Hire in New Zealand
New Zealand is a developed country that enjoys a free-market economy. Amongst all developed countries, it has one of the lowest unemployment rates of around 4.9 percent. Due to the COVID-19 pandemic, unemployment has increased in various sectors, but the government has not released exact numbers. New Zealand is a beautiful nation with an amazing climate, biodiversity, culture, and diversity.
New Zealand has numerous roles and opportunities to offer to professionals in agriculture, science and technology, environment, geology, art, literature, food, media, and many more. It is an amazing nation to live in as it boasts of excellent infrastructure, a better quality of life, and tremendous job security.
Overview of New Zealand
New Zealand has been ranked 3rd in the 2020 Index of Economic Freedom. It has trade relations with leading economies such as China, Australia, India, the European Union, the United States, and Japan. Also, New Zealand exports native timber, meat, whaling, sealing, gold, flax, wine, kauri gum, etc. It has a strong agricultural sector contributing to the maximum exports of the nation. The education sector also contributes to the economic growth in the country.
Total population – 5.1 million
GDP – US $142.79 billion (NZ $205.54 billion)
New Zealand has a nominal GDP of US $134.23 billion (NZ $193.545 billion) with a per capita income of US $26,823.05 (NZ $38,675). Its PPP GDP is US $142.55 billion (NZ $205.54 billion), with per capita income in terms of PPP being US $28,485.49 (NZ $41,072). New Zealand has been ranked 14th in the 2019 Human Development Index (HDI). Research and development in New Zealand has seen remarkable development, and now it contributes 1.37 percent to the nation’s GDP.
The market of New Zealand is based on the transportation, telecommunications, and energy sectors. The transportation sector has faced a huge setback due to the lockdown necessitated by the COVID-19 pandemic. As the restrictions are slowly lifted, the industry is trying to regain its hold to cover up the losses faced and register profits in the coming years.
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A brief glimpse of the industries
- The energy sector in New Zealand is set to be in the top 5 nations when the index of geopolitical gains and losses after energy transition (GeGaLo Index) comes into force. The renewable energy sector in New Zealand is leading on a global level.
- The telecommunications sector is a developing sector in New Zealand. On the global level, this sector is lagging, but that is where the job opportunities are emerging as the government is trying to take this sector up to speed with the world.
- The transportation sector of New Zealand is an important sector offering numerous employment opportunities. Road networks, railway networks, airway networks, seaports form the backbone of this sector.
Cost of living in New Zealand
The cost of living in New Zealand is higher than in most countries. An individual requires the US $1,000 to $2,000 per month to tend to all their expenses. Tier 1 cities are way more expensive than Tier 3 cities. On the global scale, New Zealand is more expensive than some countries such as India, while less expensive than some countries such as Australia.
Cost of Renting
The cost of living on rent in New Zealand is affordable to many individuals. Shared living spaces are always a go-to for college students and recent graduates. It costs on the average US $1,200 to rent a decent housing space. The rent varies depending on the available facilities and the area of the housing.
Cost of living depending upon your location
Categorization of cities is done based on their economic value, population, etc. The cost of living in Tier 1 cities is obviously more than most other cities in New Zealand. Depending on the availability of commodities and accessibility from the region, the cost of living differs.
- Cities categorized as Tier 1 cities are metropolitan cities like Auckland, Christchurch, etc.
- Cities categorized as Tier 2 cities are upcoming centers like Wellington, Hamilton, Tauranga, etc
- Cities categorized as Tier 3 cities are locations with notable growth potential like Whanganui, Palmerston North, Hibiscus Coast, etc
Below are details regarding the cost of living in the leading Tier 1 and Tier 2 cities of New Zealand.
The top sectors that are expected to hire in 2021 in New Zealand are: -
Top skills in New Zealand
The majority of the hiring opportunities in New Zealand emerged from the private sector. Along with hard skills, New Zealand looks for soft skills such as communication, teamwork, problem-solving, etc. New Zealand is always looking for skilled and talented individuals who can fit in the country perfectly well.
Major skills and areas which have witnessed a recent growth rate
- Business analytics
- Web development
Top skills city-wise occupation-wise
New Zealand offers diverse opportunities to professionals in various fields. These opportunities are based on the location you are looking at. Every city has its unique features which determine the employment trends in that region.
- Wellington – Being the capital of New Zealand, Wellington has enormous job opportunities in trade, sales, politics, tourism, and other sectors. It has a low cost of living which is attractive to new job seekers. The City of Wellington offers an average weekly salary of US $864.86 (NZ $ 1,247).
- Auckland – Auckland is one of the major running cities in New Zealand. It offers almost the same opportunities as Wellington. But it has a higher cost of living than the capital city. The average weekly salary in Auckland is around US $900.86 (NZ $ 1,295).
Employers must cover the cost of hiring when they are looking for new talent or individuals. The process of hiring is lengthy and requires considerable resources. Following are the various aspects that determine the hiring cost
- Interview process
- Personnel to conduct interviews
Salary structure for various roles
The table below highlights the average salaries that are offered to employees in New Zealand according to different sectors: -
Employment laws in New Zealand
The employment laws in New Zealand are based on various constitutional laws. They consider the economic, personal, social, physical, and mental well-being of the employees. The labor division of the New Zealand government ensures compliance with these laws. Following aspects are taken into consideration by the labor division:
- Maternity leave, paternity leave
- Paid leave
- Overtime compensation
- Trade union regulation
- Collective bargaining and agreements
The laws and regulations that govern the employment relationships in New Zealand are based upon
- ER Act
- Bill of Rights Act 1990
- Privacy Act 1993
- Health and Safety in Employment Act 1992
- Human Rights Act 1993
How Can Skuad Help You with Hiring in New Zealand?
When you are looking to hire the best talent in New Zealand, the cumbersome recruitment process can be a bit intimidating. There are several steps in the process that require a considerable investment of time and resources on your part. But with Skuad, all your worries regarding the recruitment process are taken care of. With some of the best experts in the industry, Skuad is adept at handling all your requirements in terms of hiring the best talent. Connect with Skuad Experts to know more.