As employers in New Zealand, staying informed about immigration regulations is pivotal for ensuring a smooth process for your employees and prospective talent. In this blog post, we'll delve into the recent significant changes in the New Zealand immigration system and how they might impact your hiring and workforce management strategies.
New Median Wage Rate:
Commencing in February 2024, New Zealand Immigration is set to implement a notable change—a new median wage rate of NZD $31.61 per hour. This adjustment is a response to the evolving economic landscape in New Zealand and serves as a vital step to uphold the relevancy and integrity of various visa categories.
Updated Wage Thresholds:
In parallel with the introduction of the new median wage rate, most wage thresholds tied to this benchmark will be recalibrated. These alterations will impact visa categories such as the Accredited Employer Visa (AEWV), the Skilled Migrant Category, and specific occupations governed by Sector Agreements and the Green List.
Parent Category and Tourism/Hospitality:
It's essential to note that wage thresholds for the Parent category visas will undergo a separate update. Furthermore, the wage threshold for the tourism and hospitality sector is scheduled for revision in April 2024.
Streamlined Process:
To provide businesses with sufficient time to adapt to these changes, a standardized process was established last year. This process entails an annual update of the median wage in February, allowing approximately six months for businesses to prepare for the transition, based on data provided by Statistics New Zealand.
Stay Informed:
We encourage employers to stay well-informed about these updates by visiting our official website and subscribing to our newsletters. Our commitment is to ensure a seamless transition for everyone involved, and we are here to support you throughout this adjustment period.
Contact Us:
Should you have any inquiries or require additional information, please don't hesitate to reach out to our dedicated support team. We are here to assist you with any questions or concerns.
We appreciate your ongoing support. At VisaMaxNZ, we are committed to making your journey through New Zealand's immigration landscape as straightforward as possible.
For comprehensive immigration advice and assistance tailored to your specific needs, please feel free to contact us today. We are here to help you navigate the ever-evolving immigration terrain with confidence and ease.
