Job Market Cools as Salary Growth Slows, But Pay Still Rising for Some Roles
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Pay growth has slowed down and salaries have tapered off for permanent and temporary staff due to more caution in hiring.
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Highly specialized roles have seen the most salary growth over the past year.
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Customer service, construction, architecture, marketing, engineering, supply chain, and technology roles saw pay increases, especially in Auckland.
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There is more competition among candidates now compared to during talent shortages. Employers want productive employees with the right skills.
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Entry-level candidates expect higher wages, widening the gap between their expectations and what employers can afford.