The country of New Zealand will make temporary changes in immigration rules said a minister, where the country is aiming to lure over 12,000 workers in working holiday schemes to fill labour gaps as businesses scramble to find staff.
Last year, New Zealand pushed the wages up to fight inflation by the central bank which raised the interest rates last week to their highest since Sept. 2015.
“These measures are about providing immediate relief to those businesses hardest hit by the global worker shortage,” said Immigration Minister Michael Wood said in a statement
Other steps include a relaxation of wage rules for skilled migrants in sectors such as care of the age, construction and infrastructure, meat processing, seafood, and adventure tourism.
The visas of some onshore working holiday makers will also be extended by six months to retain workers now in the country said the minister.
“Workforce challenges are being seen across skill levels and sectors,” he continued. “New Zealand is not alone in this.”
Last week, the Reserve Bank of New Zealand lifted the official cash rate by 50 basis points to 3.0%, in a seventh straight hike to rein in inflation.