Staff retention remains concern

Over half (52 percent) of the 200 New Zealand CFOs and financial directors surveyed cited staff retention as concern in 2012. Just over 60 percent also recognised it is challenging to find skilled finance professionals. 

The same survey found that 79 percent of CFOs and financial directors have confidence in New Zealand’s economic growth prospects for 2012. 

Robert Half statistics show the average time it takes to fill finance or accounting vacancy at management level is seven weeks, while staff level roles takes an average of 5.7 weeks. 

Traditional monetary perks, including salary and bonuses, remain the top incentive at 32 percent, while offering staff opportunities to upskill by offering subsidised training or education (24 percent), took out second place. 

Healthcare or life benefits (16 percent) and flexible work hours, or the opportunity to telecommute (16 percent) were also on offer. Other incentives included mentoring programmes, car allowance and loyalty leave. 

The research was developed by Robert Half in conjunction with an independent research organisation and surveyed the highest-level of financial decision makers in companies across New Zealand. It was conducted from 10 December 2011 to 19 January 2012.

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