Waikato & Bay of Plenty Regional Report
2020 Absolute IT 2020 Waikato & Bay of Plenty Regional Report
Key Findings ___ Industry Split Year on year, there has been a steady rise in employers stating The private sector covers the largest number of tech that they find it harder to source and digital employers in Waikato and Bay of Plenty. tech and digital talent than the year prior. This sector makes up 66% of employers in comparison to 28% of employers who operate in the At the time the responses were public sector and 6% of not-for-profit and social collected, 37% of Waikato and enterprise employers. Bay of Plenty employers said it was harder to source tech and digital talent compared to this time last year.
Skills in Demand
Business Analysis tops the list of skills in demand by We began compiling information for employers, followed by Project Management and this report before the wide reaching Architecture. effects of the COVID-19 pandemic began to impact New Zealand. This is the third year in a row that Business Analysis has retained its position as the most in demand skill in the While we are faced with these new Waikato and Bay of Plenty regions. economic challenges – the way we react and move forward will define Alternatively, Software Development, Business who the future leaders in the Analysis, and Project Management are the most technology industry will be. prevalent skills amongst tech professionals in the Waikato and Bay of Plenty regions. As we look to the future, the only constant that we can be sure of is the ever-accelerating rate of change. The wide-reaching effects of COVID-19 have the potential to alter the employment market on Money Matters both a radical and generational in scale. Waikato and Bay of Plenty's median tech base salary is $85,000, which reflects no change from the figure The workforce challenges that we recorded in July 2019. are on track to face in the future require us to take action and The median tech contracting rate of $88/hour is a develop the mechanisms, tools and 10% increase from the $80/hour recorded in July technologies that we will require to 2019. This rate is 8.3% lower than the national median succeed. With the right balance of of $96/hour. skill development and planning we can look forward to a more robust Waikato and Bay of Plenty's median digital base workforce who are more fully salary has seen a 10.3% increase from the $72,500 equipped to succeed in the future. per annum recorded in August 2019 to reach $80,000 per annum in 2020.
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Waikato & BoP Job Market Skill Gaps T h e m o s t p r e v a l e n t s k i ll s a m o n g s t W a i k a t o and Bay of Plenty Job Seekers are: Employer Demand Job Seeker Skills 1. Software Development
2. Business Analysis Business Analysis 3. Project Management
4. Management Project Management 5. IT Support/Helpdesk
6. Networking & Infrastructure Architecture 7. System Administration
8. Architecture Management 9. Testing & QA
10. Data & Database Software Development
T h e t o p t e n s k il l s i n d e m a n d b y I T E m p lo y e r s in Waikato and Bay of Plenty are: IT Support/Helpdesk 1. Business Analysis
2. Project Management Digital & Cloud 3. Architecture
4. Management Security 5. Software Development
6. IT Support/Helpdesk
7. Digital & Cloud Business Intelligence
8. Networking & Infrastructure
9. Security Testing & QA
10. Agile
When skill sets of job seekers and the skills in COVID-19 & Skills in Demand demand from IT employers in Waikato and Bay of Plenty are cross referenced, it becomes The outbreak of COVID-19 has pushed clear that Architecture, Digital, Cloud, and many organisations to re-evaluate the Security skills are the biggest pain points for skills that they require to both survive employers, as demand far outstrips supply. and thrive. Nationally, we have seen an increase in demand for cloud, security Alternatively, System Administration is a job and data skills as organisations attempt seeker skills that is more readily available to navigate the current landscape. across the market without an equivalent demand from employers.
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IT Professionals in Waikato & Bay of Plenty
Employment Type
4% 56%
of Waikato and Bay of Plenty IT professionals want to change jobs in the year ahead. 18%
78% 20%
of Waikato and Bay of Plenty IT professionals find it harder to find jobs in their area of speciality compared to this time last year, Permanent Contract Fixed Term while 9% find it easier.
Gender
84% Male 15% Female 1% Non-binary
Primary deciding factor when Top three reasons for changing jobs accepting a new job offer 1 Work travel - 26% 1. Challenging Work - 30% 2. Improved Income - 21% 2 Career development - 13% 3. Location & Travel Time - 13% 4. Better Benefits - 11% 3 Time for a change - 12% 5. Flexible and remote working opportunities - 10%
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IT Professionals in Waikato & Bay of Plenty
of Waikato and Bay of Plenty IT professionals rate their 84% workplace as a good place to work.
