In order for the region to remain an economic powerhouse for Aotearoa New Zealand, it needs to ensure it has the skills, flexibility and resilience to meet current and future labour market demands.
This includes supporting industries and businesses to meet the challenges of attracting and retaining skilled workforce and ensuring the approach to labour market planning is a joined-up one, with workforce, education and immigration settings working together.
While the region has identified unique challenges to our region’s labour market, constraints are a global issue with continuing pressures from the Covid pandemic. Globally there is an ageing population with a declining birth rate, so this combination will likely result in a much smaller global workforce in the next decade or two. Whilst technology will improve processes and efficiency, there is still a need for people to develop and use this technology, requiring a more highly skilled workforce in the future. The skills gap in this area is expected to increase significantly in the next few years.