One way of getting people occupying office furniture in Auckland is to offer better pay, and it seems that two Kiwi cities are taking that idea as far as they can. Currently, Auckland and Wellington are fighting to be the NZ’s highest-paying city, and the race is neck-and-neck.
According to data from Trade Me, the NZ’s largest internet auction site, took a look at 72,000 vacancies posted on their site from May to July 2018, and noted that the difference in average wages in Auckland and Wellington fell below $2.
Recently, Wellington saw a notable increase in wages across the city, higher than that of Auckland’s by a considerable amount. The average wage in Wellington sat at $71,558 by July of 2018, which is 7% higher than that of 2017’s at the same time. Auckland’s, meanwhile, sat at $71,560, which is only a 0.2% increase compared to the prior 12 months, so people occupying the spaces and the office furniture in Auckland didn’t see much growth, though their numbers were quite high to begin with.
Trade Me Jobs Head Jeremy Wade says that, with Wellington having lower living costs and employers bumping up wages, the grass could very well be greener for people in the capital.
He adds that the regions in Auckland’s immediate proximity could be expected to follow suit, with slow wage growths expected to roll in within the second half of 2018. However, he notes, if the Government makes smart decisions regarding key infrastructure projects in the city, which will provide some certainty in the market, the numbers should bounce back fairly fast.
Wade attributed the added occupations in Wellington’s office furnitureto the Labour-led Government coming in and taking charge, as well as removing the servant cap earlier in June, which is expected to allow for continued growth in 2018’s 3rd quarter.
He’s advised people who’re looking to change occupations to make the change sooner rather than later, saying that the market saw the average number of job applications drop down by 6.3% across the NZ. He says that, with the economy doing well, the country near natural full employment , employer confidence at their lowest in half a decade, and job growth flattening, the job market is set to even out.