![[New Zealand] Fastest growth since 2016 for advertised salaries in August quarter](http://gpa.net/cdn/shop/articles/bigstock-Woman-Browsing-Job-Opportuniti-477510247_1200x.jpg?v=1697253653)
In New Zealand, advertised salaries on online employment marketplace Seek have continued to steadily grow in the August 2023 quarter, up by 5.1 per cent year-on-year. It is the fastest recorded growth in the Advertised Salary Index (ASI), where data records began in January 2016, SIA reports.
The ASI rose by 1.3 per cent quarter-on-quarter, the same growth rate as the previous quarter (March to May) and shows no sign of slowing.
Seek’s ASI is reportedly calculated for five regions of New Zealand: Auckland, Wellington, and the rest of the North Island, plus Canterbury and the rest of the South Island. All regions recorded growth in advertised salaries in the year to the August quarter.
Auckland lagged behind the rest of the country, however, at 4.7 per cent, advertised salary growth was still strong. Canterbury (6.5 per cent) and the rest of the South Island (6.2 per cent) had the fastest advertised salary growth over the year. Rest of North NZ recorded growth of 5.3 per cent followed by Wellington at 4.8 per cent, Seek revealed.
Of the largest industries, engineering experienced the fastest growth in advertised salaries (7.6 per cent), surpassing healthcare & medical (7.3 per cent). Advertised salaries in information & communication technology (ICT) have seen a slower rise, up only 2.8 per cent in the year.
Seek reportedly stated that the ASI in New Zealand is growing faster (5.1 per cent) than in Australia (4.6 per cent). Advertised salary growth in the country has continued to accelerate, while in Australia it has levelled off after a very strong 2022.
Rob Clark - Seek New Zealand country manager - said, “Advertised salary growth in New Zealand remains strong, despite the slowing economy. In fact, New Zealand’s advertised salaries are rising faster than any point in the past six years, outpacing salary growth in Australia.”
“While wage growth is still not keeping up with inflation, our data suggests it may continue to rise from current levels,” Mr Clark added. “All regions recorded strong growth over the past year, but the South Island outpaced the North, with advertised salaries in Canterbury rising 6.5 per cent in the year to August.”
Source: SIA
(Quotes via original reporting)
In New Zealand, advertised salaries on online employment marketplace Seek have continued to steadily grow in the August 2023 quarter, up by 5.1 per cent year-on-year. It is the fastest recorded growth in the Advertised Salary Index (ASI), where data records began in January 2016, SIA reports.
The ASI rose by 1.3 per cent quarter-on-quarter, the same growth rate as the previous quarter (March to May) and shows no sign of slowing.
Seek’s ASI is reportedly calculated for five regions of New Zealand: Auckland, Wellington, and the rest of the North Island, plus Canterbury and the rest of the South Island. All regions recorded growth in advertised salaries in the year to the August quarter.
Auckland lagged behind the rest of the country, however, at 4.7 per cent, advertised salary growth was still strong. Canterbury (6.5 per cent) and the rest of the South Island (6.2 per cent) had the fastest advertised salary growth over the year. Rest of North NZ recorded growth of 5.3 per cent followed by Wellington at 4.8 per cent, Seek revealed.
Of the largest industries, engineering experienced the fastest growth in advertised salaries (7.6 per cent), surpassing healthcare & medical (7.3 per cent). Advertised salaries in information & communication technology (ICT) have seen a slower rise, up only 2.8 per cent in the year.
Seek reportedly stated that the ASI in New Zealand is growing faster (5.1 per cent) than in Australia (4.6 per cent). Advertised salary growth in the country has continued to accelerate, while in Australia it has levelled off after a very strong 2022.
Rob Clark - Seek New Zealand country manager - said, “Advertised salary growth in New Zealand remains strong, despite the slowing economy. In fact, New Zealand’s advertised salaries are rising faster than any point in the past six years, outpacing salary growth in Australia.”
“While wage growth is still not keeping up with inflation, our data suggests it may continue to rise from current levels,” Mr Clark added. “All regions recorded strong growth over the past year, but the South Island outpaced the North, with advertised salaries in Canterbury rising 6.5 per cent in the year to August.”
Source: SIA
(Quotes via original reporting)
