Minimum wage is due to rise
With another financial year on the horizon, there are changes coming for employers with wage increases for 2017.
There has been a lot of discussion in the media regarding the ‘Living wage’ increase to $20.20 that comes into affect on 1st July 2017. Though the ‘Living wage’ is not law, it seems to be quite a hot topic. Is it something as an employer you have considered for your employees?
What is law is that the Government announced in January that the adult minimum wage will rise on 1st April 2017 by 50 cents to $15.75 per hour and the starting-out/training minimum wage will increase to $12.60 per hour from $12.50.
If these minimum wage increases do in fact affect your employees, have you thought about the fact that by law you are going to need to update your remuneration schedules attached to your employment agreements come 1st April 2017?
Do you need help to update your employment agreements for your employees? Or want to know more? Please give us a call 03 578 3386 or email us support@tva.co.nz – we can help.