Wage increases and Being a Good Employer - the impact of Rates rises
All my Christchurch clients will all be aware of the large increase in rates that are coming through. I understand the average increase will amount to some $150 per annum in rates - very approximately 0.5% of the average wage. Yet you will not see this increase clearly reflected in CPI increases (which are national).
This is simply an alert that "good employers" will be expected to recognise the fact that their staff have this cost rise and ensure their wage increases include a 0.5% for this factor. This is one of those hidden costs of the earthquakes!