The Government has announced they will increase minimum wage once again.
Chris Hipkins has announced the new adult minimum hourly rate will rise by $1.50 to become $22.70 per hour from April 1, 2023. The new rise this time, only to keep up with inflation at 7% rather than the historic increases being double the CPI rate we've seen in recent years. The new Prime Minister giving assurances this rise will have a negligible effect on inflation.
In the usual way, the starting out rate and training rates are 80% of the Adult minimum rate thus will be $18.16.
You would be forgiven to think that the minimum wage rate has ballooned in recent years. April 1st, 2017 saw a rate of $15.75. That's a whopping 44% increase in the last 6 years.
One thing we can offer to make it easier for Employers is to use our online
bulk eSign facility to inform your affected staff of the change.