New Zealand 'Living Wage' Updated For 2015

By Dex Tennyson, for ExpatBriefing.com 26 February, 2015

The living wage movement is quickly gathering pace in New Zealand, as increasing numbers of employers are recognizing the importance of paying sufficiently high salaries and have agreed to pay a revised minimum hourly rate in 2015.

The revised figure for 2015, of NZD19.25 (USD14.60) per hour, was announced this week and represents a 2.5 percent increase over 2014. The announcement of the new figure was welcomed by diverse community and workers' groups. Proponents of "living wages" hope that New Zealand will, before long, be on a par with Britain, where there are now over 1,200 accredited living wage employers.

The living wage is regarded as the amount needed by an average family in order to have a decent standard of living and fully participate in daily life, including such things as going on family outings. It is based upon a two-parent, two-child family with one parent working full-time and one part-time. The concept was first introduced in New Zealand in February 2013.

Tags: Finance | New Zealand | Employment | Expats | Personal Finance | Working Abroad | Welfare | Work | Working Abroad | Lifestyle | Lifestyle | Working Abroad |

 





News Archive