Wages key to keeping staff
Three-quarters of businesses say that retaining hard-to-replace workers was deemed to be “very important” when setting wages and salaries for their employees over the past two years, according to data released by Stats NZ.
“Retaining hard-to-replace workers, competing for staff and responding to changes in business conditions were key factors for businesses when determining wages and salaries,” says Rick Ho, business performance manager.
“We asked businesses about how non-wage conditions for their employees changed over the past two years and about one-quarter of businesses indicated an increase in employees’ choice over hours of work.”
Meanwhile, more than one-in-five companies reported an increase in employees’ choice over location of work.
Of those surveyed businesses, those from the financial and insurance services industry have seen the greatest increases in the flexibility of these employment conditions.
