Pay rates dropped in 2010 for a quarter of 215 job types surveyed in the just released Employers National Wage and Salary Survey. Unskilled jobs have been most affected by the tough economic conditions says David Lowe, employment services manager for the Employers and Manufacturers Association which undertakes the survey. Unskilled job positions averaged a 0.1 percent pay decline, semi-skilled pay rates improved a little and rates for skilled and management pay increased the most by an average of 1.7 percent.
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Chief executive salaries became political this week, with Finance Minister Bill English wading into Westpac over New Zealand CEO George Frazis’ $5.59 million annual package which makes him the highest paid manager in New Zealand. However, our top pay packages look like fleas on the backside of an elephant in comparison with what big bosses overseas are earning.
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The Department of Labour’s latest Leading Indicator of Employment (LIoE) is forecasting some encouraging, albeit relatively modest, employment growth over the coming quarters. The indicator is forecasting employment will grow between 0.5 percent and one percent per quarter over the next three quarters.
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Over half of all Kiwi employees use social media to promote their personal brand but “old fashioned” verbal communication remains the most important attribute for getting ahead in the workplace, according to the latest national survey from workforce solutions company Kelly Services. The findings are part of the Kelly Global Workforce Index, which obtained the views of approximately 134,000 people in 29 countries, including almost 5000 in New Zealand.
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Want to catch up with why motivation doesn’t have a lot to do with money or why our current obsession with social media runs the risk of turning us into a bunch of shallow thinking morons? A growing resource of enlightening and entertaining video clips – in which an illustrator draws images as a well-known speaker presents a topic – can be viewed at www.thersa.org. Like the Waiheke Island subscriber who introduced us to this fascinating website, you can go into a draw for a Flip MinoHD (RRP $379.95) pocket video camera for sharing informative and interesting blogs, websites or online video clips with other readers of Executive Update.
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Guests at this year's Deloitte/Management magazine Top 200 awards will be treated to a dinner menu from the restaurant of New Zealand's top international celebrity chef, Peter Gordon. The awards at Auckland's SkyCity on 2 December will include a menu designed by dine by Peter Gordon, the famous chef's award-winning restaurant in the SkyCity Grand Hotel.
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“I think the business community just has to get more engaged in helping educate the public,” says Jim Owens, one of the USA’s most influential business leaders, whose 38-year tenure with Caterpillar, most recently as chairman and before that CEO, ended last month. He reflects on an unconventional career path, organisational change and how and where to stay competitive over the long term.
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