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


Offering staff a work-life balance the key to retention

Offering staff a work-life balance the key to retention

Research finds Kiwis consider more than money when choosing a job

26 May, 2015: Companies looking to entice new talent by placing another zero at the end of their salary offer may have to re-think their strategy. work-life balance is the main consideration for Kiwis when deciding whether to stick with their current job, according to New Zealand’s most significant employment survey.

More than 53% of New Zealanders surveyed for the annual Randstad Award employer branding research said that having a good work-life balance would be the most important factor to make them stay with their current employer, with flexible working arrangements rated second.

The importance of work-life balance when choosing a potential employer also appears to be increasingly influential for New Zealanders, with 50% saying it was in their top five most important criteria, compared to just 39% in 2014.

Country Manager of Randstad New Zealand, Brien Keegan, says he’s not surprised by the findings.

“We are increasingly finding employees are placing a higher importance on qualitative factors, such as work-life balance, working atmosphere and company culture when choosing an employer.

“Whilst traditional factors such as salary and employee benefits remain important, Kiwis are looking for a job that can provide them with a full spectrum of benefits. Put simply, this research shows as far as New Zealanders are concerned, there is more to a job than money.”

Keegan says the need for employers to provide employees with the kind of working environment they desire is even more important when they consider that 20% of the 7,975 working aged New Zealanders polled say they would change their employers in the next 12 months.

“This survey is a timely reminder to employers about the importance of providing staff with a range of benefits and incentives.

“A company’s most important asset is their staff and insights provided by the Randstad Award employer branding research enable employers to understand what their current and potential staff are seeking in a job. In New Zealand’s tight labour market the ability to attract, inspire and retain a team of talented and skilled individuals will give a company a competitive edge.”

The survey, which polled potential employees aged between 18 and 65 years, found that a lack of career growth opportunities was the most important factor Kiwis take in to consideration when deciding to change employers, followed by not feeling interested in their job and low compensation.

Five years since the first Randstad employer survey was undertaken, the most important criteria for New Zealanders when choosing an employer continues to be salary and employee benefits, according to 21% of respondents. This was followed by pleasant working atmosphere (10%), good work-life balance (10%), long-term job security (12%) and interesting job content (11%).

The search for New Zealand’s most attractive employer in 2015
The Randstad Award, reveals the most attractive commercial and government employers in New Zealand.

The Award is totally unique in this market as it’s based on public perception – 7,975 New Zealanders of working age. Organisations are unable to nominate themselves or determine categories or criteria for entry as it’s based on the largest 150 employers in New Zealand, by employee size.

First launched in Belgium in 2000, the Randstad Awards will be hosted in 23 countries around the world including, Australia, New Zealand, Canada, France, Spain and the Netherlands capturing the perceptions of 225,000 potential job seekers.

The top five most attractive factors for New Zealand job seekers in 2015 are:

RankMost important factor2015 (%)
1.Salary & employee benefits21
2.Long-term job security 12
3.Interesting job content 11
4.Pleasant working atmosphere10
5.Good work-life balance10


© Scoop Media

Business Headlines | Sci-Tech Headlines


Statistics New Zealand: COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy

Gross domestic product (GDP) fell by 12.2 percent in the June 2020 quarter, the largest quarterly fall recorded since the current series began in 1987, as the COVID-19 restrictions in place through the quarter impacted economic activity, Stats NZ said ... More>>


Climate: Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate

A group of scientists and experts produced the first comprehensive global-scale analysis of terrestrial areas essential for biodiversity and climate resilience, totaling 50.4% of the Earth's land. The report was published in Science Advances ... More>>


MPI: Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea

The Ministry for Primary Industries (MPI) has launched an independent review of the assurances it receives for the safe transport of livestock by sea. MPI Director-General Ray Smith says Mike Heron QC has been appointed to lead the review, which is expected ... More>>


Computers: New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand

COVID-19 had large impacts on demand for PCs as businesses prepared for lockdowns by purchasing notebooks to mobilise their workforce. In the second quarter of 2020, New Zealand's Traditional PC market experienced a 39.7% year-on-year (YoY) growth ... More>>


Mediaworks: Reaches Agreement To Sell TV Operations To Discovery, Inc.

New Zealand’s largest independent commercial broadcaster MediaWorks and the global leader of real-life entertainment Discovery Inc. (“Discovery”) are pleased to announce they have reached a binding agreement regarding the sale of MediaWorks’ ... More>>


Ministry of Health: Public Transport Distancing Requirements Relaxed

Physical distancing requirements on public transport have been reviewed by the Ministry of Health to determine whether they are still required at Alert Level 2 (or below). The Ministry’s assessment is that mandatory face covering and individuals tracking ... More>>


NZHIA: New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs

A new report says a fully enabled hemp industry could generate $2 billion in income for New Zealand by 2030, while also creating thousands of new jobs. Written by industry strategist Dr Nick Marsh, the report has prompted calls from the New Zealand Hemp ... More>>


Stats NZ: One In 14 Employed People Report High Risk Of Losing Jobs

About one in 14 workers say they expect to lose their job or business by mid-2021, Stats NZ said today. A survey of employed people in the June 2020 quarter showed 7 percent felt there was a high or almost certain chance of losing their job or business ... More>>

ASB Quarterly Economic Forecast: NZ Economy Doing Better Than Expected, But Challenges Remain

August lockdown estimated to have shaved 8% off NZ’s weekly GDP, and 0.5% off annual GDP Economy now expected to shrink 5% (year-on-year) by end of 2020 Unemployment rate now expected to peak at 7.2% The latest ASB Quarterly Economic Forecast is less ... More>>


SAFE: Live Export Ship Carrying 5,800 New Zealand Cows Goes Missing In East China Sea

Livestock carrier Gulf Livestock 1 sent a distress signal at 4:45am NZT yesterday in the East China Sea. The area is affected by Typhoon Maysak. At 4pm a patrol plane spotted a lifeboat - with no people in it - and a man in lifejacket nearby. The ship ... More>>


FMA: Kiwisaver Fees Don't Match Performance

The Financial Markets Authority (FMA) today published an independent report into the passive and active investment management styles [i] used by KiwiSaver providers. The FMA commissioned MyFiduciary to test the extent that KiwiSaver providers were ... More>>