Bridging the skills gap - main region
Bridging the skills gap
Why is there a skills shortage in New Zealand?
The Great Resignation: Turn challenge into opportunity
How to overcome skills shortages: Your nine-point plan
1. Remodel your EVP around values and purpose
2. Map your candidate journey and ensure consistency
3. Consider transferable skills
4. Reconsider the value of location
5. Impress candidates in your job interviews
6. Understand the key drivers of candidate attraction
- Flexibility: As the concept of work-life balance evolves to work-life integration, and work is viewed as a subset of life rather than a separate entity, candidates are placing greater emphasis on regular flexibility. So, disclose early in your attraction process your hybrid and flexible working policy.
- Salary: Salary remains a key driver for candidates, with wage increase pressure mounting in response to the shortage of skilled professionals. Today’s candidates are aware of the demand for their skills, which means you must carefully manage increased expectations of their worth. While benefits (see below) can help bridge this expectation divide, there may be occasions where you need to increase salaries to secure talent in highly competitive areas.
- Benefits: Candidates are placing equal focus on benefits, but they must resonate. This differs from person to person, so work with your recruiter to get to know your preferred candidate, then tailor an offer accordingly;
- Learning and development: As part of the benefits on offer, share learning and development opportunities. Remember, all staff want to develop. It’s understandable that employers focus their training efforts on employees who need to improve, but don’t overlook the training needs of your high performers, too;
- Career progression: Career growth remains a top reason why candidates leave a job and look for a new one. Show candidates you offer opportunities to grow and advance their career with you. Let them know you will support them to thrive and succeed;
- Mental health and wellbeing support: Many people experienced burnout, fatigue or stress during the pandemic and are therefore motivated to find a workplace that supports their mental health and wellbeing. Explain the support offered in your workplace and demonstrate that you understand there are times when they may require additional support