Salaries largely static but companies must train to retain!
Date
Friday, 18 March 2011 - 1:30pm
International recruitment business Robert Walters published its annual Global Salary Survey this week. The survey provides an in-depth analysis of salaries earned around the world by both permanent and contract workers across a wide range of sectors and is now in its twelfth year.
Salary figures are based on the thousands of placements made by Robert Walters’ recruitment staff throughout the year, while additional market insights are provided by teams and managers specialising in each sector, to give added insight into past and future trends in local candidate markets.
Richard Manthel, Managing Director of Robert Walters New Zealand comments:
“While New Zealand market confidence improved during 2010, salaries and contract rates remained largely static. This was mainly due to a relatively large pool of available candidates. However, as hiring activity continues to increase during 2011, we expect to see further demand for skilled candidates, which will place upward pressure on salaries and contractor rates by the middle of this year.
He continued:
A particularly encouraging sign for the job market was the significant increase in the recruitment of permanent roles towards the latter half of 2010 as New Zealand business confidence began to return and organisations looked to rebuild their teams and once again concentrated on developing their businesses. The majority of roles we saw come to market were at the junior to middle management level as this was where most of the streamlining had occurred during the downturn.
As appetite to hire grows in 2011, candidates who favoured job stability and hence elected to “stay put” while the economy was uncertain are once again electing to explore new opportunities, albeit with a certain degree of caution. Candidates who are considering a job change are motivated primarily by a company’s culture, reputation, stability and learning opportunities offered rather than potential monetary gain. Therefore, companies who wish to retain their top performers in the face of increased opportunities need to ensure that they are investing heavily in learning and development or they risk losing a sizeable chunk of their talent to competitors.
Entering 2011, New Zealand is already beginning to experience shortages of candidates with niche skill sets such as digital marketers, business analysts and IT professionals with cloud computing experience and we anticipate that these shortages will be more widespread with salaries and contact rates increasing by the middle of the year.
Our Auckland-based International Candidate Management Team is in daily contact with highly-skilled expats whose return to New Zealand is imminent to ensure we meet our clients’ future requirements in areas where talent is scarce. The Rugby World Cup seems to be a bit of a catalyst for some candidates, with expats indicating that they will return home before September.”
A full copy of the Robert Walters Global Salary Survey can be downloaded here.
For further information on global trends, a copy of the salary survey or to arrange an interview, please contact:
For more information please contact:
Lucy Nichols, Marketing & International Development Manager
Tel: +64 (0)9 302 2280
Mob: +21 583 238
