CareerJunction has released its latest index measuring the level of job activity in South Africa, showing a more competitive market as job demand outweighs supply.
The CareerJunction Index (CJI) represents online labour dynamics in South Africa by analysing the relative ratio of supply and demand in the online job market.
The index is compiled by looking at data gathered from the CareerJunction website.
A score above 100 indicates that there are fewer career seekers per job listing, meaning more opportunity for career seekers, while a position lower than 100 indicates more job seekers per job listing.
According to CareerJunction, at April 2013, the overall index for South Africa was at 94.34, indicating a slightly more competitive environment for job seekers.
The index reveals which job sectors are most in demand in South Africa, namely: Finance; IT; Engineering; FMCG, Retail & Wholesale; Medical and Manufacturing, Production & Trades industries.
“When looking at active career seekers across various industries, areas of high supply correlates closely to areas of high demand. However, supply seems to outstrip demand in some areas, including the fields of Admin, Office & Support and Education,” CareerJunction said.
According to the report, job searches at CareerJunction have picked up by 27% in April 2013, while job ad valumes increased by 21%.
The IT industry saw a steady trend in employment from November last year to March 2013, CareerJunction said. Demand picked up slightly during April 2013.
The IT sector has a listed index of 93.71.
“While IT salaries saw minimal change year-on-year, salary offerings for skilled & senior database administrators / developers increased by 8%-19% compared to 2012,” CareerJunction said.
According to the review, the best paid IT employees are still business analysts, who can expect salary offerings of between 5% and 9% more.
According to CareerJunction, job ad volumes in the Telecommunication industry have picked up during 2013.
“Since January, employment has strengthened by 14%, however demand remains much lower than the same period last year (24%),” it said.
Telecommunications sector has a listed index of 105.52.
“Job seekers in the Finance industry may be feeling the pressure as labour demand continued to decrease while job search activity is on the rise,” CareerJunction said.
“Current vacancy volumes remain considerably lower than the same period last year. Year-on-year, employment has weakened by 16%.”
The financial sector has a listed index of 88.63.