Newcastle job market update, August & September 2021

Newcastle job market update, August & September 2021

With October here, it’s time we look at the figures to see how the Newcastle job market is faring.

 

Newcastle job market by industry

 

At Monica Clare Recruitment we monitor the Newcastle job market using the business intelligence product, PowerAdder. Open jobs, position characteristics and close rates form part of our quantitative reporting. Qualitatively, we measure candidate sentiment, the perceived value of work benefits and the priority placed on position criteria.

Office Support

 

Listings in the office support space dropped by 12 per cent between July and August. However, the Newcastle job market more than recovered by September. Total listings in September were 30 per cent greater than August and 13 per cent greater than July.

Unlike the steep decline of permanent roles in July (a drop off of 34 per cent), August was mostly steady with opportunities for this work type. Advertised permanent vacancies increased by 22 per cent in September. Between July and September, casual vacancies increased by 10 per cent and part-time by 20 per cent.

Insights:

      • The NSW Government’s ‘Roadmap to Recovery’ has undoubtedly inspired confidence in the market and companies are ready to hire in the office support space.
      • Candidates are receiving multiple offers as there are so many opportunities in the space.
      • There are more passive than active candidates in the market. To be able to reach these candidates, you must use other means than job boards.
      • Advertised roles in this space are across the board and for all levels of experience. However, there is a particular demand for individuals who work in the property market.

Marketing

 

Slowly, opportunities in the marketing sector in Newcastle are recovering. After following a downward trend since January 2021, there was a 17 per cent increase in job listings between July and August. This somewhat steadied in September, decreasing by 21 per cent from August, however only decreasing by seven per cent when compared with July figures.

In July, we observed a huge jump in casual opportunities (by more than 70 per cent) in response to companies making use of temporary workforces during the lockdown. This has eased and has been reflected in the numbers. There was a 42 per cent decline in job listings for casual work (including max-term contracts). Permanent opportunities continue to account for the bulk of job listings (81 per cent in September).

Insights:

      • There is a strong interest to recruit internal marketing professionals to support business recovery when lockdown ends.
      • Agency-side is candidate short. Account Managers and Creative Directors are in high demand, with many recently placed candidates relocating from metropolitan areas.
Marketing Job Market August
Marketing Job Market September

Tech

 

Opportunities in the tech market have grown between July and August. Vacancies, while declining in September, were overall higher than they were in July. This is welcome consistency to the market which has fluctuated considerably throughout the year. Total listings grew by 20 per cent in August. The majority of this growth was for casual roles which more than doubled between July and August. Casual listings remained strong in September, declining by just 16 per cent.

Permanent opportunities are the most advertised, followed by casual roles. Part-time opportunities are harder to come by, however, have grown by 300 per cent from July to September.

On the desk we’ve seen:

      • Developers are in high demand as well as BAs with strong communication skills.
      • Greater demand and a lack of available candidates has driven up day rates for casuals.
Tech Job Market August
Tech Job Market September
Tech Job Market Trends

HR

 

After declines across the board in HR listings in July, the August and September numbers are far more positive. Total listings increased by 6 per cent between July and August, and 25 per cent between August and September. This likely reflects growing market confidence due to the NSW Government’s ‘Road to Recovery’ and upcoming easing of restrictions.

Permanent positions continue to be the most in-demand in the market, continuing a trend since early 2021. However, casual listings also grew. Between July and September, casual opportunities grew by 88 per cent.

Insights:

      • Recruiters, HR Business Partners and HR Advisors are the three most in-demand roles.
      • In the last three months, there was a decline in the number of candidates looking for opportunities. We are beginning to see this pool increase.
      • The job market will continue to get busier in the lead-up to Christmas and as the state reopens.
HR Job Market August
HR Job Market September
HR Job Market Trends

Engineering

 

Job listings in engineering have grown month on month. Listings increased by 14 per cent between July and August, and again by 8 per cent between August and September. There continues to be a lot of economic activity in the sector, and this is only expected to increase with restrictions easing.

Permanent opportunities continue to account for the bulk of the listings, with 92 per cent of jobs in September falling in this category. There was also positive growth for casual listings. From July to August, casual jobs increased by 22 per cent. Positive growth continued from August to September, increasing by 27 per cent.

