2015 looks bright for New Zealand businesses

Cashmanager | 8 years ago

Across New Zealand, company leaders reviewing their small business accounting reports may find themselves with a smile on their faces.

According to a recent survey by the ManpowerGroup, Kiwi enterprises are among the "most optimistic globally" in terms of labour forecasts, driven by high consumer and business confidence.  

The most recent Manpower Employment Outlook Survey, which was released on December 9, projected a slight increase in hiring among New Zealand enterprises in the coming year. At +28 per cent, Kiwi employers have one of the strongest outlooks internationally, following only India (+45 per cent) and Taiwan (+43 per cent). 

Nearly one-third (31 per cent) of New Zealand employers plan to increase their workforce in 2015, with only 6 per cent expecting to decrease hiring activity. In particular, the report indicated strong job opportunities in mining, construction, transportation, utilities, wholesale trade and retail organisations. 

"The sustained activity in construction coupled with strong business and consumer confidence is driving hiring in most sectors across the country, putting pressure on the local employment market," said Lincoln Crawley, managing director of ManpowerGroup Australia and New Zealand.  

What can enterprises do to take advantage of market prospects and position themselves for strong outcomes? Having financials in order is key to business growth at any time, and the right accounting tools such as those offered by Accomplish can help organisations assess their strategies, manage their cashflow and make more strategic investment decisions. 

Not every business has a team of accountants to manage its financials - nor do they need to. With simple accounting tools like CashManager, business leaders are empowered with financial resources and insightful reports to oversee their accounts. 

As Kiwi businesses grow their labour force and operations, they'll also want to make sure their accounting services can scale with them, making options with modular designs a great asset.