April 2023 - Bay of Plenty Business News

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14 BAY OF PLENTY BUSINESS NEWS April 2023 NEW APPOINTMENTS BBN’S GUIDE TO NEW PEOPLE AND NEW ROLES ACROSS BUSINESS IN THE BAY To feature in New Appointments email us at new.appointments@bopbusinessnews.co.nz New appointments bode well for the Bay The local community can be encouraged by the announcement of a number of new appointments this month, from the legal profession to business support, the arts and civic project stewardship. Key appointments set civic precinct up for future success Three key appointments relating to Tauranga’s civic precinct have been confirmed, helping to set the once-in-a-generation development up for future success. Montie Baskett Montie Baskett recently joined Holland Beckett Law as a consultant in the Corporate & Finance team. Montie has more than 20 years of experience in construction contracts, energy, infrastructure and property development projects, investment structuring, joint ventures and outsourcing, capital raising and corporate governance. Prior to joining Holland Beckett Law, Montie held senior in-house legal and risk management roles in the electricity, construction and property development industries. Earlier in his career Montie held senior positions in Buddle Findlay and Russell McVeagh in Auckland. Joel Murphy Joel joined Holland Beckett in 2019 after returning from the United Kingdom, working as an in-house counsel for one of the world’s largest large scale solar developers. He has 12 years of legal experience and, prior to his experience in the United Kingdom, he worked at Meredith Connell in Auckland. Joel advises clients on all aspects of property, including acquisitions and disposals, leasing, developments, financing and subdivisions. He has particular expertise in solar farms, kiwifruit orchards and residential developments. Joel is an advocate for the growth of the Bay of Plenty and is a committee member of the Central Regional Committee for Property Council New Zealand. Sonya Korohina The Tauranga Art Gallery Trust (TAGT) is delighted to announce the appointment of Sonya Korohina (Ngāti Porou / Pākēha) as the new Director of the Tauranga Art Gallery (TAG). Sonya has held roles at leading arts institutions Artspace Aotearoa, Auckland Art Gallery, Elam School of Fine Arts, and Toi Ohomai where she developed the Creative Entrepreneur Programme in the Bachelor of Creative Industries. Sonya grew up in Tauranga Moana and returned to the city with her family a decade ago. She is delighted to be taking the helm of such a vital civic organisation at such a pivotal time for the city and the wider Bay of Plenty. NEW PARTNERS APPOINTED TO HOLLAND BECKETT Jeremy Sparrow In 2012, Jeremy joined Holland Beckett as a graduate and is the first law clerk to partner. Jeremy started in the wider litigation department, where he acted on some of the firms major cases including businesses affected by the Rena sinking. Jeremy then spent two years working as a lawyer in London. Upon his return to the Bay of Plenty, Jeremy has developed into a specialist employment lawyer. Jeremy has grown a substantial employment practice and continues to be sought after by clients for his effective and practical advice: this is from some of the firm’s biggest clients to the smallest. Toni Stanaway EMA is thrilled to have Toni join their team of HR/ER experts as HR business consultant. She brings a wealth of knowledge and skills with over 20 years HR and senior leadership experience working across sectors and industries, both here in NZ and abroad. Toni is known for being highly creative, intuitive, and strategic. She enjoys helping businesses navigate their biggest challenges; and building high performing teams. Toni has a track record in developing performance driven solutions that are practical, scalable, innovative and people centred. No matter the size or nature of your business (or need), Toni will help you succeed. Tim Conder Tim Conder was a Judges’ clerk at the Auckland High Court before joining Holland Beckett Law in 2016. During his time with the firm, Tim has driven the creation of a specialist public and local government team within the firm, that serves both local government and private clients. He has particular experience defending regulatory charges – including environmental, health and safety, animal welfare and export related offences. Tim is an experienced Courtroom advocate, who has appeared in civil cases, appeals and on both sides of criminal prosecutions in the District Court, High Court and Court of Appeal. From 31 March 2023, local resident and experienced director Kim Wallace will take on the position of Board Chair, while the similarly-experienced Barry Bragg will join the CCO as a Board Director. These decisions follow last week’s appointment of Greg McManus to the role of Director of Museums. Kim Wallace, Chair Kim Wallace is a resident of Tauranga Moana. She has had an executive career in finance, complemented with full time governance appointments over the past 10 years. Since 2018 Kim has been the Independent Chair of the Audit and Risk Management Committee Risk Committee for Christchurch City Council. She is also currently Deputy Chair of AgResearch Limited and an Independent Director of Port Nelson Limited and Origin Capital Partners. In addition, Kim is Chair of several Project Steering Committees charged with the oversight of significantly large and complex Crown-funded construction projects. These include