Not all Doom and Gloom for SA’s Job Market

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As the first study of its kind, the Staffing Industry Employment index focuses on five of the nine major industrial sectors in South Africa, shedding new light on developments within this space.

According to the study, overall labour expectations are down year on year and are expected to decline in future. Despite this, demand for ‘specific specialized labour’ is still evident – particularly within emerging industries.

Caz Pollock, Pollock & Associates Chief Executive Officer, agrees.

“We have seen a decline in the overall availability of basic labour positions since the financial downturn of 2008 occurred. Despite this, clients are still in need of skilled individuals to occupy vacant posts. Without these professionals, these industries will be unable to take advantage of future opportunities”.

“The need is particularly prevalent within the executive financial and engineering space. South African organisations are clambering to find good people with the right amount of experience”.

Fortunately, it’s not all doom and gloom. The Staffing Industry Employment Index suggests that South Africa’s economy is diverse enough to weather the storm and that, in time, general labour requirements may return to previous levels.

The rectification of high-level skills shortages is a far more complex challenge to overcome. To find out more about our thoughts on leveraging senior talent and international professionals, click on the blog links below.

Blog - Scope for Retired Professionals in Business

Blog - SA Skills Shortage – Are Quota Work Permits the Answer?

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