17 Feb 2017

Business confidence remains steady

9:21 am on 17 February 2017

New Zealand chief executives are optimistic about growth and plan to hire more people, but are worried about a shortage of skilled candidates.

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Photo: 123rf

A survey by the accountancy firm, PWC, found 97 percent of respondents were confident about their revenue growth prospects for the next three years and 91 percent were sure they would hit their growth targets for the next 12 months.

However, changing technology and increasing cyber threats are among their major concerns, with 91 percent citing it as their top concern, which was considerably higher than the international measure.

The survey also showed that while more than half planned to hire more staff, the bigger issue was finding skilled staff.

"There is a perceived skills shortage, CEOs feel that they need people in their team with strong capability in the digital space and there is a perceived shortage of that globally," said PwC's New Zealand chief executive, Mark Averill.

Australia and the United States were seen as the best markets for expansion, with China coming in third.

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