The Impact of Employer Accreditation on the New Zealand Economy

Learn how employer accreditation impacts the NZ economy through business growth, workforce development, economy boosting, and industry innovation.
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Last Updated On April 27, 2023
Contributors: Inder Singh. Edited By Yongtian Liu & Reviewed by Denise Renshaw.

New Zealand has been relying on migration to address labor shortages and support economic growth. To ensure that migrants are employed in a way that benefits both the economy and the migrants themselves, the government has implemented an accreditation system for employers. This system, known as the Accredited Employer Work Visa (AEWV), allows employers to hire skilled migrants from overseas. In this blog post, we will discuss the impact of employer accreditation on the New Zealand economy.

Increased Access to Skilled Migrants

Employer accreditation has provided New Zealand employers with greater access to skilled migrants. This is particularly important for industries that face labor shortages, such as healthcare, construction, and technology. Accreditation allows employers to recruit and hire workers from overseas who possess the skills and qualifications necessary for the job. This helps to address the skills gap and allows businesses to grow and expand.

Job Creation

Employer accreditation has also led to the creation of new jobs in the New Zealand economy. By allowing employers to hire skilled migrants, businesses can expand their operations and take on new projects that they may not have been able to do otherwise. This leads to the creation of new job opportunities for both migrants and New Zealanders.

Increased Productivity

The hiring of skilled migrants through the AEWV program has also led to increased productivity in the New Zealand economy. Skilled migrants bring with them a wealth of knowledge and expertise that can help businesses to become more innovative and efficient. They can introduce new technologies, techniques, and processes that can improve the productivity of the business and the wider economy.

Diversity and Cultural Enrichment

Employer accreditation has also led to an increase in diversity in the New Zealand workforce. Migrants from different countries bring with them unique perspectives, experiences, and cultural backgrounds that can enrich the workplace. This can lead to greater creativity and innovation and can help businesses to better understand and engage with a diverse customer base.

Conclusion

Employer accreditation has had a significant impact on the New Zealand economy. It has increased access to skilled migrants, led to job creation, increased productivity, and enriched the cultural diversity of the workforce. By ensuring that migrants are employed in a way that benefits both the economy and the migrants themselves, New Zealand is well-positioned to continue its economic growth and development.