The high cost of living and high unemployment rate in New Zealand has led to many people leaving the nation, which in turn has caused a reduction in population growth and employment. In the next couple of years, lots of professionals are anticipating that New Zealand will experience reducing population growth and an increasing number of people and companies will be leaving the country.
Another unfavorable impact of this current financial recession and the slump in the real estate market is the inability of companies to retain the type and attract of workers they require. According to one industry analyst, “Nationally, we are seeing business having problem with the choice to hire less-experienced personnel, or to take on staff with insufficient abilities.” This analysis came as a result of the all of a sudden low level of brand-new company financial investment in the last year. As a result, numerous organizations and markets are suffering from a lack of qualified, dynamic employees, and those that stay have actually restricted choices when it concerns acquiring the workforce they need at a cost they can afford.
Source image: safetytrendz.com