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Amy Wallis
Acumen Republic
09 354 0584 / 027 2958 332
awallis@acumenrepublic.com

Media Release

 

EMPLOYER HIRING CONFIDENCE REMAINS STEADY

Consistent hiring sentiment paints a picture of employment stability

New Zealand – 23 June 2015 – Net hiring sentiment dipped four percentage points (pp) to 26.2% in June as the latest Hudson Report: Employment Trends released today1], reveals an increasingly stable hiring outlook.

The result follows four consecutive quarters of employment growth and a six year high in March.

“Overall, Hudson’s latest figures paint a picture of consistent employment stability,” said Roman Rogers, Executive General Manager, Hudson New Zealand.

“While net sentiment has reduced, nearly two-thirds (62.9%) of employers intend to keep headcount steady this quarter and confidence levels across a range of indicators remain largely balanced. Employers are not shedding talent, but holding on to it and this tells us they’ve been successful in attracting talent during the past six months and are now executing on strategy in order to meet productivity goals and targets.”

Additionally, the number of employers looking to maintain contractor headcount is at its highest level in five years, with overall net contractor hiring sentiment at 12.3%, representing the general health of the hiring landscape.

“Traditionally, the first thing we see when employers are taking cost cutting measures is that the contracting headcount is reduced, leaving very lean teams. What we’re seeing now are employers feeling very comfortable about their contractor and permanent headcount, highlighting overall hiring confidence.”

Hiring intentions by region

Net hiring sentiment in the South Island remains the strongest nationally, with a net 35.2% of employers intending to increase headcount, down 5.1pp compared to the previous quarter.

“Hiring expectations in the South Island remain high as the Canterbury re-build continues and this quarter’s drop in sentiment is a natural correction as various building and construction projects change shape organically. Roles in demand include quantity surveyors, design roles, foremen and site managers to oversee the delivery of construction and civil projects.”

Employer sentiment in Upper North Island dipped 5.9pp to 23.1% of employers intending to increase head count, after six quarters of incremental growth.

“Auckland continues to absorb the bulk of New Zealand’s high net migration levels, a trend that is likely to continue for some time. As a result, the job market is tightening and again we’re seeing employers holding headcount steady. Investment in Auckland’s road and infrastructure networks continue to drive employment growth in this region,” said Rogers.

Largely flat, hiring sentiment in Lower North Island is affected by the public sector end of financial year, down 0.8pp to 22%. ICT transformation remains a focus for Government in the year ahead and roles in demand are those specifically linked to change management planning and implementation.

Permanent & contracting hiring intentions by profession

Nationwide, Technical & Engineering is the profession with the strongest permanent positive hiring sentiment (37.5%), followed by Human Resources (33.6%), Financial Services (27.9%), Information, Communication & Technology (25.3%), Office Support (18.2%), and Accounting & Finance (9.4%).

HR business partner roles are in high demand as they require a combination of skills including a depth of general HR knowledge along with strong stakeholder engagement expertise.

“We’re increasingly seeing the importance of well-developed in-house HR capability recognised by organisations as they look to invest in supporting their managers and staff, with greater staff retention in mind,” said Rogers.

Sentiment in Information, Communication & Technology has dropped across both permanent, down 10.4pp, and contract hires, down 3.3pp, with net 16.7% hiring managers intending to increase contract headcount.

“Government utilisation of technology vendors is significant, with many leading international vendors partnering with smaller local third party technology companies to deliver specialised services. This continues to buoy consulting and technology companies to hire permanent and contracting staff as needed, allowing the public sector to maintain FTE headcount levels through normal turnover without major growth,” Rogers said.


1 Hudson surveyed 933 New Zealand employers about their hiring intentions July to September 2015

-ENDS-

Editor Note

Please contact us for more information, print-ready graphs or to arrange an interview.

The Hudson Report frequently refers to the term ‘net sentiment’. The net effect figure is calculated by taking the percentage of employers surveyed that expect to increase permanent staff levels, or their contracting/temporary workforce, during the forthcoming three months and subtracting the percentage of employers surveyed that expect to decrease staff levels.

About Hudson

Hudson is a global talent solutions company with expertise in leadership and specialized recruitment, recruitment process outsourcing, talent management and contracting solutions. We help our clients and candidates succeed by leveraging our expertise, deep industry and market knowledge, and proprietary assessment tools and techniques. Through relationships with millions of specialized professionals in 22 countries, we bring an unparalleled ability to match talent with opportunities by assessing, recruiting, developing and engaging the best and brightest people for our clients. We combine broad geographic presence, world-class talent solutions and a tailored, consultative approach to help businesses and professionals achieve higher performance and outstanding results. More information is available at Hudson.com.

Forward-Looking Statements

This press release contains statements that the company believes to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release, including statements regarding the company's future financial condition, results of operations, business operations and business prospects, are forward-looking statements. Words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “predict,” “believe” and similar words, expressions and variations of these words and expressions are intended to identify forward-looking statements. All forward-looking statements are subject to important factors, risks, uncertainties and assumptions, including industry and economic conditions' that could cause actual results to differ materially from those described in the forward-looking statements. Such factors, risks, uncertainties and assumptions include, but are not limited to, global economic fluctuations; risks related to fluctuations in the company's operating results from quarter to quarter; the ability of clients to terminate their relationship with the company at any time; competition in the company's markets; risks associated with the company's investment strategy; risks related to international operations, including foreign currency fluctuations; the company's ability to implement cost reduction initiatives effectively, including the recently announced restructuring program; the company's dependence on key management personnel; the company's ability to attract and retain highly skilled professionals; risks in collecting the company's accounts receivable; the negative cash flows and operating losses that the company has experienced from time to time in the past may reoccur in the future; restrictions on the company's operating flexibility due to the terms of its credit facilities; the company's heavy reliance on information systems and the impact of potentially losing or failing to develop technology; risks related to our dependence on uninterrupted service to clients; the company's exposure to employment-related claims from both clients and employers and limits on related insurance coverage; volatility of the company's stock price; the impact of government regulations; and restrictions imposed by blocking arrangements. Additional information concerning these and other factors is contained in the company's filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this document. The company assumes no obligation, and expressly disclaims any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

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Hudson is a global talent solutions company. We help transform the workplace and unleash the full potential of organizations and individuals. Our expert team and proprietary tools provide you with unique insights and services that help you maximize your success. Across 20 countries, we deliver a range of recruitment, talent management and recruitment process outsourcing solutions to get you and your business where you want to be.