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In our latest LinkedIn newsletter, we took a deep dive into the most common visa employers will deal with, the 𝐀𝐜𝐜𝐫𝐞𝐝𝐢𝐭𝐞𝐝 𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐞 𝐖𝐨𝐫𝐤 𝐕𝐢𝐬𝐚 (𝐀𝐄𝐖𝐕). In this blog post we we will simplify the steps required to become an immigration-accredited business.
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Today we will discuss:
▪ Monthly employment indicators
▪ New Zealand salaries reaching an all-time high
▪ 10 New Zealand roles increasing in demand
▪ Our latest achievement
Welcome to 2023, we hope you had a great Christmas, New Year, and had the opportunity to unwind from the craziness of the pre-Christmas period. February is just a day away and we're excited for what the new year holds. In our first newsletter of 2023, we will discuss the monthly employment indicators from January 11th, New Zealand salaries reaching an all-time high, and 10 New Zealand roles increasing in demand.
This information was retrieved from Infometrics by Sabrina Swerdloff.
Placements by workers between the ages of (25-29) continue to decline. A 3.2% decrease compared to November 2021. This is the fifth consecutive month of declines. The market is consistently seeing a growing loss of young workers. Migration data indicates that New Zealand’s young workers are increasingly heading overseas, with the population of 20–29-year old’s decreasing for the tenth consecutive quarter.
The January 11th monthly employment indicators indicate that filled roles remain at 2.3 million in November 2022, a 2.2% increase from November 2021. Alternatively, there was an increase of 16% in jobs filled by workers aged 15-16 and a 5.7% increase in jobs filled by workers over 65. The working-age population in New Zealand increased by 20,200 in 2022.
After a year of record wage increases and job application numbers, Trade Me data shows salary growth is starting to slow. In the last quarter of 2022, the average salary reached an all-time high of $67,562. There has been a 1% increase ($613) compared with this time in 2021. The most significant increase was seen in Gisborne by 8%, Hawke’s Bay, Nelson/ Tasman, and Otago were up by 7%.
Trade Me Jobs saw an average increase in job applications, up 38% year-on-year in Q4, while job listings decreased nationwide by 12% compared to this time in 2021. “Gisborne (58%), West Coast (53%) and Auckland (50%) saw the biggest jumps, with applications up more than 50% year-on-year.” There was also a visible increase across all sectors, the largest being trades & services by 55%. Furthermore, Mr Cairns states that "On the flip side, we expect continued economic uncertainty, on the back of higher interest rates and the upcoming election, will see the overall job market remain reasonably strong but unable to keep up with the highs we’ve seen in the past 12-18 months.”
This month, LinkedIn released the ten fastest-growing jobs in New Zealand of 2023. This article analysed job titles over the past five years and the trends defining the future of work.