Quick eye-opening employment market insights

Times have been tough for all, as the economic climate worsens it has impacted all. Fiscal gain and the government’s austerity policies have applied pressure to all sectors, this has facilitated difficult times. With Jobs down in the public sector as well as construction projects being slashed this has started a trend of unemployment. This has created a vacuum where more multi-variant skilled and experienced workers are being searched for within the employment market. 

Jobs filled between the age groups of 15-29 are down by nearly 40,000 roles. Most of this decrease in jobs relates to 15–19-year-olds (17,604 or 13%). However, we can see that in the year groups of 35+, 20,000 more jobs were filled, and the percentage was higher. This displays the increased demand for experienced, skilled people as businesses do not have the economic freedom to devote funds to less skilled employment. For information check articles of interest at the bottom. 

Due to the economic hardship, we are experiencing many small businesses are feeling the brunt. Heading toward recession leaves the smaller businesses unable to compete creating fewer hours of work and staff redundancies However bigger players can fare better and absorb some of the market space whereby small businesses are left behind.  To combat this the reserve bank will look to slash interest rates to provide relief. Meanwhile, industries that are steadily in business such as supermarkets, banks, and water/power providers are seemingly untouched.  

For more information check the articles of interest at the bottom  

The current landscape is challenging, and as pressure mounts, many businesses are minimising costs by reducing staff—a major expense. According to RNZ, “We also see that a third, so that’s 31 percent of small businesses are downsizing their workforce. This is the highest proportion of businesses reducing their workforce since early 2020 when the lockdowns started with the pandemic. This is also being driven primarily by hospitality, manufacturing, and construction.” (For more information, check articles of interest at the bottom.) 

With the heightened importance of workforce skills in recent years, companies are increasingly prioritising the right talent. This raises a critical question: What key skills matter most to your organisation? In today’s employment market, there is a unique opportunity to select highly skilled individuals who can bring value and adaptability, minimising the need for overstaffing and ultimately benefiting your business. 

When your organisation needs these skilled professionals, Indus is here to support you in finding the best fit. Our team offers comprehensive profiles of candidates, carefully matching them to your needs. We understand that finding the right person can be challenging, but our interview team is dedicated to addressing the important questions so you can hire with confidence. Indus is committed to providing a personalised recruitment experience, ensuring you secure the right people for your organisation.