Clayton Kimpton says that Kensington Swan has not had any trouble finding good people. “London has not been hiring in a big way yet – but a couple of our people are testing out the market and there must be some reason for that level of confidence.”

Simpson Grierson’s Kevin Jaffe has also observed this renewed confidence: “Last year there was almost zero movement – whereas now people are starting to take their chances. We’re starting to see people travel, take time out, even if they don’t have a job to go to -  fewer people seem to have something concrete lined up compared to the past.”

Kimpton also notes that there is likely to be an increase in salary pressure for firms owing to perceptions that the downturn has passed and also as a result of employees seeking compensation for a widely anticipated increase in GST later this year.  Janice Fredic says that Duncan Cotterill has managed to garner some “really good candidates” but she is expecting this to be a short-lived luxury: “We are expecting [market tightening] to happen, especially since Australia  is so far ahead of New Zealand in terms of recovery.”

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