Employers should get out and promote themselves to staff who
are thinking of leaving for greener pastures, and remind them
that they had been retained through one of the harshest
downturns in history, an employment specialist says.
The lack of mobile phone coverage from Telecom's XT network
continued to frustrate thousands of people yesterday as
services remained interrupted in Queenstown, Invercargill,
Timaru and parts of Dunedin.
The Reserve Bank, as expected, kept its official cash rate
unchanged at 2.5% but more interest was focused on
developments in the United States, where the Federal Reserve
kept its interest rates close to zero.
A proposal requiring large, privately-owned companies to
publicly report their annual financial data could stymie
economic growth, Otago Chamber of Commerce chief executive
John Christie said yesterday.