CFOtech New Zealand logo
Technology news for Kiwi CFOs and financial decision-makers
Story image

JobAdder reveals reality of 'the great resignation'

By Catherine Knowles
Fri 29 Jul 2022

JobAdder, a global recruitment software solution that helps agency and in-house recruiters find and manage talent more effectively, has released the findings of its Q1-Q2 2022 ANZ Talent Acquisition Report and its Global Industry Report - Recruitment and Staffing.

The reports together highlight the impact of 'the great resignation' and worsening candidate shortages - with relatively stable numbers of new jobs, yet a significant decline in applications per job - reflecting a tight talent market with less application interest from candidates.

Overall applications per job for Australia and New Zealand (A/NZ) in-house users fell to 14.90 in Q1-Q2 2022, down 25% from 19.90 in 2021.

The latest figures reveal a 68% plunge in applications per job for in-house users compared to pre-pandemic figures (applications per job were 46.50 in 2019).

For agency users across the A/NZ market, applications per job in Q1-Q2 2022 fell to 13.00, down 18% from 15.80 in 2021.

For Australian in-house users specifically, applications per job declined over the past 12 months, despite a slight uptick in Q1 of this year.

Year-on-year figures show a significant drop from 22.17 average applications in Q2 2021 to 14.34 applications in Q2 2022. Across the year, this fell to 18.93 in Q3 and 14.82 in Q4, followed by a slight uptick to 16.31 in Q1 2022.

Similarly, the average ratio for applications per job for Australian agency users saw a steady decline over the last year (despite a slight rise in Q1 2022), dipping from 17.22 in Q2 2021 to 12.68 in Q2 2022.

New Zealand in-house users also saw a significant drop in average applications per job across the last year, with the average falling from 16.37 in Q2 2021 to 13.82 in Q3 and 10.39 in Q4.

As with Australia, 2022 saw a temporary uptick with a slight increase to 12.35 in Q1 before dropping again to 10.32 in Q2. Agency accounts in New Zealand also saw lower rates of applications per job, with the average moving from 11.91 in Q2 2021 to 10.01 in Q2 2022.

CEO of JobAdder, Martin Herbst, says, “Our global platform data shows that, despite some macro-economic warning bells, the overall recruitment market remains historically very tight. Job demand from companies is still high while the supply of candidates measured by applications per job is at all-time lows.

"This means recruiters must continue to be resourceful in finding and cultivating candidates as evidenced by a general shift toward more proactive sourcing in the last two years.”

In Australia, in-house users saw only slight fluctuations in the number of new jobs created per JobAdder in-house account across the last 12 months. It started at 48.48 average jobs in Q2 2021 before moving slightly above 50 in Q3 and Q4 but then falling to a low of 47.79 in Q2. These figures remained steady in Australian agency accounts.

Agency users created 65.56 in Q2 2021, which dipped below 65 in Q3 and Q4 before climbing back to 65.86 in Q2 2022.

In New Zealand, the average rate of new jobs for in-house users was lower across the year, which is understandable given that it is a smaller market than Australia.

In-house users saw an average of 37.39 jobs in Q2 2021, falling below 35 in Q4 and Q1 before rising slightly to 36.22 in the last quarter. For New Zealand agency users, 2021 started off with a high of 60.88 jobs per account in Q2, before falling to 58.91 in Q3 and 50.93 in Q4. The average then rose slightly across the first half of 2022 with it hitting 54.66 in Q1 and 56.47 in Q2.

Recruitment thought leader and JobAdder advisor, Greg Savage, says, “The situation in New Zealand has been similar to that seen in Australia, although we must remember that New Zealand had COVID-19 restrictions and lockdowns for a period after these were lifted in Australia. This may account for small fluctuations in new jobs created, but right now hiring demand in the country is very strong indeed, and talent shortages are severe in many sectors.”

According to the researchers, New Zealand has tighter border controls than Australia and without straying into political commentary, which is not our remit, it's also true to say that the two governments have had different approaches to encouraging and facilitating post-COVID-19 migration.

This is making for an exceptionally tight labour market in New Zealand, exacerbated by an outflow of Kiwis looking to enjoy overseas work experiences, which were curtailed by COVID-19 restrictions.

Savage continues, “Traditional tactics to attract candidates are simply no longer sufficient. Organisations, both agency and in-house, that rely on job boards and LinkedIn only to attract candidates are being left far behind.

