Property and construction sectors lead the way in growth. Photo / File
Property and construction sectors lead the way in growth. Photo / File
The property and construction sectors have New Zealand's fastest job growth and will outstrip all other sectors in the next two years.
Demand for talent is highest in these areas and more than half the employees or 62 per cent are receiving bonuses, according to a survey of salary andemployment by the local arm of international recruitment experts Michael Page which questioned 335 employers across a range of industry sectors.
"Property and construction continue to lead the way in growth, outstripping other industries in terms of activity and demand for talent for the next 12 to 24 months. Confidence levels are high, with 82 per cent of employers in this sector rating their confidence at good and very good, versus the overall sector average of 68 per cent. A large number of employees (62 per cent) in this field are receiving bonuses, indicating strong performance," the survey found.
"Significant infrastructure and construction projects have been announced for Auckland, and together with the ongoing Christchurch rebuild, look set to continue the current boom in construction, property and infrastructure. As businesses re-establish themselves in Christchurch, a pick-up in activity is expected for next level services, such as marketing, sales, finance and IT," Michael Page said.
The survey's findings tally with information from specialist online jobs business Seek predicting that this year, the biggest numbers of new jobs would be in education and training, healthcare and the medical fields, building trades, technology, design and architecture.
However, Statistics New Zealand data out this month showed New Zealand employment unexpectedly fell for the first time in three years in the third quarter, driven by a decline in part-time workers, and the participation rate declined further from a record high.
