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

 


New research benchmarks the service industry

New research benchmarks the service industry


New Zealand’s service industry sectors come under the microscope in a series of economic data reports published by ServiceIQ.

The 11 Sector Profile Reports make up a uniquely detailed analysis of the current state of our service industry and make predictions for future trends, which were used to inform a Workforce Development Plan for the service sectors.

The reports, prepared by Infometrics, use census and other data to measure the employment numbers, economic contribution, and future prospects for each service sector. While the data is compatible with other industry data, the series also makes some detailed analysis that has not been done before.
The eleven sectors covered are: Accommodation; Aviation; Cafes, bars & restaurants; Clubs; Food Services; Museums; Quick service restaurants; Retail; Tourism; Travel; Wholesaling.

Each Sector Profile Report is available as a downloadable PDF from the KnowledgeIQ library at www.serviceiq.org.nz.

ServiceIQ Chief Executive Dean Minchington says the scale of the research project is a first for ServiceIQ. “It’s a considerable body of work and sets a valuable benchmark of the services industry and its place in the economy”.

While the main audience for the research data is the service industry, its employers and providers, the information would also prove useful to Government, Councils, researchers and academics, Minchington said.

“The project’s goal was to produce a robust, up to date, and comprehensive understanding of the 11 sectors we work with. It focuses on the people and businesses currently in the sector and includes an outlook of what the future might hold for each sector.”

“Our service industry sectors employ 563,000 people and contribute $36 billion dollars to the economy every year, and have above-average growth. The service industry is also a relatively young one, with nearly a quarter of workers aged between 15 and 24.”

ServiceIQ has also launched its first Annual Report, which is also available at www.serviceiq.org.nz in the About Us section.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Maritime: Navigation Safety Review Raises Big Issues For The Govt

Shipping Federation: "The reports makes it clear that the ratification of the Maritime Labour convention (MLC) is long overdue. Only when the MLC is ratified will Maritime NZ be able to inspect and enforce the labour conditions on international ships visiting our ports." More>>

ALSO:

100 Years After Einstein Prediction: Gravitational Waves Found

For the first time, scientists have observed ripples in the fabric of spacetime called gravitational waves, arriving at the earth from a cataclysmic event in the distant universe. This confirms a major prediction of Albert Einstein’s 1915 general theory of relativity and opens an unprecedented new window onto the cosmos. More>>

ALSO:

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:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news