Can we grow our future leaders?
Ian Walsh, Managing Director, Intent Group New Zealand’s fall from grace in the OECD rankings over the past 50 years, and our poor productivity overall, is underpinned by factors such as our geographic location and lack of investment in research and development. The primary reasons though, are our poor performance and second level leadership, with studies exposing our lag in this regard. Kiwis work in a unique commercial situation in that 90% of our businesses are SME’s, typically with less than 50 people employed. In this environment, the ability of businesses to invest in talent development, provide mentoring and to create a culture of excellence, is limited. Many business owners and managers need training themselves to develop their skills in finance, business planning and suchlike. In an environment where they are building a business, developing new products or services, employing people, managing finances and capital plans, there is limited ability and understanding to grow the human capital as well. It’s a day to day struggle just to remain afloat, and even more so since Covid-19 hit our shores. In such an environment, every hire is a big decision. It is a serious commitment. So, when confronted with graduates, businesses are naturally uncertain, recognising that it will be some time before their investment pays off and aware that the employee may soon head off on an OE. All of these considerations make it tough for graduates to get jobs, and create problems for the entire system, with people rightly questioning the value of a university degree. Many large companies have stated publicly that a degree is not required for a great number of roles. The reality is that if you can demonstrate you can do the job without the degree, then your experience becomes more valuable than the piece of paper […]