- all else equal, workers prefer a higher wage to a lower one;
- all else equal, workers prefer to work in a region that is culturally and linguistically familiar to them;
- all else equal, high-human-capital workers prefer to work in an intellectually exciting environment close to other high-human-capital workers;
- workers hold these preferences to different degrees, which implies variable willingness to trade-off one attribute for another.
Auckland University Business School economics associate professor Dr Rhema Vaithianathan said Kiwi bosses are “strikingly bad” and better training is needed to halt the monthly exodus of thousands of workers.This article was picked up by Chris Trotter in yesterday’s Press (not online yet), suggesting that the study shows that we should turn our attention away from the prescriptions of the right and focus on our bad managers if we want to increase productivity.
She said a Ministry of Economic Development survey of 152 firms revealed our managers were among the worst in the world for their inability to recruit, promote and keep "high talent" staff.
“New Zealand's management scores are not good – in fact they might be the most significant reason for losing so many people to Australia – and it’s time we accepted the fact and did something about it,” Vaithianathan said.