Jobs go down, but IT salaries hold

An analysis of job vacancy ads by Trade Me, released today, shows the New Zealand employment market is continuing to deteriorate, but IT salaries continue to shine.

“A reduction in jobs and a surge of job seekers has seen applications per job increase by 32%,” says Trade Me jobs head Jimmy McGee.

“Customer service roles, and the banking and finance sector are the hardest hit by the labour market contractions but central government, local council and engineering are still showing growth.”

The best paid professions are in IT, Trade Me finds, with IT sales taking out the top spot with an average salary of $123,786. Other IT jobs commanding six-figure salaries include IT architects ($117,073), IT project managers ($107,995) and functional consultants ($107,109).”

Outside of IT, the best paid professions are doctors ($109,431) financial controllers ($105,995), construction project managers ($104,358) and engineering project managers ($100,720).

Wellington and Auckland remain the highest paid locations.

McGee says the outlook for the employment market this year is bleak.

“We’re likely to see three employment trends in 2009. First, the downturn will become more widespread. Second, pay rates on offer for new employees will be flat. Last, while workers will continue to look at new opportunities, they’ll be reluctant to jump ship unless the business is rock solid and the opportunity outstanding.”

- Trade Me and Computerworld NZ are both owned by Fairfax.

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