Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Small Bizs Don¡¦t Have Written Employment Contracts

23 August 2004

Media Release

Most Small Businesses Don¡¦t Have Written Employment Contracts

Nearly 30% of all businesses don¡¦t have written employment contracts for staff, but for SMEs the number rises to 65%.

This emerged among key findings of more than 350 responses to an Auckland Chamber of Commerce survey on a number of issues.

One of the questions asked businesses to say whether they had written employment contracts in place for all staff.

The survey found that 70% of all businesses who responded had written employment contracts. However, a breakdown on the basis of firm size revealed that of the 30% of businesses without contracts the smaller the firm the less likely it is to have written employment contracts:
„h 65% of firms employing between 1-5 staff are without written contracts.

Reasons given for not having a written contract included:
- Staff were all part-time;
- Use only subcontractors;
- Staff are partner (¡§wife¡¨ in another example) and personal friends;
- Employees are also shareholders
- Works fine without written contracts;
- ¡§We have experienced no difficulties in this area¡¨;
- We act in good faith;
- Still getting around to it.

Commenting, Chamber CEO Michael Barnett said the survey had been undertaken to provide feedback to Government on a key employment contracts issue.

¡§Clearly there is a difference of attitude about the need for employment contracts between SMEs and larger businesses. It suggests business groups and Government¡¦s education programmes on the advisability of employment contracts need to be differentiated between small and bigger businesses.¡¨

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news