By Troy Turner
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November 1, 2023
New Zealand, with its breathtaking landscapes and vibrant culture, has always been a magnet for dreamers, whether they're locals or intrepid souls from abroad. But, when it comes to job hunting, this land of the Long White Cloud unveils a unique terrain that's both inviting and challenging for anyone seeking their place in the workforce. Let's dive into the heart of the matter. / Market Size and Structure: Picture this: New Zealand, a cozy small-market economy that boasts a plethora of small to medium-sized enterprises (SMEs). These are the unsung heroes, shaping industries from agriculture and tourism to cutting-edge technology and the arts. They're the backbone of our job market, offering a diverse smorgasbord of opportunities. But, here's the kicker – the big players are scarce. Large corporations and multinationals aren't as common as in some other countries. So, if you're dreaming of conquering the corporate world on a grand scale, well, it can be like looking for a needle in a haystack here. And keep in mind there is a lot of people waiting and wanting this opportunity also. / Skilled Workforce: Our secret weapon? An exceptionally educated and skilled workforce. Kiwis take their work and education seriously, and our talents are sought after worldwide. But, when global markets flourish, New Zealand sometimes feels the pinch as our brightest minds venture abroad. So, while you may hear about the influx of talent, you might wonder what our net gain truly is in the grand scheme of things. / Regional Variation: Now, here's where the Kiwi job market adds a dash of spice. It's not a one-size-fits-all situation. Take Auckland and Wellington, bustling cities that offer a buffet of opportunities across various sectors. But venture further, and you'll discover specialised industries like agriculture in the South Island. Oh, and here's a fact few people know: a whopping 33% of all employed folks are in Auckland alone, while Auckland, Wellington, Canterbury, and Waikato combined house 66% of the working population. / Skills Shortages: Just like any other country, we grapple with skills shortages. Healthcare, construction, IT – these are the areas where we could use some extra hands. It's no surprise that employers often look overseas for skilled professionals to bridge these gaps. But let's be honest, as other countries shine brighter on the global stage, luring top talents becomes a bit of a tussle. This may free up a little with the economic conditions changing but not as much as some might think. / Current Landscape: In the current New Zealand recruitment landscape, a notable decline in shorter-term contract positions is evident across the country, with this trend not being offset by an increase in permanent roles. Various sectors are experiencing their unique challenges; the Public Sector is transitioning to a reduced operating model, small to medium businesses are striving to boost sales to counter rising costs, and regional New Zealand is grappling with decreasing dairy payouts. Moreover, the nation as a whole is contending with high inflation and elevated interest rates, which may sound somewhat dire. However, the situation is not entirely bleak, and here's why: New Zealand boasts an impressively low unemployment rate, and globally, there is a shortage of both skilled and unskilled workers. While we anticipate this economic cycle to persist for a while, it's essential to remember that it's a problem for the present, and opportunities will eventually emerge, so stay vigilant. / In Conclusion, what does this mean: For employers, this period may entail lower employee turnover rates and greater difficulty in enticing employees away from competitors. You may also catch wind of potential organisational changes within your industry. If you're an employee, expect to encounter fewer job opportunities and limited mobility. Phrases like "we need to deliver more with less" might become more common. Nevertheless, it's crucial to recognise that this is a temporary challenge. My advice is to remain attentive and align your efforts with your organisation's purpose. Prioritise self-care to operate at your best both at home and work. Now is not the time to overexert yourself; instead, work smart. While the demand for contractors is indeed decreasing, it's unlikely to vanish entirely. Many individuals continue to appreciate the flexibility that contracting offers and may be reluctant to shift to permanent positions. Furthermore, organisations, uncertain about the future, are turning to project-based resourcing models as a way to mitigate long-term risks.