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Speaker 1: The reminder and part is to why so many people

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Speaker 1: are leaving New Zealand for not only the heat of

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Speaker 1: Australia but the pay packets. We've got a survey of accountants,

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Speaker 1: eight thousand of them across Australasia. Turns out paywise, there's

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Speaker 1: a big gap. Chartered Accounts Australia, New Zealand General Manager

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Speaker 1: Charlotte Everitt's with us on this, Charlotte Morning to you.

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Speaker 2: Morning Mike.

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Speaker 1: This charted accountants are all accountants.

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Speaker 2: This is chartered accountants, so that's own members. We have

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Speaker 2: almost one hundred and forty thousand members across Australia and

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Speaker 2: New Zealand.

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Speaker 1: What sort of gap are we talking about? Dollars wise?

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Speaker 2: You know, the gap is significant if you're looking at

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Speaker 2: some of those bigger roles, so chief chief executives CFOs

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Speaker 2: and general managers so CFOs for example, and this as

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Speaker 2: we looked at the median so everyone knows a CFO

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Speaker 2: paid higher than this. But in Australia they'll get about

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Speaker 2: three hundred and five thousand, whereas in New Zealand you're

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Speaker 2: looking more at two hundred and sixty five thousands. But

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Speaker 2: you know, equally there are plenty of roles in New

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Speaker 2: Zealand that pay pretty similar to those in Australia. More

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Speaker 2: junior accountants get very similar pays.

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Speaker 1: So have we got a problem here or not? Because

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Speaker 1: if you say two sixty five to three oh five,

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Speaker 1: yes it's a gap, but the cost of living in

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Speaker 1: Sydney is way more than that as compared to with

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Speaker 1: say living in Auckland, So in other words, you're not

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Speaker 1: necessarily ahead at all.

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Speaker 2: I mean. Also, I think I was reading something this morning,

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Speaker 2: I think on interest dot co dot can said that

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Speaker 2: it said Australians are a lot more dissatisfied than us

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Speaker 2: with the affordability of housing. So you know, we think

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Speaker 2: we've got it bad here, they have it worse there.

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Speaker 2: You try to buy a house in Sydney, it's pretty pricey.

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Speaker 2: But look, I think over the lifetime of our survey,

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Speaker 2: we've always seen higher salaries in Australia than in New Zealand,

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Speaker 2: so this isn't something new at all. And economic performance

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Speaker 2: here there's been a big gap since way back in

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Speaker 2: the seventies in.

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Speaker 1: Your age, sorry, in your experience, is retention here an

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Speaker 1: issue because of pay or not?

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Speaker 2: Well? I mean everyone also, like everyone knows someone that's

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Speaker 2: moving to Australia, but there are also plenty of people

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Speaker 2: that are happy to stay here in New Zealand. We've

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Speaker 2: got a lot to offer, as you know, like you said, affordability.

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Speaker 2: But also Passervey showed that a lot despite a being

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Speaker 2: a bit more in Australia, over all New Zealand is

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Speaker 2: feel more fairly paid. So over a quarter of Australians

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Speaker 2: thought that they were unfairly paid, but in New Zealand

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Speaker 2: that was only twenty percent. Okay, so I don't think

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Speaker 2: but yeah, we do have a problem. I've bought a

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Speaker 2: problem and that there are people leaving, but there's still

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Speaker 2: a lot of people that come back home as well.

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Speaker 1: Good stuff. Nice to talk to you, Charlotte. Charlotte Ebbitt,

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Speaker 1: who's chartered accountants A and Z or Australia and New

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Speaker 1: Zealand general manager, talking to my daughter in Melbourne last

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Speaker 1: I can't sleep, which you can't sleep too, damn hotspan

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Speaker 1: thirty nine degrees all week in Melbourne. You can't sleep.

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Speaker 1: Who wants to go to Australia? You get no sleep?

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Speaker 1: For more from the Mike Asking Breakfast listen live to

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Speaker 1: news talks. They'd be from six am weekdays, or follow

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Speaker 1: the podcast on iHeartRadio.