Wage Movements – What's Happening in 2020?


 

Earlier this month Stats NZ released the June 2020 wage inflation information. The headline stats were for the year to June 2020.

 

The public sector increases were higher as a result of the number of pay settlements over 2019/20 including Nurses, Teachers, Principals and Police.

 

Minimum Wage Increases

The minimum wage increased to $18.90 per hour on 1 April 2020 and this accounts for the difference in overall increases within the private sector. Minimum wage is to further increase to $20.00 per hour with effect from 1 April 2021.

 

COVID-19 Effects on Wages

The quarterly changes were flat, which indicates most held their review of remuneration during the COVID-19 lockdown. The September statistics will uncover whether those decisions were made in Alert Level 2 or further held.

 

grow hr wage movements 2020 wage yabel3

 

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Funding from the RBP Business Advisory Fund

 

Grow HR also offers services that are registered with the COVID-19 Business Advisory Fund. Small- and medium-sized businesses may qualify for funding to help pay for advisory services to support them through the COVID-19 outbreak. Find out more by visiting www.regionalbusinesspartners.co.nz

 

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Complimentary Briefings

 

Grow HR are continuing to take bookings for our Complimentary Briefings at the end of the August. If there is a further change in Alert Levels the session planned for Havelock North will be moved to Zoom.

 

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