On 1 April 2025, the New Zealand minimum wage increased, and it’s crucial for Wellington business owners to ensure their payroll systems and employee records are up to date. Failing to comply can result in costly penalties and damage to your reputation — not to mention disgruntled staff.
The adult minimum wage has risen to $23.50 per hour.
The starting-out and training wages have also increased to $18.80 per hour.
If you pay your employees weekly, fortnightly, or monthly, it’s your responsibility to ensure they receive at least the equivalent of the minimum wage for every hour worked. This includes overtime — any hours worked beyond 8 hours a day, 40 hours a week, or 80 hours per fortnight must be paid at no less than the new minimum hourly rate.
Now is the perfect time to review your payroll software and processes. Make sure all rates have been updated and your calculations reflect the current entitlements. Even if you typically pay staff above the minimum wage, it’s essential to regularly check that all employees are receiving what they’re legally owed — especially when it comes to extra hours, bonuses, or deductions.
Accurate and systematic record-keeping is also vital. Keep detailed wage records, agreements on pay structures, deductions, and any non-cash benefits. You’re legally required to hold records that prove compliance with New Zealand’s minimum employment standards.
For many small and medium-sized businesses, minimum wage increases can place added pressure on cashflow. This is an ideal time to review your financial plan and ensure you’re managing costs efficiently. Consider whether outdated systems or manual processes are creating unnecessary expenses.
Outside Accounting Wellington can help. We’ll review your payroll setup, ensure compliance with the latest employment laws, and work with you to improve your cashflow strategy so your business stays on track — even in times of change.
Not sure whether your payroll is fully compliant with the new wage rules? Want to future-proof your cashflow management? Get in touch with Outside Accounting Wellington. We’re here to help you stay compliant, reduce unnecessary costs, and support your business growth in 2025 and beyond.
Your Outside Team
If you run a business in Wellington, it’s time to double-check that your payroll systems are up to date. As of 1 April 2025, the minimum wage in New Zealand has increased, and failing to adjust your systems could lead to non-compliance and financial penalties.
On 1 April 2025, the New Zealand minimum wage increased, and it’s crucial for Wellington business owners to ensure their payroll systems and employee records are up to date. Failing to comply can result in costly penalties and damage to your reputation — not to mention disgruntled staff.
Creating and maintaining a solid business budget is one of the most effective ways to manage your finances and drive business growth. For businesses in Wellington, budgeting isn’t just about predicting income and expenses — it’s a vital strategic tool that gives you control, clarity, and confidence.
From 1 April 2025, New Zealand’s minimum wage will increase, impacting businesses across the country. As an employer, it’s essential to understand how these changes affect your payroll, budgeting, and overall business operations. Here’s what you need to know to stay compliant and prepared.
The good news? There are practical steps you can take to regain control of your time and create a healthier work-life balance.
You started your business to enjoy the freedom of being your own boss — yet somehow, you’re working longer hours and feeling overwhelmed with admin, meetings, and constant demands.
The good news? There are practical steps you can take to regain control of your time and create a healthier work-life balance.
With 31 March fast approaching, now’s the perfect time to prepare for the end of the financial year. Acting early can save you time, reduce stress, and ensure your business is ready to thrive in 2025. If you’d like a checklist to guide you through the process, reach out — we’re here to help.
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