65% of Business Leaders Are Happy with Government Action
65% of Business Leaders Are Satisfied with the Way the Current Government Supports Business Growth
10 August 2017 - Most New Zealand business leaders are happy with government action, but uncertainty over global issues remains as the Election draws nearer.
According to the recently released Beyond Recruitment Economic & Labour Report (a survey of business leaders across large and small, private and public sector organisations) 65% of business leaders were happy with the way the current National-led government is supporting business growth. Survey results also indicated some concern around our international relationships and the rise of isolationist policies in other western countries.
Responses revealed how dissatisfied business leaders are with the level of talent that is available to them in the market. 48% of respondents stated that a lack of available talent was their biggest barrier to ongoing business success. 56% of respondents stated that they were not satisfied with the quality and suitability of talent entering the marketplace locally, while just 27% stated that the new skilled migrant policy changes were going to work for their business.
All of this indicates that, with the way the talent market currently stands, New Zealand businesses are not able to access the right people for their needs.
“It’s interesting, because wider labour market trends have been very positive,” commented Beyond Recruitment Chief Executive, Liza Viz.
“However, with jobs growth being constant and wages not catching up, businesses have found it increasingly difficult to attract the right people and labour shortages have worsened.
“While there are some risks on the horizon, this is the perfect time for businesses to be proactive and deliberate about talent management.
“Examine your retention strategy, and see how you can make the most of under-utilised segments of the market, like older generations and parents – who desire flexible working arrangements.
“Technology opens up new ways to work, and taking advantage of that is going to be critical for businesses who want to continue to attract the best talent.”
This is the first time the Beyond Recruitment Economic & Labour Report has been produced in an Election year, as well as the first time we have surveyed business leaders as part of the report.
“Last year we examined how the new property economy is changing the way we live and work,” said Viz, “Many of those trends have continued into 2017.”
“With so much global change and upheaval over the last year adding to an already uncertain business environment, it’s only natural for New Zealanders to have some trepidation about where we fit in.
“Considering the political situation we currently find ourselves in, the report sheds light on some very interesting data, and gives an insight into where business leaders stand.”