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

Media Release

 

HIRING INTENTIONS REMAIN STEADY AS LATEST HUDSON REPORT MARKS SOLID YEAR

Employers feeling confident ahead of 2015

New Zealand – 30 September 2014 – Nearly two-thirds (62.4%) of employers intend to keep headcount steady this quarter, as the latest Hudson Report: Employment Trends released today1 marked a solid year of employment stability.

In quarter four, positive hiring intentions dipped 1 percentage point (pp) to 30.8%, the same level as early 2014. Intentions to keep headcount steady have risen 2.1pp in 2014, demonstrating a stable hiring outlook that has been a feature of this year’s business environment.

“2014 has been the year that New Zealand business needed,” said Roman Rogers, Executive General Manager, Hudson New Zealand.

“Confidence levels have stabilised and employers are pleased to have had a year of consistent performance. They’re feeling more assured about the business environment going into the 2015 year and are now are beginning to demonstrate optimism in their hiring decisions.”

“The unemployment rate has continued to fall2, and that backs up the ‘steady as she goes’, consistent but cautious approach to hiring we’ve seen, as organisations have slowly but surely added headcount quarter on quarter, in order to meet productivity goals and chase targets.”

Hiring intentions by region

The Canterbury rebuild continues to direct South Island hiring intentions, which remain the strongest across the regions. Positive hiring intentions however dropped 9.8pp to 38.4%, following a similar rebound in Q3 2014 and this, Rogers said, is the mark of what has been a lumpy year for Canterbury employers.

“The Canterbury rebuild, whilst gaining momentum is not a straight line function. The natural wax and wane of large projects continue to make it difficult for employers to accurately assess their required investment in headcount. This has flow-on effects for the supply chain and workforce planning of the broader economy supplying into the rebuild.”

Roles less in demand in Canterbury are those that are linked to Project Management Offices (PMOs), who are coming to the end of their rebuild activity.

Positive hiring intentions in Upper North Island have dropped slightly this quarter, down 1.2pp, with nearly two-thirds (63.6%) of employers intending to keep head count steady. Investment in infrastructure around housing and roads3 remains a major focus in driving the region’s economy.

Intentions to increase headcount in the Lower North Island are up 3.8pp this quarter, with the majority of employers (65.8%) keeping staffing levels steady.

“Employers are awaiting the outcome of the pending General Election and are putting a number of new projects on hold. We expect the region to remain moderate in its outlook, with business-as-usual work continuing for the time being.” said Rogers.

Permanent & contracting hiring intentions by profession

Nationwide, Technical & Engineering remains the profession with the strongest positive hiring intentions (50.6%), followed by:

  • Information, Communication & Technology (37.8%)
  • Sales, Marketing & Communications (37.5%)
  • Financial Services (34.2%)
  • Human Resources (32.0%)
  • Office Support (20.8%), and
  • Accounting & Finance (15.9%).

Permanent hiring intentions in Financial Services increased sharply, up 15.7pp to 34.2%; an increase that was mirrored in the contracting space where intentions also rose 5.7pp to 25.0%.

“We’re seeing a trend whereby financial institutions are under pressure to create unique selling points which deliver competitive advantage, and as a result, there is incredible demand for expertise in customer insights, and operational risk & compliance,” said Rogers.

Contract roles in demand in this profession include campaign managers, change managers, and operational risk & compliance.

Hiring in Information, Communication & Technology also remains strong across the board with 37.8% of employers looking to increase permanent headcount and one in three (33.3%) hiring managers intending to increase contract headcount in their ICT teams.

In ICT, the top three contract roles in demand include business analysts, project coordinators and those roles related to project infrastructure – system engineers, system administrators and technical analysts.

Overall, contractor hiring expectations continue to rise, up 2.1pp to 24.5%, and Hudson expects to see this trend continue as skills shortages increase overtime and employers struggle to fill gaps left by candidate movement and internal promotions.

“Business analysts are constantly in demand as organisations seek to better understand their customers so that they can deliver a better experience. Project work is also driving demand for contract resource, with administrative resource being required to get projects up and running quickly and efficiently,” Rogers said.


1 Hudson surveyed 1,120 New Zealand employers about their hiring intentions October to December 2014
2 Statistics New Zealand. (2014). Household Labour Force Survey: June 2014. Retrieved September 4, 2014, http://www.stats.govt.nz/browse_for_stats/income-and-work/employment_and_unemployment/HouseholdLabourForceSurvey_HOTPJun14qtr.aspx
3 Auckland Council. (2014). Auckland Economic Quarterly Update – July 2014. Retrieved September 4, 2014, http://www.aucklandcouncil.govt.nz/EN/AboutCouncil/businessandeconomy/Documents/economicupdatejuly2014.pdf

-ENDS-

Editor Note

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

Hudson has changed its reporting to achieve greater transparency and consistency across markets. This makes it simpler to compare results and geographical variations. From now on, Hudson will report on three findings: the percentage of employers intending to increase staffing levels, those intending to maintain them and those intending to decrease headcount. 'Intention to hire' refers to the proportion of employers intending to hire more employees during the forthcoming quarter. Hudson will no longer use the 'net effect' figure.

About Hudson

Hudson is a global talent solutions company with expertise in leadership and specialized recruitment, contracting solutions, recruitment process outsourcing, talent management and eDiscovery. We help our clients and candidates succeed by leveraging our expertise, deep industry and market knowledge, and proprietary assessment tools and techniques. Operating in 20 countries through relationships with millions of specialized professionals, 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.