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

 


Higher and hire: bullish small firms looking for staff

Higher and hire: bullish small firms looking for staff – ANZ Business Micro Scope

Small business confidence has reached record highs in Canterbury, the wider South Island and Wellington, according to ANZ’s quarterly Business Micro Scope survey of small firms.

Nationally, sentiment fell back slightly in June from the previous quarter’s record levels, but remains well above the historical average.

Hiring intentions among small businesses nudged upwards to a new record high, auguring well for employment as the economy continues to expand.

Many business owners have now turned their attention to finding staff with the right skills to take their business forward, now cited as one of the biggest challenges for small firms.

Fred Ohlsson, ANZ’s Managing Director, Retail & Business Banking, said: “Small firms have made a clear statement that they’re still prepared to take on staff and invest amid challenges such as a high dollar. This optimism is encouraging and is testament to the wide array of forces now supporting the economy.

“Small firms account for 90 per cent of Kiwi businesses and provide jobs for nearly one in three New Zealanders. So when owners tell us they’re keen to take on more staff that’s a shot in the arm for employment nationally. Migration and training will be important in ensuring the skills are available to help them take their business forward.”

Highlights from the June 2014 ANZ Business Micro Scope survey of small firms:
[Net percentages reflect the balance of sentiment – i.e. positive minus negative responses]

Confidence among small businesses has remained at very high levels, just off the record heights recorded in the March quarter.

Hiring intentions are now at their strongest since comparable data was first collected in 1999, with a net +20% of firms planning to take on staff in the coming year.

Canterbury (up 9 points to +33%) took the biggest leap forward in confidence, making it the most confident region, alongside the rest of the South Island (up 2 points to +33%), followed by Wellington (up 1 point to +30%). These three regions hit new record highs in the June quarter.

Services (+30%) leapfrogged Construction (+27%) as the most upbeat sector, followed by Retail (+25%).

‘Lack of skilled employees’ and ‘regulation’ were jointly identified as the biggest challenges for small firms, each being cited by 17% of respondents. ‘Interest rates’ was identified as the biggest problem by just 4%.
ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Farming: Alliance Plans To Start Docking Farmer Payments

Alliance Group, New Zealand's second-largest meat cooperative, plans to start withholding some stock payments to its farmers from next week to bolster its balance sheet and force suppliers to meet their share requirements. More>>

ALSO:

Gambling: SkyCity First Half Profit Rises 30%, Helped By High Rollers

SkyCity anticipates the Auckland business will benefit from government gaming concessions which were triggered on Nov. 11 in recognition of SkyCity’s $470 million Convention Centre development. Morrison said the concessions would allow the Auckland business to lift its activity during peak period, noting it had a record revenue week over the Christmas and New Year period. More>>

ALSO:

Money For Light: Kiwi Scientists Secure Preferential Access To Synchrotron

Science and Innovation Minister Steven Joyce today announced a three-year investment of $2.8 million in the Australian Synchrotron, the largest piece of scientific infrastructure in the Southern Hemisphere, to secure preferential access for Kiwi scientists. More>>

Telco Industry Report: Investment Hits $1.7 Bln A Year

Investment in the telecommunications sector is $1.7 billion a year, proportionately one of the highest levels in the OECD, according to a report released today on the status of the New Zealand sector. More>>

ALSO:

PGPs: New Programme Sets Sights On Strong Wool

A new collaboration between The New Zealand Merino Company (NZM) and the Ministry for Primary Industries (MPI), announced today, aims to deliver premiums for New Zealand's strong wool sector... More>>

ALSO:

Restrictions Lifted: No Further Tau Flies Found

The Ministry for Primary Industries (MPI) confirms that all restrictions on the movement of fruit and vegetables in Manurewa, Auckland, due to the Tau fly, have been lifted as of 2.26pm on Sunday 7 February. More>>

Crowdfinding: Awaroa Beach To Become Public Land If Appeal Succeeds

Conservation Minister Maggie Barry says a privately-owned beach will become part of the Abel Tasman National Park if an online crowdfunding campaign to buy it succeeds... More>>

ALSO:

Meat Workers Union: Waitangi Mondayisation Flaunted By Large Employer Of Maori

At the AFFCO Talley owned meat plant in Rangiuru, the company has resorted to bullying and threats... saying they could be disciplined and their union sued for an unlawful strike if workers exercise their rights to a paid day off tomorrow. More>>

Earlier:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news