canterbury’s market continues to stabilise following the rebuild. The number of construction listings is flat year-on-year but hospitality listings have jumped 22.6 per cent.”

In the sectors

The last three months of 2016 were very positive for almost every sector, with just four seeing a decrease in listings. Sectors that did particularly well were Property (up 54.4%), Science & Technology (34.4 per cent) and Management (53.7 per cent).

One category which experienced a significant decrease was Banking which saw listings fall 26.7 per cent.

IT continues to be the most lucrative career option on Trade Me Jobs, with all five of the top salary spots taken by IT roles. IT architects were number one again with an average salary of $142,028.

Please see the PDF below for full tables and results.