The updated Kea Future Aspirations survey of offshore and recently returned community members shows that a significant number of our offshore Kiwi still hope to return to New Zealand, despite growing post-covid momentum in key markets.
This is a press release by Kea. For further information on this report and more findings, head to the Kea website.
The report builds upon the Kea Welcome Home Survey data published in November last year that showed a significant number of offshore Kiwi in regions including the UK, Australia, US and Canada had intended to return within the next two years. It was hoped this return of exploring Kiwi might bring home the skills and experience we desperately need to plug talent shortages and boost our nation’s productivity.
Almost nine months on, despite personal and professional obstacles, return intentions remain high - albeit somewhat delayed from earlier expectations. And, of Kiwi remaining offshore, the desire to support New Zealand from afar has never been stronger.
“We are still amidst an amazing opportunity to benefit from the skills, experience and capital of returning and offshore Kiwi, but frankly, we need to do more as a nation to engage them,” says Kea CEO, Toni Truslove.
“With many of our favoured nations for expats starting to move out of Covid-19 related lockdowns and personal restrictions, there is growing urgency to make the most of this enormous injection of human capital,” she said.
Ganesh Nana, Chair of the New Zealand Productivity Commission Te Kōmihana Whai Hua o Aotearoa agrees, adding: “Internationally experienced Kiwi contribute to Aotearoa through distinctive skills, knowledge, and connections that can help lift innovation and the governance of our businesses and industries.
“We should look to capitalise on the strengths of returning and offshore Kiwis to deliver the productivity lift and improvements to the wellbeing of all New Zealanders,” Nana said.
Key findings of the Kea Future Aspirations survey show that:
31% of respondents intend to return to New Zealand, 25% of those within two years.
11% of respondents are waiting until there is no managed-isolation required before they will return.
69% of those planning to return are doing so permanently.
15% of those who have already returned to NZ are considering moving offshore again when borders reopen.
45% of Kiwi remaining offshore express strong willingness to leverage offshore experience for the benefit of New Zealand.
Kea member and Kea World Class New Zealand alumni Rob Fyfe CNZM also welcomes the report, saying that the frustration of returnees at the difficulty posed by a closed border and managed isolation system, is a key message coming through loud and clear.
“New Zealand is currently experiencing acute skilled labour shortages across a number of industries and roles. As this survey demonstrates, there is a long queue of highly skilled, experienced and motivated Kiwi expats keen to return to Aotearoa, as soon as the current border and MIQ requirements can be safely reduced. This expat talent pool will be immensely valuable to New Zealand’s Covid recovery, we should be doing everything possible to maximise this opportunity," Fyfe said.
For Kiwi looking to return, the report indicates we are not fully utilising the opportunity in front of us, with a distinct mismatch between what Kiwi employers are seeking and the skills and experience returnees are offering. While 46% of businesses indicate international experience is highly desired and a plus, only 38% of returnees expect local businesses to fully understand and value their overseas experience.
And while local employers suggest that returnee wage expectations are too high, returnees say they’ve already discounted themselves to meet the market.
In fact, 52% of returnees indicate they expect to earn less in New Zealand than they did offshore.
Yet, of those who have returned, or that remain offshore, a very high proportion still hope to ‘give back’ to our nation, with 45% expressing strong willingness to leverage offshore experience for the benefit of New Zealand.
Professor Sir Peter Gluckman was one who applauded the findings of the Kea Welcome Home survey in November and spoke of the huge economic and cultural potential of these returnees. Now, he’s saying that we need to move fast to welcome our expats home or the opportunity may be missed.
“The window of opportunity for New Zealand to attract talent is evaporating as the developed world becomes vaccinated.
“Other countries, like Singapore, have moved swiftly, turning Covid-19 into opportunities to their advantage. Start-up and scale-up are very different, and scale-up requires globally orientated expertise we are short in – we need to work with these returning Kiwis or risk being left behind,” Gluckman said.
Returnees are only half the story. The Kea report shows that of the 59% of Kiwi choosing to remain offshore, half of these are wanting to contribute to New Zealand in some meaningful way - with 18% of these interested in board and advisory positions. This understanding of international business, the latest in technology, business processes, and trading in foreign markets all serves to give New Zealand organisations a real head start - if utilised!
Truslove says that the report reflects an enormous opportunity for New Zealand.
“The talent, creativity and experience of our offshore Kiwi is outstanding and would be transformational for our economy providing they can be effectively engaged,” Truslove says.
“Their experience overseas means they can bring new perspectives and insights to our businesses, giving us the ability to continue to innovate and produce world-class products and services. It is up to the employers, trustees and entrepreneurs to engage with these exploring Kiwi, to make them welcome and to recognise the potential they present.
“New Zealand won international respect for its pandemic response, but now we need to make the most of this ‘once in a generation’ opportunity, and act now!” she said.
For information on how capability building programmes, workshops and advisory can help your business, click here.
For more business ownership and leadership advice, check out more of our blogs.
Icehouse Alumni? For more Icehouse content head to Icehouse Central and register now. Follow this link.