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 updated minimum wage rates are as follows:
These increases are designed to help employees manage rising living costs while ensuring businesses can continue to thrive.
The wage increase will directly impact businesses that employ staff on minimum wage rates, but there are also indirect effects to consider.
To ensure a smooth transition and ongoing compliance:
At Outside Accounting, we can help you prepare for the upcoming wage changes, ensuring your payroll processes, budgets, and cash flow are all set for success.
Get in touch with our team today for expert advice on managing wage increases and maintaining business profitability.
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