Survive to 2025 was last year’s motto.
Leaders went away for the Christmas holidays hoping the beginning of 2025 would start with more optimism. However, January and February statistics from sources we follow tell us that if there was optimism, it didn’t yet translate into the employment market.
In February 2025, job advertisements on SEEK New Zealand decreased by 17% compared to February 2024. On a month-to-month basis, there was a 2% decline from January to February 2025.
Seek NZ Country Manager Rob Clark tells us, “After two years of steady and significant decline in job ad volumes, the past eight months have been broadly flat. While we may not be out of the woods yet, the days of significant, broad-based drops in worker demand should be behind us.”
It was confirmed that NZ eased out of technical recession last quarter, with 0.7% growth in the GDP.
As we end the fiscal year for a lot of New Zealand organisations, one must be wondering if we’re going to see renewed budget and investment released soon. Organisation’s will also be closely watching the Government budget announcements in May; who and what will receive investment and what is the latest plan to “get New Zealand back on track”.
From 1 April, there are a number of new initiatives being rolled out by the government.
An interesting one is an additional 1% interest added to student loan interest rates for overseas borrowers, on top of the yearly re-calculation in rates that occurs.
Given student loans don’t bear interest if you’re living and working in NZ, will this help to halt what has seemingly felt like an exodus of our young, bright talent?
Should we interpret this combined information to mean that we are at or past the trough in our market now?
Our experts interact with hiring managers and candidates daily, giving us unique, real-world insights into the latest salary and benefits trends.
Auckland, the ‘City of Sails’, is known for both it’s beautiful scenery and for being a growing urban oasis.
Tāmaki Makaurau is home to the largest Polynesian population in the world and also houses large European and Asian communities. With trade relations currently being developed with other regions such as India and South America, immigration has increased significantly from these destinations over the last several years – creating a very dynamic and diverse city. This diversity contributes to a plethora of talent as well as amazing food options.
Auckland's relaxed working environment lends itself to a good work-life balance, which attracts talent from around the globe. Whilst the cost of living is relatively high in this city, easy accessibility to social services and New Zealand's world ranking as the easiest place to do business, makes it an enticing city to reside in.
Auckland is also a land of opportunity, operating as a hub for many start-up and scale up businesses with big aspirations. New Zealand's 'number 8 wire' mentality, which represents the Kiwi problem-solving and can-do attitude, permeates throughout Auckland's culture and in all that its citizens set out to do.
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