Phil Wicks: Small Business NZ Founder on the cost of businesses hiring the wrong staff

Best of Business · Jun 10, 2026 · 4m · transcript

The cost of hiring the wrong person is racking up for employers, despite a large number of applicants.

New Seek data estimates small and medium sized businesses lose more than $900 million a year from bad hires.

Small Business NZ founder Phil Wicks told Francesca Rudkin the quality of applicants seems to be slowly declining.

He says often in the trades, it's hard to find the right person, and yet the industry's under immense pressure to find people quickly.

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