If you’re planning to polish up your resume, now may be the perfect time. The latest data from SEEK Employment Trends shows the annual trend growth is the strongest since August 2015 and experts say skilled candidates are in hot demand.
The latest data from SEEK Employment Trends shows the annual trend growth is the strongest since August 2015 and experts say skilled candidates are in hot demand.
The most recent report shows prospects were up by 10.9% year-on-year and the positive results were shared across most industries. “There’s a general sense of confidence in the market right now,” says James Purtell, Managing Director of recruitment firm Cox Purtell. “When confidence is up, there is a greater willingness to hire more people.”
Mining industry digs deep
If you have been waiting for further signs of life in Australia’s Mining, Resources and Energy industry, June delivered more promising news. Opportunities were up by 84% and the average advertised salary was $106,235. “There is much more optimism in the sector than in recent years,” says Shaun McCambridge, managing director of Stellar Recruitment. “We’re seeing strong demand for skilled trades people, such as diesel fitters, as well as project managers, finance managers and mining engineers.”
It’s not only mining engineers experiencing increased demand. The latest data from SEEK shows candidates across the Engineering industry as a whole saw more opportunities in June. Prospects were up by 30% year-on-year and the average advertised salary was $105,292.
“Demand for engineers is strongest in NSW and Victoria, where there are a number of large infrastructure projects going on,” adds McCambridge. “We expect to see things heat up in eastern Queensland as well with the Logan Enhancement project and the Parallel Runway project at Brisbane Airport. These projects are all leading to a greater need for engineers.”
Strong results for the public sector
If you’re looking to make your next move in the public sector, you’ll be pleased to know that opportunities in Government and Defence grew by 20% year-on-year and the average advertised salary was $90,561.
Purtell says that while there is an increase in hiring at the Federal level, the New South Wales Government is showing the strongest appetite for talent across the states. “The NSW economy is strong and there’s a budget surplus,” he says. “It feels like the purse strings aren’t so tight at the moment and hiring is quite robust.”
Meanwhile, opportunities in Banking & Financial Services continued to grow in June. They were up by 5% year-on-year and the average advertised salary was $90,695. Opportunities for accountants showed similar growth, rising by 4% year-on-year and the average advertised salary was $83,321. “Employers are looking for candidates who can demonstrate strong analytical skills,” says Purtell.
A slip in three sectors
Only three industries experienced a year-on-year decline in June. Call Centre & and Customer Service was down by 4% and the average advertised salary was $57,638. Retail & Consumer products slipped by 5% and the average advertised salary was $59,379. There was also an 18% decline for Advertising, Arts & Media and the average advertised salary was $74,433.
While opportunities in the Insurance & Superannuation industry were at the same level as June last year, Purtell is seeing signs of growth in the market. “We’re seeing good demand for account executives and claims brokers,” he says. SEEK data shows the average advertised salary for the industry was $87,653.
Positive signs from Western Australia
A pick up in opportunities in the largest employment states of NSW and Victoria helped drive the solid results in June. The mining states of Western Australia and Queensland also delivered standout results.
Western Australia enjoyed its strongest job ad growth since the mining boom peaks of early 2012, up 13.8% year-on-year. Queensland also delivered solid results, taking out the title as the strongest state for job advertising in June.
The NSW job market saw its third consecutive monthly boost in opportunities in June and Victoria also remains strong. Meanwhile, Tasmania, South Australia and Northern Territory have continued their upward trend over the past four months.
Making your opportunities count
With opportunities on the rise, Purtell says there are ways to stand out from the competition.
“Research the company before applying for a role and make it clear in your application and interview that you understand how they fit into the market and what makes them different,” says Purtell. “Keep your CV up-to-date and make sure it’s results-driven because employers want to see what you’ve achieved in your career and how you can benefit their business.”
McCambridge recommends having a clear idea of what you want from your next role so you can clearly articulate this during the interview process. “There are a lot of opportunities out there, so make sure that they are in line with your personal career drivers,” he says.
SEEK delivered positive results for candidates in June. Will the growth continue in July? We’ll be watching how the market moves.