Updates on the Current Hiring Market

The recruitment trends of 2020 and 2021 have spun the New Zealand job market on its head, with candidate shortages and a much higher demand for skilled employees. This generates competition between those companies who aren’t quick enough to contact and hire great applicants - and those who can scoop them up with a better offer. 

Not only are businesses battling to recruit and keep skilled personnel in an increasingly competitive market, but they’re also feeling an overall reluctance to hire; especially in the industries and locations highly affected by Covid-19. Simply put, current recruitment is an enormous challenge for many employers across the country. 

Overall, New Zealand has done well economically and the job market is expected to be robust in future years thanks to the country's consistent economic development, but border closure has reduced the supply of talent to an all-time low in many industries. 

Impact of a closed border

The impact of a closed border on specialised employees is enormous. It creates a tight market with a limited supply of workers, driving demand higher. Multiple organisations are aggressively pursuing skilled kiwis and presenting new possibilities on a weekly basis. This is balanced against covid uncertainty for individuals, who don't want to be in a last-in-first-out situation if significant issues arise for the employer.

Some industries, such as aged care, which rely largely on overseas resources, have been compelled to operate with teams that are substantially below the minimal numbers necessary to do the job. Horticulture relies on big teams of people travelling in from other countries to harvest crops, but this too has been halted. Employers in fields such as IT, Finance, and Construction, on the other hand, are being pushed to reassess who they can hire, to then attract and retain them.

Recruitment industry trends show that the bulk of new job openings will be in high-skilled fields. If the current recruitment industry trends have taught us anything, it's that the candidate is key and that recruitment and retention strategies must adjust appropriately.

Official government-generated Skill Shortages listings, which are updated regularly, currently include these:

Using the NZ government's helpful Skill shortage list checker tool, you can get a complete list of current skill shortages in New Zealand.

Recruitment Industry Trends 2021

In this fast-moving, fast-adapting business market, organisations need the best people on board to help them rebuild in 2022 and grasp any future opportunities. Recruitment industry trends show we are experiencing a serious skills crisis, with competent workers becoming increasingly difficult to find and retain.

Recruitment industry trends reveal that uncertainty created by unexpected lockdowns has aggravated this problem, making employees unwilling to move professions, preferring the security of their existing roles. Furthermore, many applicants are fully aware of the shortage of talent, prompting them to seek higher pay, more flexibility, a greater work-life balance and increased responsibility when new opportunities arise.

It’s important to plan ways to keep your best individuals. To meet job seeker demands, organisations are adopting new methods of working in response to the changes of 2020 and COVID-19 whether it's embracing hybrid work-from-home models or radically redesigning offices to offer a better feeling of safety and comfort for workers. Employers are also providing training and development, exciting work projects, flexible working hours, staff engagement surveys, pay evaluations, and team-building efforts.

The goal is to adapt to workers' shifting expectations, providing a culture and flexible working alternatives to ensure their satisfaction and to reduce their likelihood of seeking new opportunities elsewhere. 

Land your top candidates in 2022

Quality applicants can be selective about when they work, what they work on, and what their title is. Therefore, it's critical for employers to recognise candidates' preferences and expectations when making recruiting decisions – and to understand that there's no such thing as a one-size-fits-all solution. 

Some candidates will want pre-covid consistency, while others want more freedom than ever and will not return to a full-time, office-based position. With the strong competition for talent driving up salaries across New Zealand, hiring managers must consider which perks candidates value the most in order to hire exceptional individuals.

Being flexible with requirements

The fact is, the past two years have caused many people to lose their jobs. While the perception exists that job seekers are out there in huge numbers, these aren't always the same people that companies are looking for. This new climate has seen many organisations switch tactics as they rebuild, realising they require highly specific skills and competencies on their teams.

Despite this, companies are also becoming considerably more tolerant of interviewing applicants who don't quite fit the specifications of their open positions. Instead, they're expanding the talent pool by focusing on people with promise, a willingness to learn, and the right mindset. In contracting, however, job criteria flexibility is a little more difficult because customers prefer employees who already have all the necessary abilities. 

Nonetheless, in every engagement, the option between waiting for the right person or accepting a near match who can learn and be productive is being more of a consideration as we near 2022. Businesses need to give the right candidate a reasonable offering, flexibility, and an efficient recruiting process - if they can’t provide that in this competitive market, then another company surely will.

Recruiting Trends: What jobs and where

Forecasted annual GDP growth rates of around 2.6% means that New Zealand will need nearly 40,000 new workers a year in the next five years. We also see the following recruiting trends emerging:

  • Accommodation and food services, business services, construction, and retail commerce will account for nearly half of these new roles created each year
  • Highly skilled jobs will see the most job growth
  • Drivers, construction and mining labourers, and delivery drivers are among the fastest expanding non-corporate jobs
  • Auckland, Canterbury and Wellington are the three largest job centrer
  • Palmerston North has recently become the region with the fastest job growth

Use hiring solutions

Despite the current recruitment industry trends, we've had a lot of success using our networks and representing positions that could be of interest to potential candidates. We've been able to fill openings with greater speed and efficiency than ever before. If you're recruiting right now, if you want top talent, this is not the time to rely on job postings alone.

Because the market is so crowded, with opportunities discovering individuals rather than the other way around, posting positions on job sites without a comprehensive hiring plan is almost totally useless - turning every recruiting process into a focused headhunting effort. It's no surprise that hiring has grown so difficult, given the increased pay and contracting rate requirements, as well as the notoriety of harsher discussions with applicants.

We know from recruiting trends and the current hiring market a hiring solutions agency can provide significant value. As specialists, our unique searching techniques include a presence across many platforms and job boards, while also proactively engaging with potential talent to make sure the best talent doesn’t slip through your fingers Knowing how to hire personnel with the right processes in place has never been more crucial than it is right now. 

Please feel free to contact us if you have any questions about the hiring process. Our team of experts at TwoTicks will assist you to create thorough hiring methods before taking your role to the market - to guarantee you're employing the best individual for the position.

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