It's hard to believe that we're almost at the end of 2024. As we swiftly approach the end of the year we're seeing the market continue to remain in a hesitant state, fuelled by a year of economic uncertainty. Moving into 2025, we're optimistic that things will start to return to normal and business confidence will increase following a well-deserved holiday period.
Across the Auckland market, we’ve observed a number of organisations pressing the pause button on major programmes of work or cancelling certain project streams. This is due to funding constraints and/or strategic realignments. Some of these initiatives are now delayed, with talks suggesting that activity will pick back up in February or March next year.
These realignments have left many tech contractors in limbo, uncertain of when or whether their next engagement will resume. For businesses, this temporary halt presents an opportunity to reassess priorities and optimise for the future. While it’s a challenging moment for the industry, it's important to prepare for the bounce-back. When these programmes restart, there will be a sharp increase in demand for contractors and project leaders, making this an opportune time to begin talent mapping and pipeline development.
We continue to see growth in the software development contracting space across Insurance and Retail sectors. These are led by transformation initiatives which is also driving a need for Project Managers and Business Analysts in digital.
Top 3 growth areas in tech for Auckland
Another critical trend we’ve observed is that companies are facing a deluge of job applications. With the slowdown in certain sectors, many job seekers are sending in their CV’s en masse in response to job advertisements. While it's encouraging to see so much talent eager to engage, for many of our clients this volume can quickly become overwhelming. Sifting through hundreds of applications to find the right candidates is a daunting task, and one that requires careful attention to detail to avoid missing out on top talent.
If your team is struggling to keep up with application volumes, we can help streamline the process, saving you time and resources while ensuring you don’t miss any golden opportunities.
As we approach the end of the year, it’s essential to look ahead to the opportunities and challenges 2025 will bring. While this year has seen some pauses and slowdowns, particularly in government and large-scale transformation projects, we anticipate a strong rebound in the new year. Companies will need to be agile in their hiring strategies, ready to scale their teams quickly when work picks back up.
We encourage our clients to begin planning now for the influx of talent needs expected in the middle to end of the first quarter of 2025.
Looking for more Market Insights? Check out our Q3 2024 State of the Market report right here.
Thanks for your interest in what we do here at FIND. We love meeting and helping amazing kiwis every day and will always do our best for our clients and candidates. We've been simplifying the recruitment game since 2008, so don't hesitate to get in touch if you need our help!
