Our expat and migrant clients relocating for roles in NZ often ask us for an overview of the HR landscape in New Zealand. So, we’ve collaborated with Kiwi HR Leader (and former expat), Wendy Baker - Group HR Manager, Brosnan Limited, to put together this guide.
Are there minimum wage agreements for each industry?
Minimum Wage requirements – for all New Zealand. Current minimum wage rates » Employment New Zealand
Some industries have agreements, such as the public sector departments, e.g. teachers and nurses.
The Living Wage is a recommendation but is not officially legislated.
What does the remuneration package generally include? More base salary, STI or LTI oriented?
Generally, junior level employees have a base salary only. Short term incentives tend to be applicable for mid-level employees, while long term incentives tend to be more prevalent in senior level remuneration packages.
What benefits do employers offer in terms of sickness, provident fund and pension?
Minimum medical leave is legislated – additional medical leave on top of that is at the employer’s discretion. Sick leave » Employment New Zealand
New Zealand’s provident fund is called Kiwisaver, a voluntary retirement savings scheme. This is not compulsory for employees, however, the incentive for those who do opt in is employer matching to 3% of gross pay along with a government funded lump sum if savings criteria is met. KiwiSaver (ird.govt.nz)
New Zealand’s government funded pension is called New Zealand Superannuation and eligibility criteria apply. New Zealand Superannuation - Work and Income
What is the policy on paid leave and public holidays?
Minimum requirements are set out in legislation. Leave and holidays » Employment New Zealand
Are there any seniority-related benefits?
Depends upon the company or employer, but typically yes, employees will be eligible for more benefits as they become more senior in an organisation.
Is gender equality important in New Zealand?
Yes, although not as enshrined in legislation as Australia with their equal pay legislation. In New Zealand it is covered by the Human Rights Act 1993 under discrimination. Discrimination when hiring » Employment New Zealand
Are there any policies or programs to support work-life balance?
This tends to be employer based although there are legislated mechanisms to try and protect employees, such as mandated breaks and flexible working requirements Flexible work » Employment New Zealand
Are there any tax benefits linked to remuneration?
Not so much benefits as additional taxes! Handling taxes with bonuses and benefits — business.govt.nz
How is learning managed and delivered by NZ employers?
There is no legal requirement for learning (the exception being qualifications that are necessary for a role), however most employers see the value of learning and will be supportive, as much as they can. Larger employers will be big enough to have an individual or team focused on learning and development within the organization and may offer programmes such as tuition/study reimbursement (full or partial) and/or time off.
___________________________________________________________
Bridget is a New Zealander who has lived and worked as a diplomat in Singapore and India. After experiencing all facets of the relocation experience, she founded Mobile to work with private individuals moving to NZ and leading local and international businesses bringing in offshore talent.
Mobile Relocation connects you with what you need to thrive in New Zealand.
Contact us today to talk about how we can carry your relocation burden.
Ready to move to New Zealand? Get our FREE Move to NZ Checklist.