Local employment confidence has increased for the fifth quarter in a row, but is up only marginally on figures from the first half of 2010, as businesses start hiring again. According to the latest Hudson Employment Expectations survey, 20 percent of businesses plan to increase their headcount during the July – September quarter.
The report shows that the IT sector leads the positive sentiment with 55 percent of employers indicating plans to raise their permanent staff numbers during the coming three months, a 29 percent increase on the first quarter.
“The sharp sentiment improvement in the IT industry is one of the clearest indicators that businesses are ramping up many of the projects that were put on hold recently, signing off the large-scale capital expenditure required for IT projects and back-filling vacant roles,” says Hudson NZ executive general manager Marc Burrage.
He also says that hiring intentions of the last three surveys indicate that the market has reached a new equilibrium, after the turmoil of 2009.
“Although this positive sentiment does not match the levels enjoyed during the boom, it suggests that businesses are feeling more certain about the future.”
Burrage adds that employer intentions to increase the size of their contracting/temporary workforce (an increase of 6.9 percent to 13.2 percent), demonstrates that businesses are taking a cautious approach to investment and looking for staffing options that allow them to scale up and down again quickly.