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

 


Are you working longer hours? You’re not alone

Are you working longer hours? You’re not alone.


33% of employers have increased overtime;
57% said overtime was unpaid.


One in three (33%) New Zealand employers report that their employees are clocking up increasing amounts of overtime, according to the 2014 Hays Salary Guide.

Out now, the Guide shows that only 6% of employers managed to reduce overtime over the last year (less than the 11% in Australia), with 61% (58% in Australia) saying that the level of overtime or extra hours being performed inside their organisation had continued but had not increased.

Of those employers who had seen levels rise, 4% said they had increased overtime by up to five hours per week. For 33% overtime had risen by five to 10 hours per week. A further 10% reported that overtime was up by more than 10 hours a week, while at year-end this figure jumped to 35%. 57% of employers (65% in Australia) said overtime was unpaid in their organisation.

“This supports an emerging trend that we’re seeing across the jobs market; the desire from employers to do more with less,” says Jason Walker, Managing Director of Hays in New Zealand.

“When we surveyed employers as part of our Hays Salary Guide, a massive 79% said they expect their levels of business activity to increase in the year ahead, and a similar number (70%) have already seen an increase in business activity.

“To cope with this increase, it seems that many are increasing the workloads of existing staff. But pressure to increase productivity without increasing headcount has the potential to cause workplace stress and employee burnout, which will cost a lot more in the long run.

“There could be a very good business case for adding permanent headcount or using a temporary staffing solution instead. We advise employers to monitor absenteeism and attrition rates so they’re aware of what overtime really costs,” he said.

To manage employee engagement during sustained periods of increased overtime, Hays has these tips for employers:
• Actively monitor the amount of overtime being performed and by which team members;
• Also monitor absenteeism and general employee wellbeing;
• Consider adding permanent headcount to increase productivity and reduce the risk of existing employees leaving;
• Or use temporary staff to relieve pressure on overtime hot spots;
• Encourage managers to use regular feedback and both paid and unpaid rewards to recognise those employees putting in the extra time;
• Monitor business activity so staff can be given time off in lieu where possible.

The Hays Salary Guide shows salary and recruiting trends for over 1,000 roles in Auckland, Christchurch and Wellington. It is based on a survey of over 433 New Zealand employers as well as placements made by Hays.

Get your copy of the 2014 Hays Salary Guide by visiting www.hays.net.nz/salary-guide,, contacting your local Hays office or downloading The Hays Salary Guide 2014 iPhone app from iTunes.

Hays, the world’s leading recruiting experts in qualified, professional and skilled people.

- Ends -

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Igniting The Spark: Bringing The Digital Enabler To Life

Changing a name is, relatively speaking, the easy part of a re-invention. Changing a culture, getting all the ducks in a row, turning yourself inside-out to become customer-inspired is a much bigger challenge. More>>

ALSO:

Ebola And NZ: Targeted Screening At Airport But Risk Low

The risk of any cases of Ebola in New Zealand remains very low, but health and border authorities are well prepared... anyone arriving in New Zealand who in the last three weeks has visited countries affected will be screened for symptoms of the disease. More>>

ALSO:

Scoop Business: Brewer Seeking Crowd-Funding Cancels Shareholders’ Dividends

Shareholders in Renaissance Brewing company, the first business to seek equity through crowd-funding in New Zealand, have cancelled their claim on $147,000 of accumulated earnings “to make Renaissance a more attractive investment opportunity.” More>>

ALSO:

It's Spark Now:
Why Telecom Wanted To Change

New Zealand led the world when Chorus demerged from Telecom. It gave us a telecommunications industry structure where the network is completely separated from the products and services it delivers. The changes brought about a new market dynamic and it dramatically changed Telecom’s role. More>>

ALSO:

Glass Half Empty: Dairy Prices Fall To Lowest Since 2012

Dairy product prices slumped to the lowest level since October 2012 in the latest GlobalDairyTrade auction, paced by whole milk powder and cheddar. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news