NZ MARKET REPORT

SME Employment & Employer Insights Report 2023

A snapshot of the SME employment landscape in New Zealand, including salary averages, wider employment trends, and results from our inaugural SME employer survey
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In this report

MyHR has a client base of over 1,200 organisations in NZ, with more than 29,000 employees on our platform, so we are uniquely positioned to understand the everyday challenges that SMEs face.

We have leveraged this database to deliver never-before-seen insights into salary and employment activity over the past year and complemented this with our first-ever business confidence survey. More than 400 business owners and managers have shared their reflections and intentions for the year ahead, which has painted an optimistic picture against which we can frame the trends of 2023.

Key takeaways:

  • Business confidence remains cautiously optimistic, despite the challenging backdrop.
  • Restructuring activity is up in Q1 FY24.
  • Pay rates continue to climb, but showing signs of slowing.
  • Keeping existing staff engaged and productive is a top business priority in FY24.