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“2014 has been the year that New Zealand business needed. 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 fall1, 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.
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 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.
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%. 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.
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.
For more information or to organise an interview
Contact Amy Wallis
T: (64) 9 354 0584
M: (64) 27 2958 332
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The Hudson Report is an established employment trend report, based on in-depth and nationwide research.
Released every quarter, this report highlights key hiring trends gathered from interviews with 1,120 employers in New Zealand.
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Hudson (NASDAQ: HSON) offers highly specialised professional recruitment, recruitment outsourcing, talent management and related staffing services and solutions. Clients partnering with Hudson achieve greater organisational performance by attracting, selecting, engaging and developing the best talent for their business. With a global presence of more than 2,000 employees operating in approximately 20 countries, Hudson delivers great people and great performance.