The year is flying, the first quarter almost done, and as always - minimum wage is going up on the 1st April. As an employer you will need to make sure that if you have staff currently earning the soon to be old minimum wage of $23.15, you're covered starting April 1st 2025. Now's the time to update and prepare letters of Variation on Employment Agreements for implementation by April 1st, 2025.
The details of the increase are:
Adult minimum wage will go up from $23.15 to $23.50 per hour
Starting-out and training minimum wage will go up from $18.52 to $18.80 per hour
All rates are before tax and any lawful deductions, for example PAYE tax, student loan repayment, child support
To understand the impacts that this may have on your business and for help completing variation letters, please reach out to our Payroll Specialist Philippa Stephens via email at philippa@no8hr.co.nz or give her a call on 021 477 121, and we can assist.