The high cost of living and high joblessness rate in New Zealand has led to many people leaving the country, which in turn has triggered a reduction in population growth and work. In the next couple of years, numerous experts are predicting that New Zealand will experience decreasing population growth and an increasing number of individuals and businesses will be leaving the nation.
Another unfavorable impact of this recent economic recession and the downturn in the property market is the inability of companies to bring in and retain the type of workers they need. According to one market analyst, “Nationally, we are seeing companies having problem with the choice to employ less-experienced personnel, or to handle personnel with insufficient skills.” This analysis came as a result of the unexpectedly low level of new organization investment in the last year. As a result, numerous companies and markets are experiencing a lack of qualified, dynamic staff members, and those that remain have restricted choices when it concerns getting the workforce they require at a cost they can afford.
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