Essential Update - 11th April 2024
Imminent Changes, Farewell to Jess and Increase in Minimum Wage...
Tag: Minimum wage
I aim to share short, informative posts on current developments and ideas in the HR space that are of practical use to employers and employees alike!
I want to make sure you always know what is happening in the world of human resources. Here I provide you with latest news and updates from Essential HR, as I identify them. This includes my own analyses, summaries of key legal developments month by month, and useful tips for your organisation.
Covid-19 Update - Changes to the Covid Response
A breakdown of the information given at todays Government Announcement... plus a couple of reminders...
Essential HR Update
All you need to know about Minimum Wage Increases, Visa Expiries and Covid Vaccinations! Plus, Essential HR increases their client base in the North Canterbury area!
Changes we should expect to see from the new GovernmentNew Blog Post
As the new Government settles in, here are some things you can expect from them and the impact it will likely have on you and your business.
Covid-19 – Minimum Wage Increase Implications
Minimum Wage increases as of today - Here is what you need to know!
Wage Increases
Minimum Wage rates will increase by 3.2% on 1 April - going to $15.75 per hour. December CPI shows overall CPI increases over the past year at 1.3%. It's time to plan!
Penalties for breach of Minimum Standards
Two companies were fined $100,000 for breaching minimum wages and leave record requirements. If in doubt check in with us - better a $50 phone call than a $50,000 fine!
Minimum wage for salary-earners
Employers need to check that any salaried Employees who are paid under $40,000 p.a are still being paid at least the minimum wage.
Increase in Minimum Wage Rate 1 April
Minimum wage rates will increase to $15.25 from 1 April (and training rates from $11.80 to $12.20). This is a 3.5% increase in times where inflation is down at 0.1%.