Source: BusinessNZ
New research shows New Zealand’s need for workers will outstrip supply by a quarter of a million people by 2048, BusinessNZ says.
Sense Partners’ The future of workforce supply, a new report commissioned by BusinessNZ, shows that without policy changes our tightest ever labour market will get tighter.
BusinessNZ Chief Executive Kirk Hope says this report “proves there is no slack in our labour market”.
“We are in a global war for talent and New Zealand’s labour shortage is the most intense in the OECD.
“Inaction is not an option and the labour market will not correct itself. As our ageing population retires from the workforce, sufficient immigration is needed to boost the economy.”
Mr. Hope says BusinessNZ favours simple, open and permissive immigration policy.
“It’s not just a numbers game. The diversity of skills, experiences and networks migrants provide can combine with local skills to help New Zealand businesses thrive.”
Besides immigration, the report demonstrates additional measures for Government to chart a course out of the current labour crisis.
“Things like increasing participation and employment of Māori, Pasifika, women, and older people, to help close the workforce gap. Or by making capital investment in labour-saving technology simpler.
“We look forward to the Government working closely and at pace with industries to ensure we’re getting the skills we need, where they are needed.”
- This report was commissioned and prepared before weather events of both Auckland Anniversary weekend and cyclone Gabrielle. Recent disasters and the subsequent rebuild requirements make the need for international skills and talent more crucial than before
- Business New Zealand is committed to New Zealand’s success and sustainable growth through free enterprise. We represent New Zealand businesses both large and small, advocating on their behalf to make sure their voice is heard in Government.
- The BusinessNZ Network consists of BusinessNZ, EMA, BusinessCentral, CECC and Business South
