Tag: Permanent Vacancies

Permanent job postings slipped by 27.2%

According to The Jobs Report by the Recruitment, Consulting & Staffing Association, job postings across New Zealand decreased by 26.7% in the 2022 December quarter when compared to the same time last year.

On a quarterly basis, the number of job postings fell by 22.4% in the last three months of 2022. The decline was driven by a significant decrease in business confidence. Demand remained strong until August but has declined month-on-month since then.

The report found that both permanent (-23.3%) and flexible job postings (-18.4%) fell in the last three months. On a year-on-year basis, permanent job postings slipped by 27.2% while flexible job postings declined by 24.4%.

“Traditionally, when business confidence falls, we see a transition from permanent to flexible arrangements to give employers greater flexibility should conditions deteriorate,” the RCSA stated. “This is not evident currently because many employers are still short staffed and need to build long term capacity.”

Ian McPherson, RCSA Councillor commented, “Both our government and the reserve bank have been talking about belt tightening. In some cases candidates and employers are holding off to see what happens over the next few months. People are moving away from job boards, particularly medium or small businesses. They don’t see the point in advertising when they can use their own channels or utilise their own referral schemes.

“To add to this, the media has been talking about a candidate shortage and the reliance on migrant labour. I think many businesses don’t see the value in advertising at the moment.”

“Christmas can be notoriously slow when it comes to hiring. With a lot of public holidays and downtime, it’s not uncommon for employers to wait out the period before seeking staff but Industry leaders admit, this year was particularly slow,” McPherson said. “I wouldn’t be surprised if the next quarter’s data is similar or even quieter.”

The New Zealand Jobs Index is a measure of where job opportunities exist in the New Zealand employment market. Data is collected from employer, recruiter and niche job boards across New Zealand. Repeat advertisements on one site or across multiple sites are de-duplicated to avoid double counting. Artificial intelligence is used to code every job advertisement into a wide range of key fields from which detailed analysis is possible.

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Data reveals a slowdown in hiring in May and June

A recession may become a reality sooner than expected, suggests new data from the Association of Professional Staffing Companies (APSCo). The research reveals difficulties in the UK’s labour market.

Traditionally, June showed a recruitment spike ahead of seasonal drops in July and August. This year, however, although numbers improved slightly in May, the latest research showed a slowdown in hiring between May and June, suggesting further drops in the summer months.

APSCo’s June research suggests that the economy is feeling the effects of Government uncertainty, a cost-of-living crisis, and substantial skills shortages.

According to the report, the number of permanent vacancies added dropped by 12% month-on-month in June, and the number of contract positions fell 11% year-on-year. It appears that permanent roles are on a downhill trajectory, down -2% between June 2021 and June 2022. Contract roles, however, increased 5% in this period.

Compared to pre-pandemic data, the number of permanent jobs being created dropped by 9% between June 2019 and June 2022, suggesting that the stability of the country’s hiring market and the economy is taking strain.

The report also revealed that placements dropped month-on-month for contract (-9%) and permanent roles (-7%). In terms of permanent salaries, the report showed a 2% increase month-on-month, but -3% decline, year-on-year.

Ann Swain, CEO of APSCo, comments: “A slowdown in hiring following the post-pandemic boom was to be expected, but in the current market and with talks of a potential recession in the pipeline, this decline is of concern. The UK’s post-COVID economy has been hit with employment strikes, skills shortages, Government uncertainty and a cost-of-living crisis. With controversial changes to rules around using agency workers during strikes voted in and the country facing continued uncertainty alongside Governmental leadership changes, employers and the recruitment sector have been hit hard. Stability is crucial as we continue to navigate such an ambiguous market. As the trade body for the professional recruitment sector, we believe that there is more to be done to make the UK’s employment sector competitive on a global scale. With recruitment activity slowing, we could be at a tipping point that sets the country on a downward trajectory unless swift action is taken.”

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