Newcastle job market update, October 2021

Newcastle job market update, October 2021

With November here, it’s time we look at the figures for a Newcastle job market update.

 

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 are booming, with a 37 per cent jump between September and October. The growth was shared across all work types. Permanent grew by 38 per cent, casual by 48 per cent and part-time by 25 per cent.

This healthy growth shared by all work types follows an upward trend that began last month. Casual and part-time opportunities have been increasing month on month since July. Between July and October, casual vacancies have increased by a massive 63 per cent.

Insights:

      • Job applications for each role are steadily increasing, likely due to lockdown restrictions easing and increasing market confidence.
      • Passive candidates are increasingly more open to hearing about new opportunities. Generally, candidates are particularly drawn to roles with greater flexibility.
      • In the lead up to Christmas, we expect casual opportunities to continue to increase.

Marketing

 

The market update in this sector is showing much more confidence. After tracking downward from January, there was an 81 per cent increase in marketing job listings between September and October. Growth was shared across all work types.

Permanent opportunities increased by 74 per cent, casual by 175 per cent and part-time by 60 per cent. 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. While this eased in August and September, the numbers clearly show businesses are again investing in a casual workforce. Permanent opportunities still account for the bulk of job listings (78 per cent in October).

Insights:

      • Demand for marketers, particularly those with experience in strategy and copywriting as well as a strong understanding of analytics.
      • Agencies are busy as businesses are not investing in their marketing. This is a sign of improving market confidence, with businesses prepared to invest in their marketing and make the most use of the returning economic activity.
      • Candidates continue to request hybrid work environments with flexibility and will choose roles that provide this.

Tech

 

Opportunities in the tech market have grown between September and October. This is welcome consistency to the market which has fluctuated considerably throughout the year. Total listings grew by 17 per cent in October. Most of this growth was for permanent roles which increased by 27 per cent.

Casual listings declined by 7 per cent. There were no part-time opportunities in October.

Insights:

      • Demand for contract test analysts and business analysts due to various projects across the region.
      • Continuous requirement for developers.
      • Increasingly sourcing candidates from markets outside of Newcastle due to skills shortages.
      • Employers are having to be competitive with rates on offers. Those that allow for a remote role will have a larger candidate pool to choose from.

HR

 

The HR job market has continued to improve month on month since the new financial year. Total listings increased by 14 per cent between September and October. The increase in listings was made up by permanent opportunities, with a 30 per cent increase in this work type.

Casual and part-time positions were slightly less promising. Casual opportunities decreased by 23 per cent and part-time by 25 per cent.

Insights:

      • There has been significant movement in the HR leadership space in the region and this has impacted their teams. For some, this has sparked an interest in looking for other opportunities.
      • Candidates are hard to find. Employers looking to recruit in this space should not be fixed on job roles, but be open to the candidates that are applying and consider training the right person in-house.
      • Candidates are very much using their referral networks to explore new opportunities. The most important factors a candidate considers in a new opportunity are assessing how HR is perceived by the people in the organisation, career growth avenues and value alignment with management.

Engineering

 

Job listings in engineering have continued an upward trajectory over the last four months. Between September and October, listings increased by 7 per cent. There continues to be a lot of economic activity in the sector and many new projects in the region are out to tender. Job listings are forecast to continue this track as we near the end of the year.

Permanent opportunities continue to account for the bulk of the listings and increased by 9 per cent in October. Casual listings slightly decreased this month, falling 14 per cent.

Insights:

      • Appetite increasing for structural and senior mid-level engineers.
      • Candidates are still very reluctant to move jobs.
      • Businesses are encouraged by borders opening as more candidates will be able to dilute the insular candidate pool in Newcastle.

Construction

 

Listings in construction have experienced constant growth since March however this steadied in October. Total listings fell by 2 per cent. Permanent opportunities account for the bulk of listings in this space as casual and part-time opportunities are not standard in this space.

Permanent roles followed the same steadying observed in the total listings, decreasing marginally by 3 per cent in October.

Insights:

      • Many projects in the region are out to tender. This is a good sign that opportunities will increase when pipelining begins.
      • While projects will always have sway power with candidates, they are increasingly interested in how a company can sell itself. Candidates are interested in what companies can offer them for the long term such as career progression and project pipeline.
      • Civil is the busiest sector in construction, but the market is very healthy across all industries.

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 September and October. Permanent listings remained steady.

Casual and part-time opportunities have enjoyed a similar increase in listings. Casual opportunities grew by 25 per cent this month, while part-time opportunities increased by 12 per cent.

Insights:

      • Payroll accounts for the lion’s share of opportunities on offer.
      • There is a continued candidate shortage in this space. Good candidates are getting multiple offers and moving very quickly. Employers looking to hire in this space should do so based on attitude where skills can be trainable.
      • Salaries are being pushed upwards due to such a shortage, and those that have the skills have more negotiating power.
      • The demand for casuals has increased to support system changes and transitioning people in and out of businesses.

Legal

 

Listings in the legal sector have followed a downward trend since July, but this is the first month to see an increase in demand. Total listings in the legal market increased by 18 per cent in October. This increase was solely due to permanent opportunities which increased by 39 per cent.

Part-time and casual listings both fell in October. Opportunities for these work types are less typical in the industry, so this is not too unusual.

Insights:

      • A noticeable increase in in-house legal and legal counsel opportunities.
      • Continued demand for support staff and solicitors across all areas.
      • Executive

         

        From September to October, listings in the executive space of the Newcastle job more than doubled. The total percentage increase was 183 per cent.

        Permanent listings accounted for most of the increase, jumping by 160 per cent. There has been considerable movement in the Newcastle executive market, so the jump in vacancies is not surprising given the current market. Casual and part-time opportunities also increased in October. Both increased by 600 per cent.

      • Insights:
          • A notable increase in enquiries from candidates in metropolitan markets interested in moving to Newcastle for lifestyle reasons.
          • Employers must focus on their ‘why’ and how to tell this story during an interview.
          • The market is job-rich so candidates have the option to hand-pick which opportunities they would like to interview for. This also means can do their due diligence investigating how well each opportunity aligns with their values and their own brand.
    • Procurement

       

      Procurement listings remained steady in October, marginally decreasing by 7 per cent. The number of casual listings was unchanged from September to October. Part-time opportunities in procurement are harder to come by, and there were none recorded in October.

      Insights:

          • Stable opportunities in this space.
          • Most opportunities are at the mid-level such as Procurement Coordinator, Procurement Officer or Purchasing Officer.

Australian job market

 

In the last month we’ve seen:

      • The Australian economy has grown by 1.5 per cent. Labour productivity increased by 1.2 per cent.
      • As expected, lockdown significantly affected business turnover. Most impacted were the arts, accommodation, food, and recreation services.

 

With borders easing, we expect candidate pools to broaden once again which will help those markets that are candidate-short. Market confidence has well and truly returned, with most sectors booming and opportunities expected to increase in the coming months. Candidates still do hold negotiating power, which means employers still must remain open to additional benefits as well as being certain of their own EVP.

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: September, August, July, June, May, April, March