What’s happening in the NZ Job Market?

After a turbulent year, it looks like there may be light at the end of the tunnel coming for Job Seekers in NZ albeit we understand there are many people who are still facing the struggles of job-seeking post redundancy, particularly in the Wellington region

The New Zealand job market in 2024 is experiencing a combination of change, and challenges across various sectors.

  1. Growing Demand in Tech and Health: There’s a notable rise in demand for skills in technology sectors, especially in AI, machine learning, and cybersecurity. Additionally, health-related professions, including nursing and mental health services, continue to grow, driven by the aging population and increased healthcare needs​.
  2. Skill Gaps: Companies are facing difficulties in filling key roles in human resources, accounting, and sales management. Skills like problem-solving, creative thinking, and tech-savviness are becoming essential as industries continue to undergo digital transformation​.
  3. Remote Work and Hybrid Models: Remote and hybrid work arrangements remain popular, though some companies are gradually encouraging more in-office work to improve team dynamics. However, the ability to manage productivity and company culture in these flexible work environments remains a challenge​.
  4. Self-Employment and Gig Economy: Self-employment is also on the rise, with more people pursuing freelance opportunities or opting for gig work, which has implications for both the traditional job market and social security systems​.

Overall, the job market is showing signs of improvement but the challenge remains in adapting to evolving skills needs and ensuring the workforce is adequately prepared for these changes.

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