the new $97 million AgResearch Lincoln building, $1 billion State Highway 2 projects between Waihi and Tauranga, and the $870 million South Auckland (Drury) projects. Kim was also a part-time governance advisor to Waka Kotahi – New Zealand Transport Agency and KiwiRail for five years, advising on the $1.5 billion North Canterbury road and rail reinstatement project. Barry Bragg, Director Barry Bragg is currently Chair of Te Kaha Project Delivery Limited, a council-controlled organisation set up to independently govern the design and construction of the $683 million Te Kaha multi-use arena in Christchurch, reporting to Treasury under the Crown funding agreement. Barry is also current Chair of Pegasus Health Limited, the largest Primary Health Network in the South Island, and current Chair of Paenga Kupenga Limited, a subsidiary of Ngāi Tahu’s investment arm Te Ngāi Tūāhuriri Rūnanga, supporting the delivery of social outcomes. Other governance roles include current Chair of Quarry Capital Limited, Deputy Chair of Stevenson Group Limited and Director of Christchurch City Holdings Limited. Of Ngāi Tahu, Whānau a Apanui and Whakatōhea descent, Barry has previous executive experience working for various energy and telecommunications organisations across New Zealand. Greg McManus, Director of Museums Greg recently completed a 10-year term as CEO of Waitangi National Trust, leading the development of two significant new museums from concept to completion and operation: Te Kōngahu Museum of Waitangi and Te Rau Aroha Museum of the Price of Citizenship. He led the transformation of Waitangi Treaty Grounds into a world class visitor destination, securing the financial sustainability of the organisation and enhancing the mana of the site as the most important historic place in Aotearoa New Zealand. Prior to Waitangi, Greg was Director of Rotorua Museum Te Whare Taonga o Te Arawa for 15 years, leading a capital construction programme that completed the famous Bathhouse building to its original 1912 plans and transforming the museum into one of the most awarded visitor attractions in New Zealand.
April 2023 BAY OF PLENTY BUSINESS NEWS 15 Hard times – we’re banking on them! HAVE YOU EVER NOTICED? > BY ALAN NEBEN Alan Neben is a Mount Maunganui local and experienced New Zealand publisher. His columns provide a light-hearted perspective on social changes effecting New Zealanders. There has been outrage recently about the excessively high level of bank profits in New Zealand. The average Kiwi possibly wouldn’t be so perturbed if the main banks were New Zealand-owned. Personally I’ve never been particularly discerning when unearthing the country of origin of my assailant when I’ve been mugged or scammed – whether it be a neighbour, or a total stranger from another town – if they steal my hard-earned money I feel violated, irrespective of their provenance. Not that I’m suggesting there’s any ‘mugging’ or ‘scamming’ taking place in the banking sector – perish the thought! It’s just there’s always a feeling that your money’s being ‘taken’, you get no say in it, the amounts change regularly, the scammers are all in on the fix, they change the rules constantly whenever ‘they’ decide, you can’t get out of the game and you’re completely *****d without them. Sound familiar? Welcome to the world of New Zealand banking (any similarities to mafia protection rackets are purely coincidental). “I’m gonna make him an offer he can’t refuse.” What Marlon Brando’s character Vito Corleone is really saying to Johnny Fontaine in The Godfather is what I like to term ‘bank talk’: you can’t say ‘no, cos we won’t let you. Our free-market rules prescribe the players are not allowed to collude – no discussing and agreeing things like rates and margins with competitors – that’s a ‘no no.’ But the day bank W changes its one-year mortgage rate, purely by coincidence its competitor banks A and A and B choose to change their rates by virtually the exact same amount. Strange eh? Of course you can always change banks … yeah, right! … have you ever tried changing banks? Be very afraid. “We’re here to help,” never really seems to ring true until you add the postscript, “provided you’ve got security by way of property as collateral that we will insist you back-up with a personal guarantee.” I’m not keen on the business model that enables the ‘family’ to invent random new charges with indecipherable names like ‘processing validation fee’ and ‘batch transaction fee’, that are added to customer statements every month or two; if the clients object and don’t pay on time, cumulative penalties are then also added. It is of no real consolation that there is a helpline with a minimum two-hour ‘priority’ queue to sooth clients by assuring them there is, “absolutely nothing we can do about the new charges”, but then politely ask, “is there anything else I can help you with today [other than the first thing which I didn’t help you with]?” It can be disconcerting to realise there is no longer a local manager to speak to, because there is no longer a local branch and the advice is to check the FAQ section on the website or wait on hold for a couple of hours and speak to the helpdesk gentleman in Mumbai (who coincidentally sounds just like the Microsoft guy who called me yesterday to check my credit card details). A year ago I had a rant about banks in this column. I commented, “no-one works at the bank anymore since they went online.” Which led me to ask: “If they no longer have to pay the bank teller wages, and