After much speculation and debate the Government has announced a small increase in the minimum wage, to come into effect on 1 April 2010.
The standard (adult) minimum wage will increase 25 cents to $12.75 per hour. That's equivalent to $102 for a standard 8 hour day, or $26,520 per year.
The new entrants minimum wage will increase 20 cents to $10.20 per hour ($81.60 per day, or $21,216 per year).
According to the Beehive website,
"The Government is focused on the need to find a balance between protecting jobs and ensuring a fair wage."
"We do not want to see workers priced out of the market, but we are confident that a 25c increase, in line with inflation, will not overly harm or discourage businesses from taking on new staff."
There have been calls by Unite to increase the minimum wage to $15 per hour, a 20% increase on the current minimum wage, but these calls have been rejected by the Goverment as unreasonable in the current challenging economic climate.
Comments
[ Click to add a comment ]| Manish said on 18-Jun-2010, "What is the minimum Salary I should sign my in contact": |
| What is the minimum Salary I should sign my in contact |
| salaries.co.nz said on 19-Jun-2010: |
| Manish, for a full-time position you should expect at least $26520 per year. For hourly rates, expect a minimum of $12.75 per hour (+ holiday pay or time off for holidays). Don't sign a contract for less than these amounts, unless this is your first job and you'll be on the new entrants minimum wage. |
| Joska said on 21-Jul-2011, "unfair wages": |
| 12.75 is a ridicolously low wage just the shopping for my family for one week costs 150+ a week and thats with carefull shopping rent for my house is 375$ and its not luxurious or large barely enough for a two children family thats more than i would earn in a week just for these two absolute necessities. Ridicolous. |