In this article, we will be carrying out an in-depth analysis of the South African job market for the first 4 months of the year (January 2017 – April 2017). We have based the analysis on Job Market Insights, our state-of-the-art big data tool, which provides a complete and accurate cross-sectional overview of the job market.
Sector-by-sector breakdown of job market growth
Finance is the sector that has provided most of the job offers in South Africa, accounting for 17% of the total market. Although the sector has shown a slight increase on the previous period, the total amount of job offers has in fact shrunk by the same proportion when compared to the same period last year. This is closely followed by the IT-Telecomm sector, which accounts for 14% of the total job market. Nevertheless, this sector is also showing a negative trend, down on both the previous period this year and the corresponding period in 2016.
The Administration-Clerical sector comes third, providing 12% of the total market in the first 4 months of the year and increasing its growth: its percentage increase on the previous period is more than twice that of the same period last year. Human Resources is undoubtedly the sector that has seen the most significant growth since the previous period.
Geographical distribution of the job market
Gauteng province, with over 40% of the total job market, is without question the country’s major economic centre, although growth is down compared with previous periods. National and international companies from the Finance, Production, Logistics and IT-Telecoms sectors are located here or, more specifically, in the capital Johannesburg, the ideal business incubator with all the right ingredients for growth. Meanwhile, Western Cape, with around 16% of the total market, continues to stand out for its tourism and industrial activity.
There is an indication of healthy industrial relations based on the fact that more than half of the job offers explicitly provide a permanent contract. The proportion of permanent contracts has remained virtually unchanged from previous periods.
Since September 2016, the legal consultancy firm, Dykes Van Heerden has stood out for its hiring capacity.
By a significant margin, Hire Resolve leads the ranking of top recruitment agencies for all of the periods under analysis, with a virtually unchanged market share throughout. This recruitment agency is focused in particular on the South African job market and specialises in the IT-Telecomm and Finance sectors.
The most popular vacancies in the job market and the job posts that companies have found most difficult to fill are set out below. As we can see, the job profile of Financial Manager has been the most requested from January 2017 to April 2017 and has also been one of the most difficult posts to fill, as has that of Receptionist.