they don’t need the armed courier driver (cos cash is now extinct, except for buying sausages at Bunnings on the weekend), and they don’t have to rent the retail space for the closed bank branch, and they’ve eliminated the accompanying cost of providing customer carparks and re-stocking the pens on chains that don’t work, then why have they not only not reduced my bank charges, but instead introduced additional new transaction charges for the jobs now done by less than minimum wage logarithms at the back end of their online banking app? … [breathe] The reason my bank has not reduced my bank charges: “because they don’t have to.” As I said a year ago, “there’s a lot of extra profit going straight to Melbourne, not passing go, but still collecting $200, even though they already own Park Lane and Mayfair.” It reminds me of a boardgame – I wish I could remember the name. Careful recruitment is essential Recruitment is a critical component of any organisation’s success, and it can be costly if done poorly. With the ever-present talent shortage, poor recruitment practices are becoming increasingly common, with businesses racing to put bums on seats rather than quality candidates. This can have a significant impact on businesses’ bottom lines. From inefficient hiring processes to inadequate training and high turnover rates, the cost of poor recruitment is something that businesses cannot afford to ignore. One of the primary costs of poor recruitment is the direct financial cost. Recruiting, hiring and training new employees is an expensive process, and when it is not done correctly, it can lead to wasted time and resources. This includes the cost of advertising job vacancies, screening and interviewing candidates, background checks, IT set up costs and the time of training the new employee into the position. It all adds up and isn’t a cost to take lightly or one that is wanted to be repeated due to not getting it right. One of the key concerns of recruitment is the impact on current employee morale and productivity – when an organisation hires the wrong person, this can lead to increased stress and workload for existing employees who must compensate for the new hire’s deficiencies. The Harvard Business Review states that 80% of employee turnover is due to bad hiring decisions. Poor recruitment can create a toxic work environment and affect overall company culture. Psychometric testing is a vital tool in understanding a person’s potential and personality and can be a really useful tool in the recruitment process, helping to assess candidate suitability for the role requirements and the team fit. It can help to identify strengths and weaknesses HUMAN RESOURCES > BY KELLIE HAMLETT Talent ID are Recruitment Specialists and can support you through your recruitment process. Please feel free to talk to us about this by calling 07 349 1081 or emailing kellie@talentid.co.nz within the team and any potential gaps which could be filled with your new recruit. Talent ID are accredited Saville Psychometric Assessors and can arrange for this to be completed on behalf of any employer. There is a common misconception that psychometrics are only used for high level roles, however they are a useful tool across all levels of any organisation, and can be very cost effective if you choose the right one. Many businesses are under pressure to fill roles quickly, and as a result, they may not invest enough time in the recruitment process. This can lead to poor screening, hiring the wrong candidates, and poor fit with the culture. Businesses must invest in creating effective recruitment strategies. This includes investing in training and development, offering competitive salaries and benefits, and providing opportunities for career advancement. It is also essential to conduct thorough screening and background checks. Your critical compliance, as we call it, is another check to ensure that your new recruit is suited to the role. Utilising HR and recruitment consultants who are trained in this area can ensure that the recruitment process is sounder and can take the pressure off the urgency of the recruitment, as well as ensuring the candidates are well vetted. Another reason for poor recruitment is the lack of investment in training and development. Many companies are not providing adequate training and onboarding, leading to new hires struggling to adapt to their new roles. Inadequate training can lead to mistakes, poor customer service, and decreased productivity, which ultimately affects the company’s bottom line. In addition to the direct financial and productivity costs, poor recruitment can also damage a company’s reputation. In today’s age of social media and online reviews, negative feedback from past employees or candidates can quickly spread, making it challenging for companies to attract and retain top talent. Having a strong recruitment process and HR strategy can have significant financial, productivity, and reputational value for businesses. Addressing these issues requires investment in effective recruitment strategies, training and development, and a commitment to hiring the right candidates. By doing so, businesses can create a positive work environment, retain top talent, and ultimately increase their bottom line. Get in touch with Kellie and the team at Talent ID to discuss any of your recruitment and HR needs.
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April 2023 - Bay of Plenty Business News

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