Employer Bulletin | 5 February 2024
- Feb 4, 2024
- 1 min read
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, call the Advice Line team on 0800 800 362.
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