The SEEK employment summary for May 2017 - SEEK Career Advice

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SEEK employment summary - May 2017

SEEK employment summary - May 2017

May delivered more good news for candidates across Australia with opportunities on SEEK rising by 8.5% year-on-year and almost every industry experienced growth.

May delivered more good news for candidates across Australia with opportunities on SEEK rising by 8.5% year-on-year and almost every industry experienced growth.

Michael Ilczynski, Managing Director for SEEK Employment, says the results suggest the broader employment market is on the up. “Most states and territories across Australia experienced positive job advertising growth in May, which is suggestive of an improving labour market,” he says. “The big surprise has been the strength of the Western Australian labour market. Advertising on SEEK across the state increased 16.1% year-on-year in May, which is eight consecutive months of positive advertising growth on SEEK.”

Mining, Resources and Energy leads the way
The Mining, Resources and Energy industry was out in front in May with job prospects rising by 90% year-on-year and the average advertised salary was $110,390. Matthew Gribble, Regional Managing Director of recruitment firm Michael Page, explains that the lift in commodity prices has improved mining profitability and supported an increase in spending on mineral exploration.

“This a good sign for the mining industry and for Western Australia, after five years of tough times,” he says. “Combined with increased spending on maintenance and repair of existing projects, we see the lift in exploration as helping to stabilise mining investment in the coming quarters. Lithium and gold are breathing life back into the mining sector with upwards of A$5 billion invested this year and WA already supports almost 30% of the world's lithium production. It is set to increase that by the beginning of 2018 if the amount of projects pending and in progress proceed.”

Construction on the rise
Candidates in the Construction industry will be pleased know that May saw opportunities rising by 25% and the average advertised salary was $107,893. “The Australian construction market is experiencing high periods of growth, particularly in the Queensland, Victoria and NSW markets,” says Gribble, adding that salaries have also been on the rise in key areas.

“We have continued to see an increase in salaries being offered to strong candidates with industry experience within both the residential and commercial sectors,” he says. “For senior management or director appointments, we have also noted across the past 12 months that in-demand candidates have been able to negotiate lucrative bonuses linked to performance and achieving certain construction project goals. The most in-demand positions that we are seeing are site managers, project managers, estimators and also contract administrators across all sectors.

A boost for ICT
Opportunities for candidates in Information and Communications Technology also increased by 5% year-on-year and the average advertised salary was $102,386. Andrew Morris, Australian Director of recruitment firm Robert Half, says growth in this industry may be due to recent global concerns around cyber security. “I also think a lot of companies are looking to invest in efficiencies and making sure that they've got the right IT platforms in order to grow in the current economy,” he says. “It's not just a matter of implementation – you can't just put in a new system and hope that it's going to bring efficiencies. This is causing a lot of project work.”

Meanwhile, Banking and Financial Services saw a year-on-year lift of 5% and the average advertised salary was $89,048. Morris notes it will be interesting to see how the proposed new bank tax impacts the industry in the coming months. “I think there will be an analysis of what the future looks like and what efficiencies the banks can draw on in order to make some good business decisions in the second half of the year,” he says.

Growth across the states
Candidates in South Australia had even more opportunities in May with a 20.1% growth year-on-year. Tasmania also experienced an increase of 15.2% over the same period and Queensland saw a 12.4% lift.

Victoria rose by 9.1% compared to the same time last year and the Northern Territory followed close behind with growth of 9% The NSW labour market also looks to be improving with job ads up 4.6% year-on-year in May.

Meanwhile, opportunities in ACT slipped by just 0.5% year-on-year in May.

Standing out from the crowd
Morris says the first step to standing out in the current employment market is to consider how you appear on paper.

“Candidates for particular jobs are probably going to have similar backgrounds and expertise, but what makes you stand out is how you've added value to an organisation, how you've increased efficiencies, decreased costs and increased revenue,” he says. “You need to make sure that your resume stands out by including all significant things you’ve achieved and how it's actually affected the profitability and efficiency of the business versus someone else who doesn't list those tangible results.”

With the majority of industries delivering positive results, there were even more opportunities for you on SEEK in May. We’ll be watching how the market moves in the months ahead.