New Zealand has been in the throes of a critical labour shortage as lockdowns and tight regulations held up getting migrant workers into the country. “In a candidate-rich market employers have more choice.” “When it’s a candidate-poor market employees have all the power around defining terms, asking for pay levels and choosing the jobs they value. “We’re either a candidate-rich market or a candidate-poor market,” Ennor explained. Jason Ennor, the chief executive of human resources platform MyHR, says we’re emerging from a period of enormous employee power. This all points to a power balance weighted in favour of workers but there are signs that the pendulum could be swinging the other way. Covid has taught workers there was a different way to work - and they’re not ready to go back to the status quo that existed before. On top of this, we’ve also seen workers hold on to the workplace flexibility they were given during the height of the pandemic. Workers have also benefited from a tight labour market, which forced employers to cough up more cash to hold on to essential or talented staff members. News columns have been filled with stories of workers switching jobs for pay increases, as epitomised by a recruiter who earlier this year declared that ‘$90k is the new $70k’. If 2022 were to bear a moniker it would be the Year of the Employee.
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