Auckland is currently in week three of a Level 3 lockdown and from a search and recruitment perspective, this lockdown is very different.
In this edition of The Wrap, we provide a brief update on what has been happening in the market.
How has recruitment been impacted by the current lockdown?
For Hunter Campbell there has been a very minor impact on recruitment since moving to the current lockdown on Wednesday 12 August.
Virtually all of the roles we had advertised continued to be recruited. This is a marked difference from the Level 4 lockdown in March, when approximately 60% of roles were put on hold or were taken off the market.
In the areas we recruit in (Accounting, Finance, Supply Chain, Operations and Procurement) there has been a slow but steady uplift in the number of roles coming to market since restrictions were eased after the first lockdown. In the Supply Chain area in particular, there has been a significant increase in the volume of jobs being recruited over the last week.
The sectors we are recruiting in currently are broad and include Financial Services, Telecommunications, Grocery, Property, Manufacturing, Wholesale, FMCG and Health.
Though the impact of the pandemic continues to be more severe for specific sectors such as Hospitality and Tourism.
Contract recruitment is steady, and not extremely busy like we expected. This may point to fewer gaps in the market due to less people moving positions.
What is different this time around?
Level 3 is quite different from Level 4 – business can operate at a higher level and it is much less restrictive than a full lockdown.
This time people and businesses knew what to expect. Systems are in place for employees to work remotely.
Many clients are now much more comfortable with virtual interviewing and onboarding.
What we are seeing is a lot more businesses confident in their response because they’ve been here before. It could be a long journey so many are getting on with things.
Are employees hesitant to move jobs?
Employment security is still the number one priority for most people. With less roles on offer, people want to know that any potential new job will be secure. That is not to say that people will not move for a great opportunity.
What we are seeing is employers fighting hard to keep their employees. Good talent is hard to find and employers recognise the importance of holding on to their biggest assets. We all know that the cost and time to get a new employee up to speed is high, and time and cost are at a premium right now.
The prospect of future lockdowns and switching between levels adds a level of insecurity.
We are seeing people take more care with compliance and businesses are continuing to gear up for the possibility of ongoing disruption in the future.
New Zealand has come off the back of a period of strong economic growth and it could be some time before we are back to pre-COVID levels.
There is a silver lining – data shows New Zealanders returning home in record numbers, and the significant increase in interaction we’ve had with homeward bound Kiwis supports this.
The brain gain is a reversal of a trend that New Zealand hasn’t experienced for a very long time. While we don’t know yet if these people are here for good or will leave when things settle, the situation presents a great opportunity for businesses. There are many exceptional, skilled professionals looking for work who could really assist businesses, and New Zealand, to grow.
Future CFO Programme
Next month we kick off our inaugural Future CFO Programme!
Future CFO has been developed to support middle and senior Finance professionals to navigate the next steps in their career. The programme includes mentoring, networking, Leader Forums and career development support.
We have 16 participants taking part in our first programme with a fantastic line up of mentors and guest speakers.
Interim CFO website
This month we have expanded our Interim CFO offering.
Through Interim CFO, we provide leading finance professionals who will deliver tailored solutions to the issues your business is facing.
Whether you need to grow, transform, prepare for an IPO or sale, raise capital or restructure; we can match the right expert to your business requirement.
Links to some of the top jobs we’re recruiting at the moment.
Accounting and Finance:
Supply Chain, Operations and Procurement:
In case you missed it – news and views
Check out our latest updates:
- Writing a winning CV
- Get noticed: A recruiter’s tips for getting your application considered
- Big 4 First Movers: Where to next?
If there’s anything you’d like to discuss in this update, please feel free to get in touch with our team.