Our Talent Insights Report offers a comprehensive analysis of the evolving dynamics within New Zealand’s talent landscape. Amidst economic uncertainties and shifting workforce priorities, understanding these trends is crucial for any employer, leader, HR professional, or stakeholder aiming to navigate the complexities of recruitment and retention successfully.

A year of adaptation and resilience

New Zealand stands at a crossroads in 2023, grappling with the threat of a global recession, an economic downturn and the echoes of the pandemic. Against this backdrop, the report introduces the current state of the talent market, highlighting the need for timely insights to navigate the year ahead in recruitment and retention.

A paradigm shift in the talent landscape

Ready for a change: Employees have itchy feet in their roles, with 39% of employees now seeking new roles elsewhere, rather than waiting for a promotion in their current roles.

There’s little insecurity: New Zealand employees are confident about their futures, with 71% saying that they feel like their job is secure. 42% also believe their company will continue to grow.

Cost of living pressures: The cost of living continues to bite, with 61% of New Zealanders saying that they don’t believe their current pay sufficiently meets the economic pressures.

The state of movement: greener pastures

This section delves into the motivations driving employees’ career decisions today. Unlike previous years, where a poor company culture led the charge for change, current trends indicate a strategic shift towards leaving jobs and bosses that they dislike, as well as situations of overwork.

Clear optimism: the new workforce sentiment

Despite the odds, New Zealand employees are looking at 2023 with hope. The report explores this sentiment, examining the underlying factors that contribute to a surprisingly optimistic outlook among the workforce and high levels of job security.

Recruitment and retention: today’s challenges and strategies

Understanding the expectations and desires of employees is more vital than ever. This section highlights the evolving demands for competitive compensation, burnout management, and improved recognition as key factors influencing both recruitment and retention strategies in today’s market.

The road ahead: insights for employers

The conclusion brings it all together, offering actionable insights for employers. It underscores the importance of retaining staff by offering competitive salaries, creating a great company culture, and leveraging flexible working arrangements.

Why this report is indispensable for your 2023 strategy:

• Comprehensive analysis: Dive deep into the factors shaping the New Zealand talent market, from economic pressures to changing employee priorities.
• Strategic insights: Gain valuable insights into employee motivations, the importance of job security, and the rising trend of ‘career cushioning.’
• Future-proofing: Equip yourself with knowledge to navigate the complexities of recruitment and retention in a rapidly changing landscape.

Empower your talent strategy:

As New Zealand navigates these challenging times, the insights from the “New Zealand Talent Insights Report 2023” are more than just observations—they are a strategic tool for any business looking to thrive. Understanding these key trends and adapting your strategies accordingly will be crucial in securing a competitive advantage in the talent market.

Stay ahead of the curve—download the full report now and transform your approach to talent management in 2023 and beyond.

Disclaimer: The information in this report is current as at 13 February 2023, and has been prepared by Employment Hero Pty Ltd (ABN 11 160 047 709) and its related bodies corporate (Employment Hero). The views expressed in this report are general information only, are provided in good faith to assist employers and their employees, and should not be relied on as professional advice. The Information is based on data supplied by third parties. While such data is believed to be accurate, it has not been independently verified and no warranties are given that it is complete, accurate, up to date or fit for the purpose for which it is required. Employment Hero does not accept responsibility for any inaccuracy in such data and is not liable for any loss or damages arising either directly or indirectly as a result of reliance on, use of or inability to use any information provided in this article. You should undertake your own research and to seek professional advice before making any decisions or relying on the information in this report.