In New Zealand, Wellington City has broken through the $70,000 ceiling for average wages according to figures from the Trade Me Jobs website.
“Wellington employers are bucking the trend and appear to be putting more money on the table to lure candidates away from their current roles,” explained head of Trade Me Jobs Jeremy Wade. “Employers in the capital broke through the $70,000 ceiling for the first time, but Wellington is still second in the race for the highest earning area. However, if this rate of growth continues it could soon overtake Auckland again where wage growth was up just one per cent to $72,509.”
According to Wade growth in Wellington is likely if demand, as expected, picks up in the government sector. The average number of applications in Wellington fell 23.6 per cent on last year, while the average wage climbed a solid four per cent to $70,307. “Listings in Wellington City actually fell 5.2 per cent on last year, but it looks like employers are putting more on the table because finding talent is increasingly tough.”
Analysis of 66,000 vacancies on the. Trade Me Jobs website show the number of job vacancies in the construction and roading sector fell 3.5 per cent year on year due to growing concerns in the industry. “Recruiters and employers have told us that uncertainty around future government infrastructure projects is causing many employers to think hard about their next hire,” said Wade. “Coupled with further uncertainty around foreign investment rules and the challenges facing Fletcher Building, it’s a tough road ahead for employers and they’re more cautious committing to new or replacement hires while projects beyond the next year or two are unclear.”
Figures from Trade Me Jobs, based on the anaTaranaki, Southland and the Bay of Plenty had ‘amazing’ growth in the first quarter of the year with the number of job listings increasing 17.2 per cent, 14.1 per cent and 12.4 per cent on last year respectively.
“The Auckland and Wellington regions are bearing the brunt of the construction and roading industry uncertainty with job listings falling 5.4 per cent and 9.4 per cent respectively,” said Wade.