Come-back Kiwis need right opportunities

Continuing economic uncertainty overseas, especially in Britain and Australia, is causing New Zealanders to return home from overseas destinations in increasing numbers. At the same time, the lack of casual employment possibilities means those setting off on the traditional OE are either delaying their departure or trying to pack more into a shorter time.

Statistics New Zealand figures suggest the number of Kiwis leaving for Australia is now at its lowest level in nearly three years, as our economy continues a slow recovery and prospects in the labour-hungry building industry improve – especially in Christchurch and Auckland. In addition, returning New Zealanders from across the Tasman contributed to a net migration gain of almost 1600 migrants in April.

Reduced health and employment rights have led to many Kiwis feeling like second class citizens, according to some reports. New Zealanders moving to Australia are automatically issued with an indefinite ‘special category visa’, but are classified as temporary residents. As such, they cannot receive social welfare payments other than superannuation and severe disability benefits.

The number of Kiwis who have applied for working holiday visas to Britain has dropped by about a third since the first pangs of the global financial crisis in 2007, from more than 5,163 in 2007 to 3,615 last year.

Continuing high exchange rates are also having an impact upon investment from new immigrants, with many waiting until rates are more favourable before transferring funds from other currencies.

Meanwhile, New Zealand’s unemployment rate fell to a three-year low in the first quarter of 2013, although the employment rate is still down 0.3 percentage points over the year and well below levels seen before the 2008 and 2009 recession.

The combined effect of all these factors is that recruitment is continuing to be slow for many franchises, although conditions are easing as people gear up for recovery. Anecdotal evidence suggests that re-sales – where there is proven cash-flow – have been stronger than new franchise sales over the past year. However, franchises which have strong brands, offer immediate cash-flow or have guaranteed income or work guarantee schemes, are reportedly seeing interest increasing as people gear up for the recovery. Franchises in the home building and renovation sector are also proving popular.