Minimum wage set to increase

IMPACT – MEDIUM

The government of New Zealand announced that it will increase its minimum wage in February.

Key Points:

• Beginning Feb. 27, 2023, the median wage rate will increase to 29.66 NZD per hour from 27.76 NZD per hour.
• Employers hiring foreign nationals using the Accredited Employer Visa category must meet median wage requirements or use an exemption.
• Income requirements are based on the annual New Zealand Labor Market Statistics information released annually.

BAL Analysis: Affected employers should take note of the change and budget for the increases as needed. The new income requirement affects only applications received by Immigration New Zealand on and after Feb. 27. The changes do not affect visa applications received by Immigration New Zealand before Feb. 27.

This alert has been provided by the BAL Global Practice Group. For additional information, please contact berryapplemanleiden@bal.com.

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