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

 

Better People Practices Needed

Better People Practices Needed to Increase NZ Global Competitiveness Ranking


8 September 2014

Once again New Zealand has risen in the annual World Economic Forum Global Competitiveness Index, moving up one place to 17th globally, our best position to date.

However, there are areas in which we can improve. New Zealand has real issues around productivity, retaining people talent, and how we recruit and let people go from our organisations. This is reflected in the findings of the Global Competitiveness Index where we come in at 52nd place in our capacity to retain talent and 58th place in our hiring and firing practices.

Chris Till, Chief Executive of the Human Resources Institute of New Zealand says, “post war baby boomers are retiring in increasing numbers and people shortages are already resulting from that. Combine this with the need for talented workers, in the right skills areas who can also innovate and you to start to see the dilemma the country faces. New Zealand people leadership also does not feature well - we sit low in the third ranked group - with Portugal, Greece and India, and this negatively affects productivity.

This is where the profession of Human Resources can make a real difference for NZ Inc. By helping businesses and organisations to see that a move to a much more modern, collaborative, inclusive and innovative leadership style, away from old school command and control, is the way for us to climb still higher. There is no reason why our nation cannot be top ten once more - and we need to lead and manage our way there through up to date people practices. Businesses need to start listening to the voice of their good HR people.

This can be supported by an increasingly mature, progressive and influential NZ HR profession, as represented by the Human Resources Institute of New Zealand."

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Government: David McLean Appointed As KiwiRail Chair

David McLean has been appointed as Chair of KiwiRail Holdings Ltd, the Minister for State Owned Enterprises Dr David Clark and Minister of Finance Grant Robertson announced today... More>>


Dairy NZ: ‘More Milk From Fewer Cows’ Trend Continues In A Record Year
Vodafone says it has 10,000 customers using its Wi-Fi Calling service. It took less than three months to reach that milestone; the service began operating in September... More>>

Statistics: Consents Remain At Record Levels
There were 47,715 new homes consented in the year ended October 2021, up 26 percent compared with the year ended October 2020, Stats NZ said today. "The year ended October 2021 marks another record for the annual number of new homes consented,” construction statistics manager Michael Heslop said... More>>



Fonterra: Lifts Forecast Farmgate Milk Price Range And Revises Earnings Guidance At First Quarter Update

Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range, reported a solid start to the 2022 financial year and revised its earnings guidance... More>>


Canterbury Museum: New Research - Bald Haast's Eagle Feasted On Moa Guts

New Zealand’s extinct Haast’s Eagle (Hieraaetus moorei), the largest known eagle, gulped down viscera like a vulture and may even have been bald, new research suggests... More>>

ABC Business Sales: Demand High For Covid-proof Businesses
Despite the continuing challenges facing businesses in this Covid environment, right now there are more buyers looking for a small-medium sized business than there are sellers in the market... More>>


PriceSpy: Producer Prices Increase
New Black Friday and Covid-19 Report* released by PriceSpy says people’s fear of stepping inside physical shops during big sales events like Black Friday has risen since last year; Kiwis are still planning to shop, but more than ever will do it online this year... More>>