Steering ahead in 2018 amidst immigration cuts challenging for NZ SMEs says XERO

Steering ahead in 2018 amidst immigration cuts will be challenging for New Zealand Small and Medium Enterprises. This has been revealed by the research commissioned by XERO. It has elaborated that 1 out of 4 SME proprietors find it tough to fill job vacancies with skilled people. This is in comparison with a year earlier. As of now, record levels of immigration are being witnessed by New Zealand. If it is difficult to fill job roles now, then it will be woeful for businesses with immigration cuts. The government needs to very carefully handle the issue of immigration. It is essential that concerns and needs of the large and small businesses are heard before taking any steps for immigration policies. The report of XERO further elaborates that the businesses in the construction industry are the most affected. There are no signs that indicate the easing of the housing crisis. This implies that the pressure for hiring will also not decrease as the need for buildings intensifies. Immigration cuts might slightly decrease housing demands to an extent, as quoted by the Stuff Co NZ.  But reduced immigration also implies lesser workers. This is something which will be worrisome for 1 out of 4 SMEs business owners in New Zealand. Amidst all this, the rise in minimum wages in April will be another dimension in the ongoing skill shortage crisis. For many SME businesses in New Zealand, things are already tricky. Many of them have slashed their pay or at times maxed out their credit cards. All this, and more in the pursuit to ensure payment of salary to employees. These are diligent and hardworking Kiwis who intend to do right to their staff. If you are looking to Study, Work, Visit, Invest or Migrate to New Zealand, contact Y-Axis, the world’s most trusted Immigration & Visa Consultant.