New Zealand’s building industry stabilising

Salary Guide: New Zealand’s building industry stabilising, confidence returning

Following a tumultuous 2009, confidence is returning to New Zealand’s building industry. That’s one key finding from the 2010 New Zealand Institute of Building/Hays Construction Salary Guide.

An extensive guide to building industry salaries across 12 New Zealand locations, it reveals that 41 per cent of employers expect a strengthening general economic outlook over the next six to 12 months, which is a substantial improvement on last year, when just 12 per cent of employers expected the economy to strengthen.

“While it will take time for a full recovery to take place, the market is slowly but surely bouncing back,” said Jason Walker, Managing Director of Hays in New Zealand. “The first areas of candidate demand are emerging once more. According to the Salary Guide, Project Managers, Senior Managers, Estimators and Quantity Surveyors are among the most difficult skills to recruit.

“In addition, the number of contract roles in the market is rising and moving forward we expect an increase in permanent opportunities,” he said.

The Salary Guide also reveals that well over half of all management-level staff in construction received a bonus. For example, 64 per cent of Project Managers, 77 per cent of Construction Managers and 78 per cent of General Managers received a bonus.

The average length of service for the industry is three to five years for 36 per cent of workers, and six to 10 years for 35 per cent of workers.

For 75 per cent of workers, the average working week is between 40 and 50 hours. 18 per cent work between 50 and 60 hours a week, while four per cent work in excess of 60 hours a week.

The New Zealand Institute of Building/Hays Construction Salary Guide can be accessed at: www.hays.net.nz/about/NZIOBSalaryGuide2010.pdf.

ENDS

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