29
Mar
2016
article

SEEK Employment Trends New Zealand: February 2016, real estate, property and construction flying high

‘Flexibility’ is often seen as a business buzzword as more employers look for ways to attract the best and brightest talent. However, the latest data from SEEK Employment Trends shows that flexible work is in fact a growing reality in New Zealand, with demand for part-time and contract/temp roles increasing in February 2016.

There were clear signs of growth across the majority of sectors in New Zealand in February 2016 and a boost in flexible roles. “Flexibility gives employers a competitive advantage,” says Craig Hegan, Director of Parker Bridge Recruitment. “We’re seeing a growing demand for it.”

Industries go up and down

In other employment trends for February 2016, the real estate and property sector continued to show strong year-on-year growth, with job advertising growing by half and the average advertised salary for the sector sitting at $84,129.

There’s a lot of demand in property at the moment,” says Hegan. “You only need to look around Auckland at all of the cranes in the skyline. There’s a lot of building going on.

The construction industry, which is closely aligned to the real estate and property sector, also saw a boost in SEEK job ads, growing 21% year-on-year. The average advertised salary was $95,250.

SEEK job ads for the insurance and superannuation sector grew by 24% year-on-year and the average advertised salary was $73,483. The number of accounting roles was also up in February 2016, growing 9% year-on-year and the average advertised salary was $75,533. Hegan says this may be due to employee attrition in the sector in the past 18 months.

“Part of the recruitment we are doing is to replace those people, but the economic indicators in New Zealand are saying that businesses are doing really well and when businesses are doing well, accounting firms are also expanding,” he says.

While the majority of sectors experienced growth in February 2016, some saw a decline in demand. Advertising for mining, resources and energy roles on SEEK dropped by 42% year-on-year. The average advertised salary for the industry was $92,305. Banking and financial services noted a 17% year-on-year decline in SEEK job ads and the average advertised salary was $81,216. Meanwhile, the government and defence sector also experienced a 4% year-on-year dip in demand, with the average advertised salary sitting at $75,654 in February 2016.

Auckland and Wellington ahead of the game

Auckland led the way for job advertisements on SEEK in February 2016, growing by 2% year-on-year. The science and technology sector saw a 51% year-on-year increase in demand in the region, while SEEK job ads for the design and architecture sector also grew by 33%, compared to the same time last year.

“We have some very good architecture schools that produce great talent, plus the construction industry is doing well at the moment, so I think this accounts for the increase in demand,” says Hegan.

Auckland’s education and training sector dipped slightly by 3% year-on-year and its manufacturing, transport and logistics sector saw the same small level of decline. Demand in the region for information and communication technology was also down by 8% compared to the same time last year.

SEEK job ads in Wellington came a close second to Auckland. Demand in the region for administration and office support grew by 21%. Meanwhile, Wellington’s call centre and customer service sector declined by 26%.

In the South Island, Canterbury saw a 10% decline in SEEK job ads in February 2016. However, demand was high in some sectors. SEEK job ads in the legal sector were up by 37% year-on-year, while advertising for CEO and general management roles in the region increased by 100% compared to the same time last year. “There’s also a very good number of quality candidates for this sector in the market,” adds Hegan.

February 2016 delivered positive results across the majority of sectors and showed an increasing demand for flexible roles. It will be interesting to watch as new trends emerge in the coming months.

Stay up-to-date with the latest employment marketplace developments by signing up to the SEEK Employment Trends monthly email.

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