All of the 10 highest paying roles advertised on Trade Me were in the IT sector.
If you want to make some serious money, you’d better look into becoming a CEO at a large company, but for most humans, the most lucrative roles to be attained this year are likely to be in the IT field.
Ross Taylor, chief executive of Fletcher Building, was paid a total salary package of $7 million last year, driving bonuses for the chiefs of New Zealand listed companies.
That compares with the average hourly earnings in the country of $35.25, according to Statistics New Zealand, or $73,320 a year.
In 2022, the IT sector will likely continue to offer the highest paying jobs, according to Trade Me Jobs sales manager Matt Tolich.
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In the third quarter of 2021, all of the 10 highest paying roles advertised on the site were in the IT sector, with average salaries of $129,668, up 17 percent from the previous year.
“The tech industry is already feeling the brunt of the talent shortage and salaries are skyrocketing as a result,” said Tolich.
Moreover, closed borders are putting pressure on the sector by preventing new talent from entering the country to meet the growing needs of the sector.
The highest paying role outside the IT industry was accounting, with an average salary of $126,482 for finance managers and controllers.
Immediately behind were risk and compliance roles in the banking, finance and insurance sector, which paid an average salary of $122,484, followed by project management roles in Construction and Roads, which paid an average salary of $117,887.
“Looking ahead this year, we don’t see any indication that salaries will slow as companies continue to compete for talent,” he said.
Competitive salary payments have proven to be an effective tool for attracting and retaining talent.
“We likely won’t see that change until our borders are opened and companies can look beyond our shores to fill those niche roles.”
Seek.co.nz is not currently reporting salary figures, as closings and job losses have skewed the data. But Rob Clark, director of state, said job ads remained strong, and with fewer applications per job, it will still be a market for job seekers in 2022.
He said job ads on Seek rose 1 percent in December, which might not sound like much but build on a 5 percent monthly increase in November.
There was a curiosity of potential job candidates, but people did not apply for the vacancies.
“Job security is high on their minds in this kind of environment, so they are a little less likely to move than they are used to in terms of new jobs.
“The smaller talent pool as a result of the limits is also putting pressure on employees,” Clark said.
Job announcements were at record levels in 2021, and the same dynamics were at play this year.
In the first 10 days of 2022, there were 60 percent more jobs posted on the site than there were in the same period in 2021. In December, job advertisements rose by a third in December 2019. Meanwhile, job applications for each job fell vacant 39 per cent.
“It’s hard to see the number of jobs change, and I think that’s going to continue to be very strong and New Zealand obviously remains the pool of talent that companies can work with, so I think a lot of the trends we’ve seen are on the back end,” Clark said.
Employers had to work even harder to bring better wage offers and better conditions to the table.
The largest volume of job postings was in IT, but there was growth in transportation, logistics, commerce, services, health care, and medical jobs advertised on the site.
“It’s definitely a market for job seekers right now, companies just have to work harder to attract talent, and there’s a little less talent than we usually see.”