It’s all about the people!
From: August issue NZ Manufacturer www.nzmanufacturer.co.nz Ian Walsh, Partner, Argon & Co Last month, I wrote an article on productivity (Productivity – The Only Game in Town) and I received a few questions and comments relating to the skills gaps we have in New Zealand. I’d really encourage you to read that article if you haven’t yet, and I can hopefully address those questions and comments here. https://nzmanufacturer.co.nz/2024/07/productivity-is-the-only-game-in-town/ As I noted in my last article, a skilled workforce is vital for productivity growth. If we want to have a great place to live, bring up families and enjoy the best economy that both New Zealand can offer, then we must have great people with the right skills leading our businesses, creating value and growth. Of course I’m not the only person who knows this; I’m regularly asked by hiring managers whether I know of a good candidate to join their company. Sometimes I can help, but more often than not, I simply don’t know enough people to fill all the vacancies in these companies. Recent macroeconomic analysis is showing clearly that differences in education and skills explain much of the international differences in long-term growth rates. Improvements in skills at all levels of ability seem to matter. Increases in both the proportion of top achievers and the proportion with at least a minimal level of literacy and numeracy are correlated with higher economic growth rates. However, the current approach in industry seems to be to promote the best operator to foreperson, team leader etc. and assume they will know what to do and how to do it. The other approach is to hire someone, under the assumption that the market is teeming with highly capable and skilled individuals. Little-to-no training and development is offered by most employers, and we have […]