Results across the sectors varied slightly, with 75% of public sector employees, 88% of private sector employees, and 73% of not-for-profit and social enterprise employees reporting that their workplace is a good place to work.
Primary drivers of workplace satisfaction
41%
37%
27%
20% 19% 17% 16%
11% 9%
3%
Management Salary Diversity Workplace Career Style Culture Progression
Respondents who rated their Respondents who rated their workplace as a good place to work workplace as a bad place to work
The primary drivers of Waikato and Bay of Plenty IT professionals' workplace satisfaction align with the national response. This solidifies the importance of management and workplace culture in creating a positive workplace experience.
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IT Professionals in Waikato & Bay of Plenty
Median tech remuneration rates for Waikato & Bay of Plenty IT Professionals
90k $85,000 $85,000 $82,000 85k $81,000 n o
i 80k t a r e n u 75k m
e $70,000 R $68,500 70k
65k 2015 2016 2017 2018 2019 2020
Median contracting rates for Waikato & Bay of Plenty IT Professionals
Median tech hourly rate Median digital hourly rate
$80 $88 $75 $82
2019 2020 2019 2020
Despite the global impact of COVID-19 on all The median tech contracting rate of $88/hour industries and sectors, we have largely seen is a 10% increase from the $80/hour recorded stability in tech and digital professionals' in July 2019. This rate is 8.3% lower than the income which we feel proves the vital role that national median of $96/hour. IT will play in our recovery. Waikato and Bay of Plenty's median digital Waikato and Bay of Plenty's median tech base base salary has made a 10.3% increase from salary is $85,000, which reflects no change the $72,500 per annum recorded in August from the figure recorded in July 2019. 2019 to reach $80,000 per annum.
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IT Employers in Waikato & Bay of Plenty
Key reasons employers are hiring
35% 30% 17%
Replacement of staff New projects Increased demand of IT from the business
Hiring Intentions
Prior to the COVID outbreak, 47% of IT Nationally, 47% of IT employers have stated employers in Waikato and Bay of Plenty that they intend to hire contract staff in the planned on hiring contract staff and 70% next 12 months. planned on hiring permanent staff within the next 12 months.
Permanent Staff 70%
Contract Staff 47%
Employers' top reasons for hiring contractors
Project work Skill availability Quick start
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Budget constraints and funding are the primary business challenges for Waikato and Bay of Plenty IT employers. Business Attracting and retaining staff comes in second, and challenges staying price competitive rounds out the top three business challenges faced by IT employers.
63% 37%
of Waikato and Bay of Plenty IT of IT employers in Waikato and Bay of employers have a corporate social Plenty find it harder to attract tech and responsibility initiative in the tech space digital talent to their organisation as part of their 2020 business plan. compared to this time last year.
Intern & Graduate Programmes
of Waikato and Bay of of Waikato and Bay of Plenty IT professionals have Plenty employers have undertaken an internship or employed IT interns or 28% graduate programme at 57% graduates over the past some point in their career. three years.
Value received from internship and graduate programmes for IT professionals
80% 14% 6% Valuable
Neutral
Not valuable
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Remote Working Benefits of remote working for employers
Prior to Covid-19 Happy and motivated employees
You are not limited to the talent 33% available in your location
Drawbacks of remote working of Waikato and Bay of Plenty IT for employers employers offered remote Loss of personal connection to working team members
Negative impact on team After New Zealand entered Alert Level 4 dynamics lockdown, organisations across the country found themselves forced to adapt to new ways of working and communicating within a short space of time. Remote working as a talent attraction and retention strategy We predict that moving forward more Prior to the outbreak of Covid-19, half of IT companies will adopt and embrace remote employers surveyed said that they offered working and we are fascinated to see what remote working to attract talent from across the 'new norm' of working in the IT industry will look like. New Zealand, while the other half said that it helped them to retain staff who want to work remotely.
Work-Life Balance
49% of tech and digital professionals in Waikato and Bay of Plenty rate their work-life balance as above average, 38% rate it as 87% average and only 13% rate it as below average.
Flexible working hours and remote working of IT professionals from Waikato and also rate as the top non-financial benefits for Bay of Plenty have flexible working IT professionals in these regions. options and/or remote access
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(07) 834-0411 Level 5, absoluteit.co.nz 127 Alexandra Street [email protected] Hamilton 3204