Strategic Objective 1
Members' interest:
‘To ensure the Institute is always relevant to members and the marketplace within which it operates'
International Innovation Network
Membership growth
The Institute and profession continue to grow at a steady pace, increasing by 7.5% since June 2005 to 30,417 members as at June 2008. This bodes well for the continuing strength of the profession and Institute.
| Year | Members |
|---|---|
| 2005 | 28,296 |
| 2006 | 28,735 |
| 2007 | 29,433 |
| 2008 | 30,417 |
Resignations
Resignations from the Institute have increased significantly in 2008; however, the overall percentage increase indicates that the membership has remained stable with a mere 1.1% of members resigning between the period 2005 to 2008.
| Resignations | |||
|---|---|---|---|
| 2005 | 2006 | 2007 | 2008 |
| 303 | 303 | 298 | 377 |
Age of members
The age profile of the Institute remains fairly stable with most members sitting between the 30-49 age bracket. Interestingly, the under-30 component of our membership is slowly but surely growing: this age group made up just over 12% of the Institute's membership as at June 2008.
Age by percentage
Gender
The Institute and profession remains predominantly male; however female membership continues to grow strongly, with women now making up nearly 38% of members.
Gender by percentage
Ethnicity
New Zealand European members remain the Institute's dominant ethnic group, growing to over 55% of the Institute's membership by June 2008. Asian membership continues to grow strongly, with those identifying as Asian growing from 3% in 2005 to just over 9% as at June 2008.
Ethnicity
Membership by occupation
The bulk of our members continue to work in the private sector (nearly 50%) followed by public practice. Interestingly a small but growing number, 2% now class themselves as parenting, reflecting perhaps the growing number of women in the profession and changing workplace attitudes to parenting.
Membership by occupation
Membership by business sector
As discussed above the private sector remains the dominant sector in the profession, followed by public practice and then finally the public and not-for profit sector.
Membership by business sector*
* Public sector and not-for-profit includes central government, education, SOE or statutory body, non-profit organisation and local government
International Innovation Network
The Institute actively participates in the International Innovation Network (IIN) group of accounting bodies around the world, who exchange ideas and experiences on the services and activities they conduct on behalf of their members. This has enabled our participation in two IIN surveys during the year - one polling members in public practice, the other for members in business and the public sector.
Both these surveys were particularly valuable to both the Institute and to the worldwide group of bodies, for the information they provided. New Zealand members' responses were proportionately by far the highest of those bodies taking part.
The issues of highest concern to NZ public practice members were hiring and retaining staff, whether to stay in public accounting, and coping with the impact of technology on their clients.
Highest concerns for our members in business were maintaining or achieving work-life balance and development of management and leadership skills.
In both surveys members indicated their awareness of and generally very positive satisfaction with services and products provided by the Institute. The responses on many of our services have been invaluable to Institute management in informing decisions and priorities around development and improvement of these services, and likewise are critical to the design and prioritisation of new initiatives for members.