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

 

Almost half of Kiwi businesses restructuring

Almost half of Kiwi businesses restructuring to keep up with changing business needs


45% of New Zealand employers are currently restructuring their department or organisation to keep up with changing business needs.

That’s according to the 2019/20 Hays Salary Guide, which surveyed almost 900 employers in New Zealand.

According to the findings, 49% of these employers said the key driver of organisational restructures is a change in the required skill sets. This is well ahead of digital transformation (25%), the requirement for a more flexible workforce (21%), a merger or acquisition (19%), downsizing (10%), outsourcing (6%), offshoring (5%) or inshoring (4%).

“Restructures driven by a change in the required skill set are often the result of today’s growing trend of adopting cross functional operating models,” says Adam Shapley, Managing Director of Hays in New Zealand. “Traditionally, an organisation consisted of functional departments, but given today’s pace of change, there’s a need to move toward matrix, cross-functional or hybrid structures to better enable collaboration and a customer-focused approach.

“Customer centricity is a key focus and area of differentiation for most businesses, particularly in terms of how an organisation is most effectively and efficiently structured to deliver value to a customer.

“There’s a real focus on securing candidates who understand the customer journey and with competencies in agile methodology and business projects and change.”

According to Hays, other factors include rapid technological developments, such as AI and automation, which create a need for new capabilities, the requirement for additional expertise in response to outside factors, such as cybersecurity or risk & compliance, and the introduction of new and non-traditional executive roles.

“These restructures are a clear indication that the supply of professionals with the skills that employers need is tightening,” says Adam.

“With candidate shortages remaining problematic for organisations, hiring in for specific skills – both technical and soft – will therefore be a priority for change, growth and competitive advantage.”

The FY 2019/20 Hays Salary Guide is based on a survey of close to 900 employers in New Zealand, representing over 259,000 employees, in addition to a survey of over 250 New Zealanders.

Get your copy of the Hays Salary Guide by visiting www.hays.net.nz/salary-guide or contacting your local Hays office.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Fuels Rushing In: Govt "Ready To Act" On Petrol Market Report

The Government will now take the Commerce Commission’s recommendations to Cabinet...
• A more transparent wholesale pricing regime • Greater contractual freedoms and fairer terms • Introducing an enforceable industry code of conduct • Improve transparency of premium grade fuel pricing... More>>

ALSO:

Reserve Bank Capital Review Decision: Increased Bank Capital Requirements

Governor Adrian Orr said the decisions to increase capital requirements are about making the banking system safer for all New Zealanders, and will ensure bank owners have a meaningful stake in their businesses. More>>

ALSO:

Aerospace: Christchurch Plan To Be NZ's Testbed

Christchurch aims to be at the centre of New Zealand’s burgeoning aerospace sector by 2025, according to the city’s aerospace strategic plan. More>>

ALSO:

EPA: Spill Sees Abatement Notice Served For Tamarind Taranaki

The notice was issued after a “sheen” on the sea surface was reported to regulators on Thursday 21 November, approximately 400 metres from the FPSO Umuroa. A survey commissioned by Tamarind has subsequently detected damage to the flowline connecting the Umuroa to the Tui 2H well. More>>

Taskforce Report: Changes Recommended For Winter Grazing

A Taskforce has made 11 recommendations to improve animal welfare in intensive winter grazing farm systems, the Minister of Agriculture Damien O’Connor confirmed today. More>>

ALSO: