Memorandum
To
: Samantha Barrass
From
: Anna McGaffin
Date
: 6 April 2022
Subject
: Phase one international recruitment campaign approval
Purpose The purpose of this paper is to gain approval for costs and activities related to Phase one of our
international recruitment campaign.
Recommendation We recommend you:
(a)
Approve the costs and activities related to Phase one international recruitment campaign
in June.
(b)
Note the supplementary reference and background information, in support of the
international project.
Background
The FMA’s recruitment team are constantly thinking about how we wil support the business to
attract and recruit the best talent, and with an upcoming period of change and growth combined
with increasing turnover and labour market challenges, we are amongst many organisations looking
to expand our candidate pool and adopt a more proactive and targeted recruitment practice. It is
important to note that the first and foremost priority in our recruitment strategy is a focus on the
New Zealand labour market. Given constraints within that market, we are looking to supplement
our New Zealand talent, with an international recruitment campaign, largely targeted to returning
New Zealanders where possible.
International Recruitment
In a highly competitive talent market, we are looking to supplement our local recruitment efforts
with a phased international recruitment drive. This is to enable the Financial Markets Authority to
access a larger pool of suitably qualified candidates for key positions given our growing demand for
skilled talent as we prepare for potential remit change.
In the current environment we are experiencing an unprecedented amount of competition for local
talent due to the impacts of COVID19, border closures and 20,000 New Zealanders predicted to
leave for Australia (referenced by ANZ economists). It is also predicted that we will see an increase in
people leaving NZ to do their ‘overseas experience’ having put their plans on hold over the last two
years.
Does not relate to business case for
travel for UK trip