"The science and art of candidate attraction, engagement and management is a complex cocktail of branding, outreach and consistent communication, and will be the differentiator going forward. Even though it's true that an economic slowdown might free up candidate supply, the shift is a fundamental one, and superficial and knee-jerk responses to hiring needs will lead to failure."

Looking at days to place figures for in-house users, the numbers for temp and contract roles were slightly higher in New Zealand, sitting at 25.40 days. Australia saw an average of 24.50 days. For agency users, Australia took an average of 6.20 days to place temp and contract roles, followed by New Zealand at 7.10 days.

Meanwhile, for in-house users filling permanent roles, the average number of days to place for New Zealand was 25.80 days. Australia fared worse, with in-house users seeing an average of 31.80 days. This was reversed as it relates to permanent placements across agency users in Q2 2022, with Australia filling roles in an average of 30.30 days and New Zealand, 35.80 days.

Related stories
Top stories
Story image
Cyber resilience
NZ’s Cyber Resilience Framework to be evolving and potentially automated
The government's already putting $2.4 million into the Cyber Resilience Framework in its initial stages, what is it and why is it important?
Story image
CDC hyperscale data centres now open in New Zealand
CDC Data Centres (CDC) says two new, state-of-the-art hyperscale data centres are now open for business in Auckland.
Story image
Collaboration app market revenue grows 28.4% year-over-year
IDC has found that global revenues in the collaboration applications market grew 28.4% year-over-year in 2021 to $29.1 billion.
Story image
CM Group recognised as Best Overall MarTech Company
MarTech Breakthrough has ranked CM Group as the Best Overall MarTech Company for the third year running and Cheetah Digital as Best Overall Marketing Campaign Management Solution.
Story image
How to increase the success rate of business data projects
Amid changing economic conditions and uncertainties about supply chains and staff availability, it's never been more important for New Zealand organisations to be innovative.
Story image
Ingram Micro
Ingram Micro NZ sees $74 million revenue growth in 2021
Ingram Micro New Zealand's latest financial report reveals that its revenue from contracts with customers increased by almost $74 million in 2021.
Story image
LG Electronics
LG Electronics’ revenue in NZ grows by 57% in FY 2021
The New Zealand branch of LG Electronics Australia's total revenue shot up by nearly NZD $45 million reaching a total of $123.7 million for FY 2021.
Story image
Google NZ numbers show strong comprehensive profit increase
The latest financial report from Google New Zealand Limited has revealed an increase in total comprehensive profit of over $NZD 7 million.
Story image
DCI Data Centers breaks ground on AKL02 center
DCI Data Centers has commenced construction on Auckland's largest data center.
Story image
Data analytics
Data analytics a struggle for A/NZ healthcare organisations
A study by InterSystems has found that most Australian and New Zealand healthcare organisations struggle to use data analytics to support their business objectives.
Story image
New Zealand
2degrees announces appointments to newly established board
2degrees has announced Liz Coutts as the board chair, while Russell Stanners and Kathy Meads join her as directors.
Story image
Why printing security plays a vital part in keeping Aotearoa safe
While internet printing, mobile printing and other similar technologies have no doubt made things easier to manage, it has also brought a whole new set of problems to the table.
Story image
Exclusive: The Access Group shares the benefits of embracing SaaS
In today's rapidly changing working environments, efficiency and productivity are surefire ways to create business growth and success.
Story image
Financial results
Jade Software’s plan to get back to surplus in 2022
Jade Software has released its latest financial report, revealing that the company has kept its loss low from $567,000 in FY 2020 to just $153,000 in FY 2021.
Story image
Digital Transformation
Top tips for making your finance transformation program a resounding success
Planning to make 2023 the year you embark on a wholesale finance transformation program? It’s a move that will stand your enterprise in excellent stead as you navigate the complexities of the post-Covid business landscape.
Story image
Exclusive: UKG brings a people focused approach to workforce management
Managing an effective and efficient workforce is the crux of any business operation, and in today's climate, it's more than just work employers need to be aware of.
Story image
10 Minute IT Jams
Video: 10 Minute IT Jams - An update from Heidrick & Struggles
Graham Kittle joins us today to discuss how the company is helping organisations bring about change within their business.
Story image
Tech job moves
Tech job moves - Fastly, INX, Kinly, SmartBear & Vectra AI
We round up all job appointments from July 29 - August 12, 2022, in one place to keep you updated with the latest from across the tech industries.
Story image
Digital Transformation
Why it is imperative to keep up with technology advancements
