What's going on inside the Reserve Bank? The company appears to have been hit hard by staff turnover.

22 percent of staff left in the previous financial year, the highest portion of staff since records began in the 1990's.

NZ Herald Wellington business editor Jenee Tibshraeny explained why this staff turnover may be happening.

The Reserve Bank is not immune to similar issues impacting companies in a post-Covid world, but these staffing changes go deeper than regular employees feeling free to change workplaces.

"The Reserve Bank started doing a restructure at the end of last year, and at this point we saw a bunch of really senior people leave. Including the Deputy Governor, Geoff Bascand and the Chief Economist Yuong Ha. In the last six months of last year, 10 out of the Reserve Bank's 26 most senior people handed in their resignations."

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What's going on inside the Reserve Bank? The company appears to have been hit hard by staff turnover.
22 percent of staff left in the previous financial year, the highest portion of staff since records began in the 1990's.
NZ Herald Wellington business editor Jenee Tibshraeny explained why this staff turnover may be happening.
The Reserve Bank is not immune to similar issues impacting companies in a post-Covid world, but these staffing changes go deeper than regular employees feeling free to change workplaces.
"The Reserve Bank started doing a restructure at the end of last year, and at this point we saw a bunch of really senior people leave. Including the Deputy Governor, Geoff Bascand and the Chief Economist Yuong Ha. In the last six months of last year, 10 out of the Reserve Bank's 26 most senior people handed in their resignations."
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Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.