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The CJI provides insights into the online labour market dynamics
The current online labour market trends; Online labour demand trends; Online labour supply trends; Growing and shrinking industries and occupations; Identifies skill shortages; Analysis of labour cycles; and Identifies strategies to alleviate the effect of a decreasing supply of candidates.
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The graph provides career seekers with a good indication of the industries that are in high demand of labour. Online demand for labour is remarkably high in the Finance industry The Finance industry currently constitutes more than 32% of online recruitment activity. This is followed by the FMCG, Retail & Wholesale industry where nearly 22% of online recruitment activity takes place. The Engineering, Information Technology and Manufacturing, Production & Trades industries also account for a high percentage of online labour demand.
Before choosing a career path, there are some important factors to consider such as:
Is there a demand for those professionals? What is the competition like in the job market? What are my potential earnings within this industry? Is there potential for me to grow?
High demand for labour generally means that businesses are in dire need of those specific skills. This is very often attributable to a lack of suitable candidates in the job market. Possessing a highly required set of skills adds various benefits to your career including many employment opportunities, little competition in the job market, opportunity for growth and in some cases, lucrative salary offerings.
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Between 5 and 10 potential career seekers per job advert Engineering FMCG, Retail & Wholesale Between 10 and 20 potential career seekers per job advert Motor Mining Design Marketing Human Resources & Recruitment Distribution, Warehousing & Freight Beauty 10.46 10.92 10.97 11.24 11.53 12.07 12.41 5.37 5.58
Recruitment Difficult
Information Technology Finance Recruitment Moderate Sales Botanical Petrochemical Medical Media Manufacturing, Production & Trades Agriculture Legal Recruitment Easy
6.75 8.00
Between 20 and 30 potential career seekers per job advert Building & Construction Telecommunication 23.14 27.28
28.74 29.93
More than 30 potential career seekers per job advert Science & Technology Business & Management Property Transport & Aviation Travel & Tourism Maritime 31.69 32.99 33.35 33.72 34.65 39.36
Safety, Security & Defence Arts & Entertainment Admin, Office & Support Government & Local Government Sport & Fitness Education
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The high demand for labour in the Information Technology; Engineering; Finance and FMCG, Retail & Wholesale industries creates a limited supply pool. As a result, recruiters struggle to find suitable candidates for jobs. Presently, recruiters have access to less than 10 potential candidates per advertised vacancy within these industries. This creates an ideal employment environment for career seekers, who face very little competition on the job market. The opposite is seen across industries that display easy recruitment conditions. Professionals who specialise in these fields face tough competition on the job market as supply volumes are high and there are many professionals who hold the required skills. For example, someone who specialises in the fields of Travel & Tourism may have a hard time in finding employment since he/she will be one of 34.65 potential candidates for any one particular job vacancy. The youth are therefore advised to pursue their studies within a field where a lack of labour exists due to South Africas urgent need for those specific skills.
By acquiring a scarce skill, you are making a positive contribution to the countrys skills needs!
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Below is a breakdown of the various industry sectors and related occupations that show evidence of skills shortages:
Information Technology HR & Recruitment Manufacturing, Production & Trades
Employee Benefits Administration Employee & Industrial Relations Human Resources Consulting Recruitment & Selection General Management
Draughtsmanship Industrial Design Artisanship Metallurgy Fabrication & Production Process & Operations Management
Motor Assembling & Manufacturing Automotive Engineering Electrical & Electronic Works Parts Distribution Sales Service & Administration General Management
FMCG, Retail & Wholesale Production & Manufacturing Operations (Control & Planning) Quality Control & Assurance Sales Branch & Store Management Client Services General Management
Accounts Payable & Receivable Accounting Chartered Accounting Cost Accounting Internal Auditing Payroll & Wages Purchasing & Procurement Taxation Investment Banking Risk Management Acquisition & Leverage Management Asset Management Portfolio Management Treasury Management Actuary Insurance Administration & Sales Insurance Advisory Underwriting Financial Management
Mining
Artisanship Minerals & Metals Mining Engineering Maintenance & Planning Safety & Environment Team Supervision General Management
Architecture Quantity Surveying Quality Control & Assurance Civil Engineering Structural Engineering Material Engineering Sanitary Works Artisanship Electrical Works
Engineering
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