Career Junction Index

8/3/2019 Career Junction Index

http://slidepdf.com/reader/full/career-junction-index 1/5

www.cji.co.za

The CareerJunction Index (CJI) has been established due to a lack of updated and accurate online

labour market information in South Africa. The CJI is the rst index of its kind that directly monitors

the online labour market in South Africa by examining supply and demand trends across all industries.

The CJI data is sourced from the CareerJunction website, where over 800 of the country’s top

recruiters (both agencies and corporate companies) advertise their vacant positions to more than

1.6 million career seekers. With the Internet becoming an increasingly popular method of nding

a job and sourcing candidates for positions, the CareerJunction Index provides HR professionals,recruitment agencies and career seekers with valuable insights into online labour trends in

South Africa.

The CareerJunction Index

• The current online labour market trends;

• Online labour demand trends;

• Online labour supply trends;

• Growing and shrinking industries and

occupations;

• Identies skill shortages;

• Analysis of labour cycles; and

• Identies strategies to alleviate

the effect of a decreasing supply ofcandidates.

The CJI provides insights

into the online labour

market dynamics

To download the CJI Executive Summary

each month visit www.cji.co.za.

Examines Best Career Choices for You



www.cji.co.za

Industries in Top Demand

The graph below indicates industries in terms of major demand ( jobs being advertised within

specic industry sectors).

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.

High demand for labour generally means that businesses are in dire need of those specic 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 benets to your career including many

employment opportunities, little competition in the job market, opportunity for growth and in

some cases, lucrative salary offerings.

Industries Displaying Major Demand (Demand > 2%)

Finance

FMCG

Engineering

Information Technology

Manufacturing

2% 7% 12%17% 22% 27%32%37%

• 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?

Before choosing a

career path, there

are some important

factors to consider

such as:



www.cji.co.za

The CJI’s statistics focus on labour supply and demand trends. By comparing these, career seekers

can gain an insight into current employment trends and labour statistics for various industry sectors.

This can aid career seekers in understanding the conditions which they may face when seekingemployment in a particular industry sector. Where recruitment is difcult, nding employment may

be easy. The opposite is seen for industries where recruitment is easy. Career seekers generally face

tough competition in industry sectors where recruitment is easy and seeking employment is more

challenging.

Below is a visual illustration of the overall online labour market situation, taking into account the

amount of active career seekers and the amount of advertised jobs on the CareerJunction website.

Industries in Top Demand

Less than 5potential career seekers

per job advert

Between 5 and 10potential career seekers

per job advert


per job advert


per job advert

More than 30potential career seekers

per job advert

RecruitmentVery Difcult

RecruitmentDifcult

RecruitmentModerate

RecruitmentEasy

RecruitmentVery Easy

Motor 10.46 Sales 13.67Mining 10.92 Botanical 13.70Design 10.97 Petrochemical 14.02Marketing 11.24 Medical 14.80Human Resources & Recruitment 11.53 Media 15.19Distribution, Warehousing & Freight 12.07 Manufacturing, Production & Trades 17.06Beauty 12.41 Agriculture 17.54

Legal 19.01

Engineering 5.37 Information Technology 6.75FMCG, Retail & Wholesale 5.58 Finance 8.00

Building & Construction 23.14 Hospitality & Restaurant 28.74Telecommunication 27.28 Social & Community 29.93

Science & Technology 31.69 Safety, Security & Defence 41.09Business & Management 32.99 Arts & Entertainment 55.98Property 33.35 Admin, Ofce & Support 63.42Transport & Aviation 33.72 Government & Local Government 84.58Travel & Tourism 34.65 Sport & Fitness 89.98Maritime 39.36 Education 94.01



www.cji.co.za

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

nd 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. Professionalswho specialise in these elds 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 elds of Travel & Tourism may have a hard time in nding 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 eld where a lack of labour exists

due to South Africa’s urgent need for those specic skills.

A shortfall in the number of workers with the skills needed to ll the jobs currently available.

A skills shortage can be caused by a lack of education and vocational training, or by wider social

and economic factors such as new technological developments. A skills shortage may affect a

region, an industry, or a whole country. Skills shortages of this type need to be addressed at

national level through effective manpower planning and the development of strategies for adult

education and vocational training. An organisation may suffer from a skills shortage as a result

of poor recruitment and employee retention policies, or through inadequate provision of trainingand employee development opportunities.

South Africa suffers from a number of skills shortages. Some of the prominent skills shortages in

South Africa are found within the Engineering, Information Technology, Finance and FMCG, Retail &

Wholesale industries. Demand for labour is particularly high within these elds, however qualied

professionals are scarce, thus the country is in dire need of these skills. South Africa has a very strong

focus on skills development within these sectors, particularly since the introduction of afrmative

action and BEE policies. The government spends billions of Rands each year on skills development

and more and more businesses are becoming active participants.

As mentioned previously, entering an industry which is considered to be in short supply of labour

presents various benets to your career, including many employment opportunities, little competition

on the job market, opportunity for growth and in some cases, lucrative salary offerings.

What is a Scarce Skill / Skills Shortage?

By acquiring a scarce skill, you are making a positive contribution to the country’s

skills needs!



www.cji.co.za

Below is a breakdown of the various industry sectors and related occupations that show evidence

of skills shortages:

Development & Software

Software Testing

Business Analysis

Web Administration & Design

GSM Engineering

Accounts Payable & Receivable

Accounting

Chartered Accounting

Cost Accounting

Internal AuditingPayroll & 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

Draughtsmanship

Industrial Design

Artisanship

Metallurgy

Fabrication & Production

Process & Operations Management

Production & Manufacturing

Operations (Control & Planning)

Quality Control & Assurance

Sales

Branch & Store Management

Client Services

General Management

Architecture

Quantity Surveying

Quality Control & Assurance

Civil Engineering

Structural Engineering

Material Engineering

Sanitary WorksArtisanship

Electrical Works

Procurement, Supply Chain & Logistics

General Management

Employee Benets Administration

Employee & Industrial Relations

Human Resources Consulting

Recruitment & Selection

General Management

Assembling & Manufacturing

Automotive Engineering

Electrical & Electronic Works

Parts Distribution

Sales

Service & Administration

General Management

Artisanship

Minerals & Metals

Mining Engineering

Maintenance & Planning

Safety & Environment

Team Supervision

General Management

Electrical & Electronic Engineering

Information Technology

Telecommunication

Finance

HR & Recruitment

Motor

Mining

Engineering

Manufacturing, Production & Trades

FMCG, Retail & Wholesale

Building & Construction

Career Junction Index

Documents

Transcript of Career Junction Index