Talent Edge New Zealand
Getting the balance right
As New Zealand’s economy slowly hauls itself out of recession, business leaders now have to address an old problem that has been thankfully absent for the past couple of years. The much promised upswing in economic performance brings with it the bittersweet pill of shortages in key areas of a business’s talent pool.
These new economic conditions, along with the impact of ongoing globalisation, an ageing workforce and advancing technology, call for new talent strategies. Adjusting to this environment with new approaches will be critical to reducing the impact of inevitable talent shortages that will intensify in the next few years of recovery.
To gauge the thinking of New Zealand employers on this critical issue, Deloitte conducted an online survey of businesses in November. That there were 360 respondents, from a range of industries and business size, demonstrates a keen interest in the issue.
Our findings indicate employers now need to turn their minds to new strategies, and not rely on old tactics and outdated programmes, to allay a problem which represents a significant threat to growth prospects.