The high cost of living and high unemployment rate in New Zealand has actually led to lots of people leaving the country, which in turn has actually triggered a decrease in population growth and employment. While many companies have minimized staff numbers and have actually increased staff performance through technology and other workforce-boosting strategies, the reduction in population growth and employment has had a significant negative effect on the ability of the nation to bring in and maintain the types of jobs and professionals it requires. If existing trends continue, there is little indicator that this down pattern will reverse anytime in the near future. In the next few years, numerous professionals are forecasting that New Zealand will experience reducing population growth and an increasing number of people and organizations will be leaving the nation.
Another negative impact of this current financial recession and the depression in the real estate market is the inability of companies to attract and retain the type of employees they require. According to one market expert, “Nationally, we are seeing business struggling with the decision to work with less-experienced personnel, or to take on personnel with inadequate abilities.” This analysis came as a result of the all of a sudden low level of brand-new business investment in the last year. As a result, numerous organizations and markets are suffering from an absence of qualified, vibrant staff members, and those that remain have restricted choices when it comes to acquiring the manpower they need at a price they can afford.
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