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!
Tag: CPI
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.
CPI Falls
The Consumer Price Index has fallen by 0. 3% in the last quarter, so that the annual rate of inflation is now only 0. 1%.
Minimum Wage Increases
Please be aware that the minimum wage increases on 1 April to $14. 75 per hour (an increase of 3. 5%).
Costs and Wages
Some interesting figures have recently been released, which will not necessarily make wage and salary negotiations easy for local employers. The CPI figures show inflation at only 0.
Wage/Cost Increases
Stats NZ have issued two figures in the last week. The CPI figures for the year to 30 September have been released at 1.
Latest CPI data
The CPI figures for the year to 30 June 2014 have just been released at 1. 6%, which is very consistent with inflationary pressures in the preceding 6 months.