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

 

A Whole New World: How Kiwi SMEs Are Changing The Way They Work

2degrees’ latest business study shows more than half of Kiwi small businesses have changed their approach to work since April lockdown

· More than half of Kiwi SMEs (58%) have introduced new ways of working since lockdown in April.

· Businesses with employees were more likely to change their working approaches (66%), than sole traders (56%).

· Two out of three SME decision-makers (67%) are now comfortable with employees working from home following the April lockdown – a nine percent increase from pre-lockdown.

 New research has revealed New Zealand’s small business owners and decision-makers are taking a new approach to work. This comes as Kiwis navigate their way through an unpredictable year, which has seen the country move in and out of lockdown in the fight against Covid-19.

The 2degrees Shaping Business Study, which surveyed more than 1,000 small and medium-sized business owners and decision-makers, found that more than half (58%) have changed their approach to work since the Covid-19 pandemic reached our shores.

The lockdown earlier in the year thrust many small businesses into an unknown territory, however the new research shows that, second time round, businesses were much better prepared for the switch to Levels 3 and 2.

Of those that have changed their approach to work, businesses with employees were more likely to do so (66%), than sole traders (56%). What’s more younger businesses were more receptive to change than those who have been trading for longer. The research showed 71% of businesses that are less than five years old changed their ways of working compared to 46% of those that have been around for six years or more.

This year has seen one of the biggest changes to the way we work since the Industrial Revolution. With this, has come a significant shift to a more mobile workforce, which wouldn’t have been possible without advances in technology, including innovations in mobile and broadband.

Andrew Fairgray, Chief Business Officer at 2degrees, says business owners and decision-makers have done a great job in establishing what works best for them and their people, while grappling with the challenges of the current circumstances.

“For some, working from home permanently is a better option, others are offering their employees more mobility around working hours or rotational days to work from home – either way it gives Kiwis reassurance and greater confidence in knowing they can work from home when necessary.

“Part of that comes down to having the right tools to do so, like reliable mobile and broadband connections. I think if lockdown showed us anything, it was that businesses are better equipped for mobile working than they may have thought,” says Fairgray.

“Before Level 3 hit us again, the 2degrees team had been working from home much more frequently than before the pandemic arrived. We know it works, we know our employees are getting the job done and most enjoy the flexibility. It not only makes sense to encourage and support them, but it’s the fair thing to do. We know that many of our business customers are doing the same.”

It’s not just the way we work that’s changed. The study found a shift in attitude, with a rise in the number of small business owners who were more comfortable with their employees working from home post-lockdown, jumping nine percent to 67 per cent.

Zahn Trotter, owner of NZ Venues, was one of the small business decision-makers who agreed their level of confidence with staff working from home had increased since the April lockdown.


“Prior to lockdown, working remotely wasn’t the norm and so it took some time to see whether the team could all work from home effectively.

“The first question was: does my team feel supported when working remotely? Which was followed by: do we have tools in place to successfully communicate and collaborate? With these questions answered favourably, I’m now really comfortable moving forward with a predominantly remote team.”

Having the right tools and equipment in place are essential to ensuring businesses can function as they would in the office. The study found that home broadband (34%) and mobile phones (27%) were the two forms of technology that SME decision-makers couldn’t live without during lockdown – this compared to the need for a laptop/desktop, television, and headphones.

During the week that Level 4 lockdown was announced in March, 2degrees recorded a dramatic shift in the use of mobile data and broadband from business districts to the suburbs.

“Many people wondered how the network would cope with this change in usage. Given the investment we’ve made to our network, we were confident about the service from 2degrees, but it’s gratifying to see from the survey that many of our customers felt the same (68%), as well as 70% who said it performed well all or most of the time,” Fairgray adds.

“Now we know that the majority of businesses – large or small – have the capability to work from home. Understanding what tools are needed to do so successfully is often the first piece of the puzzle. Once that’s been determined it makes the change a much smoother process.

“Globally, we’re seeing a monumental shift in the way we work, and so preparedness is key to ensure businesses don’t fall short or get left behind.”

2degrees hopes the findings from the Shaping Business Study will provide helpful insights into how Kiwi businesses are adapting to the new working environment and inform others about how they can prepare their businesses for the future.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>

Commerce Commission: Cartel Conduct Now Punishable By Up To 7 Years’ Jail Time

Cartel conduct can now be punished with a term of imprisonment of up to 7 years, after the Commerce (Criminalisation of Cartels) Amendment Act 2019 came into effect today. Cartel conduct includes price fixing, market allocation and bid rigging (see ... More>>

Stats NZ: Auckland Population May Hit 2 Million In Early 2030s

Auckland’s population may rise from about 1.7 million currently to 2 million by early next decade, Stats NZ said today. “Auckland will likely have the highest average annual growth of New Zealand’s 16 regions over the next 30 years, from ... More>>

Air New Zealand: Business Travellers Return To The Skies In Record Numbers

After a year of talking to a computer, Kiwis are leaving the office to re-connect with their clients, suppliers, and staff. New figures released by Air New Zealand show domestic business and corporate travel has defied global trends by returning ... More>>

PwC: Outcome Of Review Into Air New Zealand Gas Turbines Business

Air New Zealand has received the report into its Gas Turbines business from independent external advisers PwC. Air New Zealand Chairman Dame Therese Walsh says the report identified a range of effective controls in the Gas Turbines revenue contracting ... More>>

LPG Association: Renewable LPG Achieves Emissions Budgets With No Need To Ban New LPG Connections

Renewable LPG can supply New Zealand’s LPG needs and achieve the emissions reductions proposed by the Climate Commission without the need to ban new connections, a new study shows. The investigation, by leading consultancy Worley, was prepared for the ... More>>

Commerce: House Values Continue To Climb As New Government Measures Announced

The Government’s new initiatives to quell the rocketing housing market were announced last week, just as house prices hit a new high for the end of March. The average value increased 7.8% nationally over the past three-month period, up from the 6.8% ... More>>