Average national salary reaches record high on Trade Me Jobs
Tuesday, 22 October 2024
The average advertised salary on Trade Me Jobs rose by 1.4% on the same period last year.
The number of job applications also rose but the number of listings dropped.
There were also fewer jobs advertised with working from home as an option.
The average advertised salary has reached a record high on Trade Me jobs.
Aotearoa produced a record average advertised salary in 2024’s third quarter ending September 30 at $72,815, up 1.4% on the same period last year.
Trade Me Jobs sales director Matt Tolich said it was positive to see stability in salaries.
“And Kiwi employers offering competitive salaries amid the challenging economic conditions at play.”
The industry with the highest salary was executive and general management at $121,653, followed by IT on $109,786 and banking-finance and insurance $97,005.
The industries earning under the national average salary included customer service at $60,613, hospitality and tourism at $62,960 and manufacturing and operations at $64,664.
Wellington had the highest national average in the country at $76,069 in the September quarter, followed by Auckland at $75,420 and Otago at $72,801.
Meanwhile, the number of job applications was up 34.8% in the September quarter compared to the same time last year, while listings were down 38.7% cent year-on-year.
“There’s no doubt the labour market and economy overall is making it tough for jobseekers who are finding themselves competing with more people for fewer roles,” Tolich said.
“However, if we compare this most recent quarter to April through June where listings were down across all regions and industries it’s a brighter picture with some green shoots able to be seen in the data.”
Tolich said the quarterly data for both Wellington and Auckland showed how difficult the past few months had been for the two cities.
Job listings in the capital were down 9.5% quarter-on-quarter with declines across all but two industries, government and council, up 4% and automotive up 2%.
The biggest falls between July and September were recorded in sales, down 30%, construction and roading, down 20% and office and administration down 19%.
“It’s interesting to see the growth in government and council roles in Wellington and compare it to the declining applications for these positions which is down more than 6.1% year-on-year. It’s clear the recent scale of public sector job losses are making job seekers especially cautious when looking at these roles.”
In Auckland, listings fell 12.8% between quarters.
The data showed working from home was also on the decline with a 30% decrease in the proportion of job listings on site with ‘work from home’ in the description in the most recent quarter.
“We saw a 24% reduction in the proportion of working from home roles on site in the last quarter of 2023, around the time the job market started slowing down after which the proportion stabilised and did not change much until more recently.
“There’s been a lot of talk in recent months, both from a New Zealand and global perspective about employers wanting to prioritise connection and have their teams together but for many, office workers in particular, the benefits of working from home are significant and may impact their future job selection,” he said.