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Hays Property

Jobs Report Prop NZ - Jul to Dec 2018

Hotspots of skills in demand

July - December 2018

Over half (53 per cent) of employers in New Zealand expect to increase permanent staff levels in the next 12 months, exceeding the 8 per cent who say they’ll decrease. According to the 2018-19 Hays Salary Guide, 18 per cent also expect to increase their use of temporary and contract staff, exceeding the 11 per cent who anticipate decreasing in this area. Meanwhile, 21 per cent now employ temporary and contract staff on a regular ongoing basis, with another 41 per cent employing them for special projects or workloads.

New commercial building developments in Auckland, the next stage of Christchurch’s CBD rebuild and the replacement of demolished buildings in Wellington will fuel this vacancy activity. Add increased population growth in regional centres and more commercial space, and property companies will consider adding additional headcount.

Given vacancy activity, hotspots of skills in demand are emerging. Demand will be high for Commercial Property Brokers with office leasing experience, as well as experienced Residential and Commercial Development Managers to scope feasible project opportunities.

The increase in new property developments will continue to drive up demand for experienced Property Managers and Client Side Project Managers. Those with strong relationships and networking skills are valued. Experience, credibility and reputation also factor favourably in hiring decisions.

There is a shortage of Registered Valuers, while demand is high for Leasing Managers as the retail and commercial sectors look for more optimum space.

Salary trends

Almost two-thirds (64 per cent) of employers will give skilled professionals a pay rise of less than 3 per cent in their next review while 8 per cent will not increase salaries at all. According to the 2018-19 Hays Salary Guide, a further 22 per cent will give staff an increase of 3 to 6 per cent. Just 6 per cent will increase by 6 per cent or more.

Employees however have higher expectations for a salary increase. Over two-thirds (69 per cent) say a salary increase is their number one career priority this year. 26 per cent expect an increase of 6 per cent or more. A further 22 per cent expect an increase of between 3 to 6 per cent. At the other end of the scale, 19 per cent do not expect any increase and 33 per cent expect less than 3 per cent.

For more, see our Hays Salary Guide

Jobseeker advice

Upskilling has become a constant requirement to remain employable in today’s rapidly changing world of work. After all, the Fourth Industrial Revolution is here and rapidly gaining ground. Many jobs are being automated via technologies including artificial intelligence (AI), the Internet of Things and cloud computing.

Research from management consulting firm McKinsey suggests about 60% of occupations could see at least a third of their job tasks automated. Meanwhile, a report published by Deloitte claims the half-life of learned skills is now about five years.

To find out how to stay relevant and employable in the face of all this rapid change, see our upskilling advice here.