Bay of Plenty Business News May/June 2017

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28 BAY OF PLENTY BUSINESS NEWS May/June 2017 HR MANAGEMENT AND RECRUITMENT Employment still strong across the Bay The continuing strength of Bay of Plenty’s economy is attracting a growing pool of skilled candidates looking for work in the region, which is a positive for local employers. By all accounts, Bay of Plenty’s economy is booming. The latest figures from Statistics NZ show the region’s GDP growth rate increased 7.7 percent, topping the country in the year to March 2016, ahead of Auckland with 6 percent growth and Otago with 4.8 percent. That growth has been due mainly to strong performance across the professional and administrative services, along with agriculture, primarily kiwifruit. With job vacancies at the highest level in many years, competition for skilled workers is also heating up. Tourism is another industry where we have seen growth throughout the region, with estimates from MBIE showing a 7 percent increase in tourist spend for the year to January 2017, compared with the same period last year. Employment is continuing to grow in tandem with the economy, as it has done strongly for the past few months, although is starting to slow down a little. TradeMe data for the first three months of the year showed a 14.8 percent increase in listings on its website in Bay of Plenty, compared with 15.6 percent nationally. According to ANZ’s latest Economic Outlook report, job vacancies are the highest they’ve been since 1994. TradeMe figures also show the Western Bay had the largest job listing increase in the region of 30.3 percent, while listings in Rotorua increased by 16.1 percent. Jobs listed in Tauranga grew 14.2 percent. We have seen those increases made up of a mix of new and replacement roles, and pleasingly there seems to be growth in mid to senior level roles, along with business support roles. Tauranga’s job market, in particular – the fifth largest in the country – has seen increases in healthcare, retail, construction, manufacturing and professional services. Future growth is being predicted in horticulture, and transport and logistics. At Talent ID, we are continuing to see the pool of skilled candidates looking for work growing in Bay of Plenty – which is positive for local employers. Many candidates are looking from outside the region and of particular note over the past few months has been the increasing number of candidates relocating to the region from Australia – New Zealanders wanting to move home, as well as Australians looking to make the move across the ditch. Net migration in New Zealand saw a new record high in the year to March 31, according to Statistics NZ. Net gain from immigration rose to 71,932 in the year to March 31, up from 71,333 in the year ended February 28. In the month of March alone, the gain was 6100. Increasing migration looks set to continue, with people looking to move to, or back to, New Zealand and this is definitely a trend we are seeing in the Bay. It is a significant trend for employers in the Bay to acknowledge, meaning employers have access to a wider candidate pool of skilled and experienced people. One of the key issues raised by employers last year through the EMA was how HUMAN RESOURCES > BY KELLIE HAMLETT Director, Recruitment & HR Specialist, Talent ID Recruitment Ltd hard it has been to recruit skilled workers – 72 percent of those surveyed at the end of 2016 said they found it difficult to recruit staff in skilled positions. The number of people wanting to move from other main centres around the country, particularly Auckland, is also a trend we have seen for the past couple of years and this has not eased to date. With job vacancies at the highest level in many years, competition for skilled workers is also heating up. As always, it’s important employers are constantly considering and working on their employment brand. It’s an employee’s market at present and employers with a strong employer brand and market reputation are attracting hard to find skills and talent, even when the salary on offer may be less by comparison. Bay of Plenty’s Award winning Recruitment & Human Resource Specialists – celebrating 10 years in business Whether you are looking for a temp for a short-term project, or you are looking for that “perfect” person to join your team, or for your next career move, Talent ID has the expertise to exceed your expectations. Catherine, Ayla, Kellie, Junita and Alana. Tauranga | Rotorua | Taupo J3164A
HR MANAGEMENT AND RECRUITMENT Ways to reduce the gender pay gap When analysing New Zealand pay scales, the gap between men and women has been a cause for concern. Statistics New Zealand found that the gender pay gap was around 12 percent in 2015. Our own database of around 160,000 jobs shows similar discrepancies around gender at all levels of roles. The issue isn’t simple. There is an abundance of contributory factors such as the types of roles in which women are more inclined to work. However, according to recently reported research by Auckland University of Technology for the Department of Women, the majority reason for the gender pay gap is “unknown factors”. Bias, whether intentional or subconscious, does exist. It seems likely therefore, that investment in strategies to identify, understand and address bias will help to address the pay gap between men and women. and Deloitte. The study illuminated the increase, citing previous research from 2002 showing that 75 to 80 percent of businesses were using traditional, formalised pay structures. The concern is that in a market where the pay is biased towards a gender gap - or ethnicity gap, or any other disparity there - that we might actually be creating more issues. How can you champion the cause? A shift away from formal, objective performance measures may lead to more opportunities for subconscious bias and discrimination. However, if you can put in a good structure where people are paid according to the size of their role, regardless of what their gender is, then pay increases are applied on merit and performance and you are going to counteract those biases that do exist in the market. Strategic Pay helps businesses with formal pay structures. We run audits and help organisations identify where there may be gender issues and then provide steps and solutions to reduce and resolve gender discrepancy. For a discussion about pay structures and gender pay in your organisation, get in touch with Strategic Pay today. BAY OF PLENTY BUSINESS NEWS May/June 2017 HR MANAGEMENT AND RECRUITMENT Finding the right person for the role... BOOK YOUR SPOT IN OUR AUGUST ISSUE For more information contact the team today at info@bopbusinessnews.co.nz or 027 236 7912 29 Waving a red flag An important issue related to gender bias is that businesses have been shifting away from formal pay scales that link pay and performance towards market-based pay structures. This is extremely evident in in the US, where 64 percent of employers used market-based pay structures in 2012, according to research from WorldatWork Cathy Hendry Senior consultant Strategic Pay Tauranga + mob 027 498 9812 + cathy@strategicpay.co.nz Nigel Murphy Consultant Strategic Pay Hamilton + mob 027 403 1242 + nigel.murphy@ strategicpay.co.nz www.strategicpay.co.nz The Bay of Plenty’s very own job portal. Featuring a variety of roles from across the Bay, candidate profiles, locals’ tips on what to do and where to go, plus education and business resources. It really is better in the bay! Employers jump on board and get your job listing noticed! J2766A CREATE SUCCESS BY REWARDING PERFORMANCE Strategic Pay provides innovative solutions to organisations for their strategic remuneration, performance development and performance improvement needs. We help improve your overall performance by ensuring employee effort, remuneration and rewards are closely aligned with business objectives. Talk to us about: + Remuneration and Reward + Executive remuneration and performance advice (including incentives) + Organisational Structure and Design Contact us for your complimentary remuneration audit 100% LOCAL Strategic Pay Limited Auckland | Hamilton | Wellington | Christchurch | Dunedin | www.strategicpay.co.nz | info@strategicpay.co.nz Helping organisations succeed through the performance of people
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Bay of Plenty Business News May/June 2017

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