Technology is constantly evolving, which is why digital transformations can often be complicated. What legacy items stay? Will the new and old work together? Or is there a whole new system that we need to introduce?
Story image
Artificial Intelligence
Gartner unveils key emerging tech to watch in 2022
"Such technologies present greater risks for deployment, but potentially greater benefits for early adopters," says Gartner.
Story image
Cloud and data protection big challenges for NZ businesses
"This surge towards a cloud-first approach meant security and safety became afterthoughts - there's no point being the fastest car on the racetrack if you crash.”
Story image
Sophos reveals latest ransomware trend impacting orgs
Sophos has announced in a new whitepaper that Hive, LockBit and BlackCat, three prominent ransomware gangs, consecutively attacked the same network.
Story image
Pure Storage
Pure Storage named leader in GigaOm report for Kubernetes storage
Pure Storage named the leader for the third consecutive year by GigaOm Radar Report for enterprise Kubernetes storage.
Story image
Norton research finds NZ threat landscape diversifying on social media
Norton's quarterly report has highlighted the seriousness of the threat landscape in New Zealand.
Story image
Gartner Magic Quadrant
Gartner names Lookout a Visionary in 2022 Magic Quadrant
Gartner has recognised Lookout as a Visionary in the 2022 Magic Quadrant for Security Service Edge (SSE) and one of the top three offerings in the 2022 Gartner Critical Capabilities for SSE report.
Story image
Hybrid Cloud
The essential guide to digital transformation by SolarWinds
Digital transformation is a buzzword thrown around all the time by companies, but what does it actually mean and why is it important? SolarWinds breaks it down.
Story image
Workplace design a crucial factor for better employee experience - report
The key to a successful workplace could be its design, according to research from Ecosystm and Neat.
Story image
Investment in APAC cold storage to reach $5 in next decade
Investment in Asia Pacific’s cold storage market is expected to grow fivefold in the next decade, according to JLL.
Story image
How well do rangatahi understand cyber safety in Aotearoa?
Do rangatahi in Aotearoa understand the importance of being safe online, or has lifelong exposure to the internet resulted in widespread complacency?
Story image
Automation to take over 63 million jobs in APAC by 2040 - report
Forrester forecasts that working populations in the five largest economies in APAC are more at risk of physical robot automation than in Europe and North America.
Story image
Google Cloud
Google Cloud to open first cloud region in NZ - among others
Google Cloud has announced plans to bring three new cloud regions, one each in New Zealand, Malaysia and Thailand.
Story image
New Zealand cloud provider challenges Google's claims on data control for region
A Wellington cloud services provider says Google's claim it will offer New Zealanders complete control over their own data is not true.
Story image
Datacom research explores reality of zero trust in A/NZ
Zero trust is fast emerging as global best practice in cybersecurity and local leaders are on board, with 83% considering it essential to security.
Story image
NZ program recovers and recycles more than 177 tonnes of e-waste
The TechCollect NZ pilot program says its milestone of recovering and recycling more than 177 tonnes of ICT e-waste recognises the efforts of many.
Story image
Gartner Magic Quadrant
Gartner positions Commvault as Leader in 2022 Magic Quadrant
Gartner has named Commvault a Leader in its 2022 Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions report.
Story image
SnapLogic teams up with meetmagic for charity and children
SnapLogic has announced its partnership with meetmagic, an online Australian platform that combines business and philanthropy.
Story image
Augmented Reality
TeamViewer remote access software integrated into RealWear Cloud
TeamViewer has announced a major expansion of its partnership with RealWear, a leading provider of assisted reality wearable solutions for frontline industrial workers. 
Story image
Tech job moves
Tech job moves - Cohesity, Equinix, IDC, Proofpoint & Xero
We round up all job appointments from July 29 - August 5, 2022, in one place to keep you updated with the latest from across the tech industries.
Story image
IBM expands Power10 server line for business modernisation
IBM has recently announced a significant expansion of its Power10 server line with the introduction of mid-range and scale-out systems.
Story image
Document Management
TrustRadius gives M-Files two document management awards
TrustRadius has recognised M-Files with both a 2022 Best Feature Set and a 2022 Best Relationship award in document management.
Story image
Garmin expands NZ footprint with new Auckland distribution centre
The facility at Goodman’s Highbrook Business Park will be fully operational from October 2022 and features 3,586sqm of warehouse space.
Story image
Latest VMware threat report reveals truth about deepfakes
"Cyber criminals have evolved. Their new goal is to use deepfake technology to compromise organisations and gain access to their environment."