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Hiring pace in NZ is expected to remain active - Manpower

New data shows hiring pace in New Zealand is expected to remain active in the third quarter this year

Manpower Employment Outlook Q3 2014

New Zealand, 10 June 2014 - New Zealand’s employment outlook is expected to remain strong in quarter three, falling one percentage point from last quarter, to a Net Employment Outlook (NEO) of +25%, according to the latest Manpower Employment Outlook survey results.

The survey, which asked over 600 New Zealand employers about their hiring intentions for the coming quarter, found 33% plan to increase hiring, 7 per cent plan to decrease, and 59% reported no change.

Lincoln Crawley, Managing Director ManpowerGroup Australia and New Zealand said access to skills is a major concern for employers across New Zealand.

“The positive employment outlook for this quarter can be attributed to the significant investment in infrastructure in both Auckland and Christchurch.

“It is expected that infrastructure has reached its peak rate, now that key projects such as the $750 million Justice Precinct in Christchurch are underway and little government investment in infrastructure is anticipated prior to the September 20 election.

“Looking at the rebuild, residential construction is well underway, however, commercial construction is still in its infancy and expected to continue to pick up toward the end of the year. This means the strong demand for workers in construction at all levels, from trade workers to project managers to engineers, will continue.

“Sectors and businesses that feed into the construction industry, like Manufacturing, and Transport and Utilities, are also experiencing strong hiring outlooks,” concluded Crawley.

“Annual Net migration in NZ is on the increase, with recent figures showing a net gain of 34,000 permanent and long-term migrants, well above the long-term average of nearly 12,000 during the past 20 years. This should help alleviate some of the skills shortages, however, will also drive the need for more residential developments,” he said.

Finance, Insurance & Real Estate employers reported their strongest result since the second quarter of 2005 at +41%, employers in the Transport and Utilities sector, reported an increase e of percentage points from last quarter to an NEO +37%. Employers in both Public Administration and Wholesale Trade & Retail Trade reported positive quarter-on-quarter increases, recording an NEO of +21% and +20%, respectively.

The Outlook in all three regions declined slightly in a quarter-on-quarter comparison; the forecast in both Christchurch and Wellington dipped two percentage points to +25% and +26%, respectively, while Auckland was down one percentage point to +26%.

Mining & Construction dropped twelve percentage points quarter-on-quarter, but the sector’s employers maintain the third most positive outlook across all sectors, with an NEO of +35%. The Outlooks in the Services and Manufacturing sectors also dropped one percentage point and five percentage points, respectively.

In a comparison across organisational size, Micro-businesses recorded an NEO of +15, a five percentage point fall from last quarter. Small business recorded an NEO of +27, down three percentage points from last quarter and Medium recorded an NEO of +33%, up five percentage points from last quarter. Large business experienced a four percentage point fall to an NEO of +19%.

Table 1. Net Employment Outlook Comparison by Region

Q3 2014Quarter-on-Quarter ChangeYear-on-Year Change
National+25%-1%+4%
Auckland+26%-1%+4%
Christchurch+25%-2%+7%
Wellington+26%+2%+1%

Table 2. Net Employment Outlook Comparison by Sector

NEOQuarter-on-Quarter ChangeYear-on-Year Change
Finance, Insurance & Real Estate+41%+3%+10%
Manufacturing+20%-5%+4%
Mining & Construction+35%-12%+12%
Public Administration+21%+8%+6%
Services+30%-1%+3%
Transportation & Utilities+37%+3%+1%
Wholesale Trade & Retail Trade+20%+1%0+

Table 3. Net Employment Outlook Comparison by Organisation Size

Q3 2014Quarter-on-Quarter ChangeYear-on-Year Change
Micro+15%-5%-1%
Small+27%-3%+6%
Medium+33%+5%+7%
Large+19%-4%+3%

About ManpowerGroup
ManpowerGroup™ (NYSE: MAN) is the world leader in innovative workforce solutions that ensure the talent sustainability of the world’s workforce for the good of companies, communities, countries, and individuals themselves. Specializing in solutions that help organizations achieve business agility and workforce flexibility, ManpowerGroup leverages its 65 years of world of work expertise to create the work models, design the people practices and access the talent sources its clients need for the future. From staffing, recruitment, workforce consulting, outsourcing and career management to assessment, training and development, ManpowerGroup delivers the talent to drive the innovation and productivity of organizations in a world where talentism is the dominant economic system. Every day, ManpowerGroup connects more than 630,000 people to work and builds their experience and employability through its relationships with 400,000 clients across 80 countries and territories. ManpowerGroup’s suite of solutions is offered through ManpowerGroup™ Solutions, Manpower®, Experis™ and Right Management®. ManpowerGroup was named one of the World’s Most Ethical Companies for the third consecutive year in 2013, confirming our position as the most trusted brand in the industry. See how ManpowerGroup makes powering the world of work humanly possible at www.manpowergroup.co.nz. Follow ManpowerGroup on Twitter: twitter.com/ManpowerGroupNZ

ENDS

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