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

 

Head Hunting Concerns Business Owners

AUCKLAND, December 17, 2004

Head Hunting Concerns Business Owners

In the daily battle for a bigger slice of the consumer market, the one thing that has privately owned businesses most worried these days is that their competitors might gain the edge by snatching their employees.

Results from a new risk survey by Marsh Limited (Risk and Insurance Specialists) have highlighted that smaller businesses worry more about their staff being head-hunted by their market rivals than any other risk they face. This result suggests that in a small country like New Zealand, business success can be propelled or diminished by one company losing the experience and knowledge of key personnel.

While our smaller businesses are most concerned about their employees being poached, publicly owned companies rate their biggest worry in today’s business environment as the risk of non-compliance with legislation.

In October Marsh Limited surveyed the opinions of over 500 New Zealand companies on their attitudes and approaches to risk management. Answers from the more than 150 respondents have given us the first insights into how we compare with overseas companies.

The results show that we have an across-the-board readiness for all types of risk – operational, hazard, strategic and financial, and that New Zealand businesses are more prepared to face a range of business risks than their European counterparts.

Key facts & figures: In Europe, one in four senior executives survey risk on an ad hoc basis only By contrast New Zealand executives are regularly reviewing risk – 78% at least yearly, 58% quarterly (only one in ten would review on an ad hoc basis) 29% of New Zealand companies report to shareholders on risk management practices 10% of companies have a specifically dedicated Risk Manager Publicly owned companies are most concerned about the risk of non-compliance with legislation Privately owned companies are most concerned about losing staff to their key competitors

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO: