5 facts about the 2023 job market
Trade Me have recently released their "Employer and Job Hunter Intentions report 2023". Trade Me Jobs Sales Director, Matt Tolich says:
"For employers and job hunters, 2023 looks to be a year of surprises, we’ve had a few already in the political landscape, as well as natural disasters. Those prepared to listen, anticipate change and value staff will do well."
Below are a handful of stats that we thought you'd want to know.
1. Staff turnover was the largest driver for recruitment in 2022
Employers were asked "What was the primary reason for recruiting in 2022?" This is what they said:
- Staff turnover – 54%
- Expand – 22%
- New skills – 8%
- New projects/contracts – 7%
- New locations – 2%
2. 33% of Kiwis left their previous roles due to lack of flexibility or due to burn out.
Burnout is affecting Gen Z (18-26 year-olds) more than any other age group, and flexibility in the workplace may be a good starting point to curb the effects of burnout.
3. A large number of Kiwi workers are heading overseas
Kiwis that are heading away overseas for work:
- 18-25 years – 8%
- 26-35 years – 42%
- 36-45 years – 27%
- 46-55 years – 24%
4. What do employees want?
- Pay rate or salary packages!
- Work/life balance/flexibility
- Job security/stability
- The actual Job
- The culture & values of the company
5. Employers are stepping up to offer more workplace benefits
Here are some benefits that employers are offering:
- Flexible Hours
- Part time working
- Employee mental health support
- Work from home
- Leaves of absence/sabbaticals
- Extended maternity policies
- Job sharing programmes.
- Extended paternity policies
- In house facilities or subsided childcare
