“So what is happening in the market?” This is probably the most common question we are asked by our candidates and clients. Here are our latest thoughts on what trends we are seeing across our specialist sectors.
Wobbly Business Confidence?
On a macro level, the recent interest rate cut by the Reserve Bank and signs of decreased business confidence are indicators that the economy is expected to slow down. The recruitment market is still strong but we have noticed that some organisations are being a little more cautious with their approach. Slower recruitment processes indicate that some businesses are recruiting with one eye on the direction of the economy.
Major Reforms within Vocational Education
The Reform of the Vocational Education Sector (ROVE) is having a major impact on the vocational education sector and will have a direct impact on the future role of Industry Training Organisations. The ITO’s have been placed in a position of uncertainty. We have noticed permanent roles are being replaced with twelve month fixed term contracts as the organisations grapple with what their future staffing requirements will be. The review has also forced employees within ITO’s to consider their own future and job security and explore what options are available to them.
Digital Learning Designers and HR Advisors in Demand
Within Learning and Development, we are seeing strong demand for Learning Designers and Instructional Designers who can create learning solutions using VR and gamification. Employers are looking for tech savvy agile designers who can create engaging and learner friendly solutions.
Mid Level candidates in the $80k to $100k salary range are finding there are usually multiple opportunities available to them when they test the market.
Demand for HR Advisors for both contract and permanent roles continue to be strong. Similar to the Learning and Development market, the strongest demand is at the advisor level within larger organisations or for stand alone Advisors/Managers within small to medium businesses. The salary level for both of these types of roles are from $80k-$100k. Within smaller businesses there is often a disconnect between the skills required for the role and the salary offered
What’s in it for me?
Candidates are increasingly asking the hard questions of potential employers. Across all sectors candidates are really seeking to understand the career benefits on effects of working for an organisation. It is not enough that organisations are offering a great culture, salary and benefits; candidates, especially the younger generations, want to know what skills and knowledge will they take away from a potential role. To attract the best talent employers need to be able to articulate their professional development strategies to candidates at interview.
Talk to the team
Do you need some career advice or looking to attract great talent to your team? The team at Blue Sky Recruitment are always interested into listening to the stories of our clients and candidates. If you would like to have a chat about the market please get in touch with our Auckland and Wellington teams here.