KiwiBuild Boom For NZ Build Market Sees Unprecedented Demand For Talent
The New Zealand building industry boom is set to provide companies in the construction sector more opportunities within the residential construction market. The recent announcement regarding Kiwi Build, a holistic policy by the Labour party to tackle the current housing crisis has created this opportunity for NZ construction firms. To meet the increased demand there is a growing need for companies to retain their workforce, upskill staff, implement apprenticeships, as well as recruiting new talent from NZ and overseas to meet this unprecedented demand.
The Build NZ Construction Market is in need of new skills
According to the Ministry of Business, Innovation and Employment (MBIE) reports, the overall construction staff demand in the industry will increase 11% annually. The talent required is not limited to frontline construction workers but also professionals with related skills. Specific skills such as surveying, site management, building inspection will all be needed to sustain the increasing construction projects.
Since the local working population does not have enough workers to sustain the market, it is very likely that the government and the industry will have to implement an additional recruitment drive internationally. Immigration New Zealand is proactively reaching out to foreign professionals such as engineers surveyors and site managers. Australia is one of the leading locations that these talents are migrating from. However, with an Australian construction market that has seen sustained growth over recent years, there is a need to look further a field to meet the skills shortage. South Africa and the UK are proving to be useful markets to recruit from.