Insights:

      • Infrastructure is huge in the region. Candidates with water, rail, roads or civil infrastructure are in demand.
      • In line with predictions from The Great Resignation, a number of candidates are expected to enter the market in the coming months. If you are a candidate looking for a new role, now would be the time to secure it before the market is flooded.
      • Vacancies are expected to increase as we head towards the end of the year.
Engineering Job Market August
Engineering Job Market September
Engineering Job Market Trends

Construction

 

Listings in construction have experienced constant growth since March, and this trend has continued through to September. From July to September, total listings grew by a huge 50 per cent. It’s fair to say this market is booming.

Permanent roles account for the bulk of the listings, with 86 per cent of those listed in September falling in this category. Casual roles have also followed this positive trajectory: growing by 61 per cent from July to August and another 10 per cent from August to September. Part-time roles continue to be a rarity.

Insights:

      • There has been consistent growth across civil and construction.
      • Expect the market to continue to boom as many large infrastructure projects commence in Newcastle in the coming years.
      • Companies are struggling to find candidates. Most are not sourcing applicants through job boards but instead relying on networks.
Construction Job Market August
Construction Job Market September
Construction Job Market Trends

Accounting

 

Over the last three months, advertised positions have remained steady in the accounting space. There has been a small upwards trend, with total listings growing by 5 per cent between July and September. Permanent listings have also followed this trajectory, growing by 18 per cent in this same period.

Casual and part-time opportunities have remained fairly steady. Both work types account for 14 per cent of total listings in September.

Insights:

      • This sector was less affected by market confidence fluctuations caused by the lockdown. Accounting is a space that requires constant investment within a business.
      • Payroll Officers are the most in-demand role type within this space.
      • For candidates, salary is not as important as location and flexibility.
Accounting Job Market August
Accounting Job Market September
Accounting Job Market Trends

Legal

 

Listings in the legal sector have followed a downward trend since June, and this has continued through to September. From July to September, total listings fell by 30 per cent. The legal sector continues to be a market that is candidate-short. Many companies are using sourcing strategies outside of job boards due these difficult market conditions. This may affect how visible some opportunities may be.

Part-time and casual listings both fell in August, but recovered in September. This follows trends we have seen in other sectors: waning market confidence during the lockdown and improving once the ‘Roadmap to Recovery’ was announced.

Insights:

      • A noticeable increase in in-house legal and legal counsel opportunities.
      • Continued demand for support staff and solicitors across all areas.
Legal Job Market August
Legal Job Market September
Legal Job Market Trends
      • Executive

         

        From July to August, listings in the executive space of the Newcastle job market increased in August before falling again in September. The total percentage increase was 22 per cent, followed by a drop of 24 per cent the next month.

        Permanent listings accounted for most of the decline between August and September, with a 22 per cent decrease. However, there was also a decline in part-time listings.

      • Insights:
          • Executive is a job-rich, candidate short market. With such a tight market, companies are not using traditional sourcing channels (ie. job boards) given there are so few available candidates. Companies are also increasingly looking outside of Newcastle (or where they are geographically based) to source talent.
          • Available candidates will accept a lower salary if the position is a better fit with their lifestyle.
Executive Job Market August
Executive Job Market September
Executive Job Market Trends
    • Procurement

       

      Procurement listings have remained steady from July to September, moderately increasing by 14 per cent. There has also been growth in casual listings, rising by 300 per cent in August and another 25 per cent in September. Part-time opportunities in procurement are harder to come by, and there were none recorded in September.

      Insights:

          • Lower rates of candidates looking for positions in July/August. This picked up again in early September.
          • Casual roles continue to be challenging to fill and most eligible candidates require flexible work conditions.
Procurement Job Market August
Procurement Job Market September
Procurement Job Market Trends

Australian job market

 

In the last few months we’ve seen:

      • Construction work, and the value of work commenced, rose in the June quarter.

 

With the ‘way out’ of lockdown now on the table, market confidence is recovering and this is reflected in the job market as a whole. Many of the sectors slowed in August but showed significant improvement in September (coinciding with the reveal of the Roadmap) and an increase in job listings. While candidates are still prioritising opportunities that align with their new life priorities, such as flexible work or a better fit for their lifestyle, companies must continue to listen to demand and be open to negotiating. The perfect candidate may have a different skill set, an abundance of soft skills (rather than hard) or be relocating for a market you have not considered. Seek the opinion of a Recruitment Consultant to examine whether you’re using the right sourcing strategy or if you need to shift the goalposts based on the talent pool available.

If you’d like us to include additional data in our next report, reach out to a  team member, call the office (02) 4967 5236 or email [email protected] to let us know.

 

Previous Newcastle Job Market Updates: July, June, May, April, March