Impact of the New Median Wage on Employers and Immigrants

The median hourly pay in New Zealand will grow from $27.76 to $29.66 starting on February 27, 2023, according to recent government announcements. It's crucial to know exactly how the new wage will influence you because it's expected to have a big impact on both companies and migrants. Let's examine what this might imply for immigrants and employers in New Zealand.

Impact on Employers

The increased median salary may lead to higher wages for employees who are now making less than the suggested level for New Zealand firms. When calculating employee salaries, employers must also take into consideration any modifications to the Accredited Employer NZ and the industries covered by sector agreements. It is crucial to remember that if the wage barrier rises between the times the work check is allowed and the immigrant applies for their visa, they could have to meet a higher wage threshold than what was initially permitted for the job check pay range. This means that when recruiting foreign employees, companies need be aware of any changes to ensure compliance with immigration regulations.

Impact on Migrant

This rise in the median wage may be advantageous for immigrants seeking to settle in New Zealand because it increases their chances of finding employment with companies that pay at or above this level. As a result of these higher earnings, job seekers may receive more competitive pay and have improved job stability. However, it's critical for immigrants to keep an eye out for any adjustments that might be made between the time their job check is authorised and the time they apply for their visa as they might need to reach a higher pay requirement than was previously allowed