Kiwi entrepreneurs hold optimistic outlook

LAURA WALTERS
Last updated 09:21 11/02/2014
Travel talk: Ina Bajaj
SECOND HOME: Bali is unique in its spirituality and beauty.

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Kiwi entrepreneurs are among the world' most optimistic this year, especially when hiring staff, the Entrepreneurs' Organisation says.

Tony Falkenstein, the Entrepreneurs' Organisation New Zealand communications chairman and a director of water cooler business Just Water, said strong economic indicators meant kiwi entrepreneurs were ready to start hiring new staff.

The unemployment rate dropped to 6 per cent in the December quarter, with 24,000 more people employed.

An annual survey held by the organisation in October showed 75 per cent of its 50 New Zealand members planned to employ more fulltime workers this year, compared to 63 per cent of the other 9450 members globally.

A new poll held by the organisation last week showed all 34 New Zealand respondents planned to increase staff numbers during the next 12 months. More than 35 per cent planned to up to five people.

Almost 25 per cent planned to hire between six and 10 people, while one planned to add between 11 and 15 new staff and three entrepreneurs said they would hire more than 20 staff this year.

Among them, East Day Spa owner and entrepreneur Ina Bajaj said she would need another 40 staff when she opened a branch of her new business Spring Day Spa in Bali in May.

The firm now has about 90 staff working for East Day Spa and Spring Spa, which opened in 2012 in New Zealand.

Bajaj said she was confident about the firm's growth plans.

She already had a presence in Bali and New Zealand's strong economy had added to her confidence. "There's definitely a sense of optimism this year, Bajaj said. Fairfax NZ

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