“The tech skills shortage that we’re currently facing in the market is a very real problem,” said Steve Cotton, Regional Manager at tech recruitment agency Absolute IT, as he opened TIN’s recent virtual roundtable discussion, called ' Tackling the Talent Challenge'.
“The tech skills shortage that we’re currently facing in the market is a very real problem.”Steve Cotton - Regional Manager, Absolute IT“There are just not the numbers of people coming into New Zealand to sustain the skills shortage – we need to ask ourselves what we can do about it,” Steve said, setting the challenge for representatives from the 20 TIN member companies who came together to hear best practice examples and share ideas with recruitment and immigration experts who joined the discussion.
Kristy Verster, Global Immigration Advisor at EY, offered the following perspective, “It’s imperative that we manage the talent issue and look carefully at workforce planning. To do this, we’ve got to understand and navigate the immigration framework and policy, while recognising that the IT sector remains an attractive option with an annual average wage of $82,000.”
“Immigration policy will continue to be developed, but New Zealand currently has some of the tightest border restrictions globally,” Kristy said.
“There’s a huge backlog with visa applications, but Immigration New Zealand is putting steps in place to address that. They’re consulting more with industry groups and business leaders and considering the need for adjustments into border exemptions. Never before have we seen policy developed that’s specific to employers such as the policy developed to support supermarkets during lockdown – it’s a huge step forward.”
Kristy also noted that workforce planning is key, saying many of EY’s clients are setting their staff up to work remotely and taking advantage of tax legislation to support displaced workers in some countries.
“It’s a competitive market for the tech sector and it’s only going to intensify as the lack of talent intensifies.”
AR helping address the skills shortage at Howick Ltd
Auckland-based company Howick Ltd develops technological solutions for the construction industry, and CEO Nick Coubray says they’ve turned the current restrictions on global travel into an opportunity to advance their offering.
Augmented Reality (AR) technology has been used to help guide Howick’s customers through engineering support requirements and is rolling out PPE-compatible hard-hats fitted with ‘Mira’ AR technology to new customers. You can read more about it here.
Nick says the introduction of new technology has accelerated because of the opportunities presented by COVID-19 and they’ve taken on young graduates to help support it, building the team and expanding roles.
“In a downturn, people turn to technology in the construction sector. There are unique opportunities for new and existing products, and we’ve seen a massive acceleration, but that may change again. We’ve got to remain nimble and agile and adaptable.”
An increasing number of companies are using technology to recruit and upskill quickly.
“We have a once-in-a-lifetime opportunity to address the entrenched economy disparity that exists in New Zealand, and the tech sector can play a significant part in that by taking the lead in tackling the talent challenge in these ways.”Greg Shanahan - Managing Director, TIN
“We’re all having a crash course in digital,” said Geoff Lewis of the Productivity Commission. “Firms are making smart use of digital so they can ‘be there in the room’, when they can’t have face to face dealings.”
Geoff says managing a remote workforce is key at this time, and good remote working practices can help offshore workers feel more connected, while continuing to drive international sales and marketing strategies.
“We have a unique opportunity to remove the regulatory restrictions to find the talent we need,” said Greg Shanahan, Managing Director of TIN.
“Setting up an international market is a massive investment, and we’ve really have to start to rebalance the opportunities for success. COVID-19 has potentially presented us with a watershed moment – and being able to select talent offshore is an exciting proposition.”
More than half the participants in the online discussion said that the most effective solution for tackling the talent challenge was increasing the training capabilities of New Zealand’s education institutions to widen the range of training options for up-skilling workers.
“We need to move the conversation away from the immigration piece,” said Steve Cotton.
“There’s still a lot of work that needs to be done in New Zealand to help build the talent pool. We have to look at what’s being done in the STEM sector at Universities and tertiary institutions. There are 3,000 new roles in the tech sector each year and only 300 ICT graduates. That’s a significant gap."
“It’s our job to help people reskill and give them pathways into tech. There’s a tremendous opportunity to develop more talent diversity here at home.”
Participants shared the following best practice suggestions for addressing the talent challenge now:
- Upskill the existing workforce through courses, investment in automation and tech, and delegation of responsibilities
- Leverage local talent more globally by redeploying talent where it's needed
- Give local offices more responsibility for global tasks
- Focus on retaining and recruiting talent with a passion for the business
- Take a sustainable approach to workforce planning; revisit it continuously to stay on top of business demand
- Improve global collaboration enabled by technology
- Invest in home office set-up
- Invest in virtual meetings across borders to unite teams
- Continue to upskill internally
- Work to keep staff engaged with online practices
- Lobby for less restrictive immigration policies for the tech sector
- Build the local talent pool by investment in reskilling pathways, including tertiary education
- Stay on top of different border approaches globally to know where and how to best deploy talent
- Build your brand to attract talent
- Recruit through offshore entities and have talent work remotely
Our thanks to our sponsors - NZTE, EY, Absolute IT, James & Wells, BNZ, NZX – for their support of such a topical and informative event.
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