Fiji is facing increasing challenges in its labor market, particularly regarding declining productivity. Deputy Prime Minister and Minister for Finance, Prof Biman Prasad, acknowledged this pressing issue during recent discussions on the country’s economic landscape. He pointed out that while many businesses lost a significant portion of their skilled workforce, some have successfully managed to recruit talent both domestically and internationally.
Prof Prasad emphasized the critical role that productivity plays as a driver of long-term economic growth, directly influencing national wealth and living standards. To tackle the decline in productivity, he indicated that the government intends to implement policy measures aimed at encouraging investment in new technologies and modern training institutions, as well as enhancing infrastructure.
He stated, “A robust infrastructure system, which includes efficient transport networks, reliable energy, and advanced communication systems, will act as a catalyst for improved productivity.” To further foster a business-friendly environment, the government aims to streamline regulations and reduce bureaucratic hurdles, which are often seen as barriers to efficiency.
In line with these initiatives, Prof Prasad urged businesses to prioritize employee well-being, advocating for work-life balance, stress management, and opportunities for continuous upskilling. He acknowledged that a motivated and well-supported workforce is essential for sustained economic progress.
This strategy aligns closely with previous comments made by Maritino Nemani, the permanent secretary for the Ministry of Employment, Productivity, and Work Relations, who has highlighted the importance of building strong relationships among businesses and nurturing effective leadership to stimulate economic growth. The government’s commitment to reducing compliance costs and enhancing workforce skills signals a hopeful transition towards a more productive and resilient economy in Fiji.
Through these collective efforts, there is a commitment to not only improving the productivity metrics but also ensuring that Fijians can enjoy a higher quality of life and greater economic prosperity. The proactive measures taken by the government and the call for a cooperative approach from the business community indicate a thoughtful and hopeful outlook for Fiji’s future economic landscape.
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