The Lawson Williams/NZIFST 2023 Salary Survey results present very clearly – the smaller the company the higher the % of salary increases since 2021 in New Zealand.
Larger companies have seemingly managed to mitigate the impact of salary increases more effectively.
At first glance, this might appear to be a risky approach.
It’s important to recognise that offering competitive salaries is crucial in retaining employees.
The Lawson Williams – 2023 New Zealand Industry Salary Survey
Never before in my 30 years in the employment sector have I experienced a time where employers and employees have such varied expectations around what salaries can or should be paid in New Zealand Industry.
For obvious reasons the Wellbeing of employees has been an area of increased focus for many New Zealand businesses over recent years.
This has again been very evident this week as we talk to clients who operate in the locations devastated by cyclone Gabrielle. Their focus has been first and foremost the safety and wellbeing of their staff.
Skills Shortages and the Cost of Vacancy (COV)
The reality of skills shortages is a hotly debated and politicised topic in New Zealand.
The 2022 NZ Staff Turnover and Employment Survey canvassed organisations on the impacts of current skills shortages.
In 2022, 72% of businesses reported they had positions that they were unable to fill. This was an increase from 64% in 2021.
Most locations experience a significant rise in Staff Turnover.
The increase in staff turnover in the full year of 2021 was felt across most regions and cities in New Zealand except for Auckland and Christchurch.
The Lawson Williams 2022 Staff Turnover Survey released in October 2022 reports that Wellington experienced the greatest increase of 31% from 2020 to 2021 followed closely by the Rest of the South Island at a 29% increase.
Company boards and CEO’s have become more focused on the costs of staff turnover in the last decade as business competition increases, there is a drive for cost reduction and skills are in short supply.
The New Zealand Staff Turnover Survey has been operating for 14 years and provides many New Zealand Boards of Directors an important measure of business success
Staff Turnover is a measure of a company’s recruitment, onboarding and retention capability.
If you have been active in the job market recently you will have heard about Behavioural interview questions or experienced them in a job interview. They usually start with “Tell me about a time when you…” or “Give me an example of when you…”.
Have you applied for or seen a role that you’re really interested in but not sure your CV is up to scratch or you’re lacking interview confidence?
Whether you’re just starting out, new to New Zealand, looking for your next role, being considered for an internal promotion or contemplating a career move, there’s a lot to consider and getting a job that ticks all your boxes is about looking at so much more than just the job description!
Can you remember a time when you were listening to someone speak and somehow, they engaged you? To this day you can remember most of what they said or at least the message they were trying to convey?
It’s more likely than not the person told a story, they made you feel something and that’s why you remember.
Recent blog from our NPA Worldwide partner – Barbachano International (BIP), Human Capital Solutions leader in Mexico, Latin America, and the USA
18 days. That’s how long 12 boys ages 11-16 and their 25-year-old soccer coach were trapped six miles deep in Thailand’s Tham Luang Nang Non cave system.
A recent survey of New Zealand business leaders by journalist Diane Clement asked, what was their number one interview question. Almost half of the respondent’s questions focused on change and innovation. This is no surprise with all we know about the current world of work and with what we are being told to expect.
We will all need to look at doing things differently even challenging the status quo with ideas or solutions.
The average National Staff turnover rate for 2020 was 18.5%.
This is a 6.1% decrease from 2019. For the first half of 2021 National Staff Turnover has decreased to 10.4%, a similar level in the first half of 2020.
Staff Turnover in New Zealand plateaued through 2015 to 2017. In 2018 we saw a significant increase to 20.5, the highest rate since before the GFC in 2008.