Employer Bulletin | 5 February
New Zealand plans to raise its adult minimum wage by 2% to $23.15 per hour from April 1, 2024, as stated by Minister Brooke van Velden. The increase is intended to support low-income workers, but the minister advises caution due to economic challenges, including high net migration and slow economic growth. While acknowledging New Zealand's relatively generous minimum wage within the OECD (Organisation for Economic Co-operation and Development), the minister also recognizes potential challenges for businesses, making it more difficult for them to offer pay raises or expand their workforce.
In today’s Bulletin
- Step Closer for European Union Free Trade Agreement
- Minimum wage set for cautious increase
- Reducing barriers for financial services
- Government introduces Productivity Commission Act Repeal Bill
- Household living costs increase 7.0 percent
- Three Employment Court cases and Three Employment Relations Authority cases
If you have any questions, about this case or other employment relation matters, you can call the AdviceLine team on 0800 800 362.
