Yup, it is a new trendy way of naming HR.
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New names are great, but when their function still remains the same what's the point? I've worked of an organisation that has a Director of People and Culture, not a lot changed, seemed like they just attached themselves to the social club. But in saying that, I know that some organisations have pulled it off well and created a great work place for their staff thanks to People and Culture staff.
I suppose, if it's pulled off well within an organization. Kind of like the governments new Minister for delivery and implementation unit, only effective if the end result is "delivery" otherwise its just being wishy washy with words.
Back on topic, are we drawing the conclusion that Plexure are struggling to hire or that these are new growth hires?
Feels like No. 1 (i.e. struggling to hire).
They are hiring already for a long time - and remember that they said some months ago that they saved money (i.e. lower burn rate) because they couldn't hire the people they need? Pretty sure the same is still true.
I worked in the Software Industry as well - and hiring good SW staff, IT people and testers used to be difficult even with the borders open. Roughly 2/3rds of our recruits came from overseas ... NZ Universities might be good in turning out Bachelors in Tourism and Masters in Maori language and while they turn out as well good quality technical graduates, but unfortunately it is ways less than the industry needs.
So - who would want to work with Plexure?
Graduates - as discussed not enough around (and PX1 are anyway looking for senior people).
Overseas candidates - we don't allow them to get into the country.
Local experienced people: Why would a capable and established Analyst, SW developer or IT staff leave whatever job they currently have in NZ and go to a company where the future is quite uncertain?
Unemployed top notch technical staff: Yeah, right.
Tough hand, I'd say ... but hey - look at the bright side, they will continue to spend less money for staff ... small disadvantage that they won't be able to build whatever they want to.
31 March 2021 Revenue expected to be $29.2m.
if we could beat Plexures own revised revenue expectations that they re-announced 9th March.. that would be real nice for the share price.
We will find out on Thursday. Looking forward to it/slight nervous.
EXACTLY! The directors pumped this company up as the next shining light that is going to be the answer to all fast food prayers in Covid-19 times and beyond. The future!!! While I think the product is good the long lead time to deliver new customers and the lack of announcements doesn’t look good. It suggests that prospective customers have not signed up – either they went with another supplier or they are still sitting on the fence. Plexure need to close some of these deals. Seriously, with the raving reviews they had from customers they should easily be able to pick up other customers
Going to be a big brain drain to Australia they say
Plexure May as well raise another $20m and pack up and move to Australia.
Might be better sales people over there who can close huge deals
Don’t they already have an office over there? They have an office in USA...