Understanding the business impact of the new median wage in immigration policies

Understanding the business impact of the new median wage in immigration policies

Here are some important updates on median wage announcements and their potential impact on your business, particularly concerning the hiring and retention of visa holders.
Effective February 28, 2024, Immigration New Zealand (INZ) has officially adopted a new median wage rate of $31.61

Navigating immigration policy changes: Preparing for the median wage increase

Navigating immigration policy changes: Preparing for the median wage increase

You can listen to this automated AI version of the article here: Contents: Key points and recommendationsRecruitment impactPre-emptive actionExisting staffResidence pathwaysTime is running out before the wage increase takes effect. It’s recommended that you act quickly to prevent financial stress for your migrant workforce and to streamline the transition.Key points and recommendations:1. Recruitment impact:   – Hire new…

How to get ready for the median wage increase in 2024

How to get ready for the median wage increase in 2024

You can listen to this automated AI version of the article here: Contents: Which visa categories are impacted by the median wage increase?How else could the median wage increase affect your business? Immigration New Zealand has announced that the median wage will increase from $29.66 to $31.61 in February 2024.This 6.6% increase is significant, and there…