Another Friday is here, and we hope you are all continuing to stay safe and well in your Level 3 bubble.
Below is our wrap up for the week.
Market update – Accounting & Finance
Planning around next steps for the move to Level 2 remains the focus for many of the businesses we’ve been talking with this week.
Though industries such as Banking and Finance have not paused recruitment throughout Levels 4 and 3, other employers are now beginning to confirm which vacancies will be filled when we move to Level 2. A number of organisations are still not ready to recruit and have adopted a wait and see approach.
Increasingly we are hearing from professionals in the Accounting and Finance space who returned from overseas just prior to the lockdown. They came home to New Zealand to be with family or because their plans were disrupted. With the move to Level 3, many exceptional candidates have been in touch wanting to know about opportunities.
Yesterday we held our CFO Breakfast network event virtually and this was a chance for participants to hear insights about how different organisations have responded to the COVID-19 crisis and problem solve about the response. Participants also discussed the challenges facing their teams from a wellness perspective, the impact working from home was having on productivity and the challenges facing SMEs in particular.
The feedback we are receiving from employers is different, depending on the industry. Where there is risk in some areas and industries, there are opportunities in others. The business world will be different but Level 2 will come with some upturn. Business culture and ways of working could be different forever.
Market update – Supply Chain, Operations & Procurement
We’re continuing to recruit roles currently in industries that haven’t been as affected by COVID-19 including food, pharmaceuticals, health and primary industries. Many of these organisations are busier than usual, with some struggling to find the time to recruit.
There are companies who were still wanting to hire but have held off, as their preference is to be back on site before onboarding new recruits.
Employers know it can be challenging to find good staff so they’re making every effort to retain people by reducing hours, rather than making staff redundant.
Many firms who have experienced a slowdown have used the time to think strategically about their future and tackle tasks that have been on the “to do” list for a while.
Despite anticipating a rough road ahead, they are determined to build a stronger business.
Market update – Contracting
We expect there to be an upshift in contractors at times of disruption, until more certainty returns to the market and firms feel confident about recruiting permanent roles.
This week we’ve begun recruiting some new, senior contracting roles and the number of interim vacancies will increase when we move into Level 2.
There are currently a lot of experienced, talented contractors looking for opportunities. These include professionals who have returned from overseas and interim staff who have had their contracts finish early due to the pandemic.
A good number of those who have come home to New Zealand are unsure if they will go back overseas once it is safe, so right now they’re only looking for short-term opportunities.
Feedback from candidates
Security is the key word we’ve been hearing from people over the last week.
Some active candidates have removed themselves from the market because they feel secure in their current position, even if they are working reduced hours. Many wish to remain loyal to employers they believe are doing a good job looking out for staff and a strong sense of togetherness is coming through in their feedback.
There are good candidates who have lost their jobs, with the quieter employment market leading to anxiety among candidates.
Links to some of the top jobs we’re recruiting at the moment:
Accounting & Finance
Supply Chain, Operations & Procurement
Have a great weekend everyone. If there’s anything you’d like to discuss in this update, get in touch with our team.