Magazine article New Zealand Management

INTOUCH: Business Behaviour Remains Hopeful

Magazine article New Zealand Management

INTOUCH: Business Behaviour Remains Hopeful

Article excerpt

Pessimistic sentiment runs high in the findings of the latest Sheffield Salary Review Survey, but that is not flowing through to dramatic cuts in pay, staff numbers or revenue expectations.

The survey, which was conducted over November and December last year, questioned 182 organisations in public and private sectors. It reveals that 76 percent expect the economy to worsen in the next year.

C[pounds sterling]Only once in the 18-year history of this survey, have we seen anything close to that level of pessimism,C[yen] says Sheffield reward manager Jarrod Moyle. C[pounds sterling]Three years ago, in 2006, 66 percent of organisations expected the economy to worsen, with much of that pessimism unfounded. In early 1998, in the midst of the Asian economic crisis, only 36 percent were expecting things to get worse.C[yen]

However, a surprising finding of the survey was that despite the pessimism, only 29 percent believe their sales revenue will decrease during 2009. The rest expect sales levels to stay the same, or increase Co in about equal proportions. …

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