TechHR
ex
L&D
UNPLUGGED
Sphere
About Us • Contact Us
People Matters ANZ
People Matters Logo
Login / Signup
People Matters Logo
Login / Signup
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

 

 

  • HotTopic
    HR Folk Talk FutureProofHR
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations BigInterview
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
  • About Us
  • Advertise with us
  • Become a sponsor
  • Contact Us
  • Feedback
  • Write For Us

Follow us:

Privacy Policy • Terms of Use

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

People Matters Logo
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast
Login / Signup

Categories:

  • HotTopic
    HR Folk Talk FutureProofHR
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations BigInterview
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
New Zealand workforce struggles with low pay and rising cost of living: Report

News • 10th Jan 2022 • 1 Min Read

New Zealand workforce struggles with low pay and rising cost of living: Report

Compensation & BenefitsEmployee Relations

Author: Drishti Pant Drishti Pant
1.9K Reads
The annual Council of Trade Unions ‘Mood of the Workforce’ survey reveals that working professionals in New Zealand are feeling squeezed from low wages, causing high levels of stress among them.

As per the report, covering over 1500 working professionals in New Zealand, about 70 percent of the respondents say their wages have not kept up with the rising cost of living over the last 12 months. Furthermore, majority of them (63.5 percent) feel they are being paid unfairly for the work that they do. 

Acting CTU Secretary Tali William said, "This shows the impact of New Zealand’s low wage economy and the importance of policies like Fair Pay Agreements, which would set minimum floors across industries for workers' pay and conditions."

Tali added that New Zealand is one of just a few developed countries that is still missing some form of these minimum conditions, and the same is reflected in persistent low wages. "At a time when our local economy needs all the help it can get, low wages mean lower spending in the economy and hurt workers and businesses alike," said Tali. 

With the potential omicron outbreak and ongoing economic uncertainties the future look bleak. 

The report also highlights the increasing rate of stress among working professionals. While the workload and stress increase, the wage growth has been negligible, causing further frustration. 58.8 percent of the respondents shared that their workload is worse than it was 12 months ago and 50 percent said that their work-life balance has worsened over that same period.

The working professionals demand more support from the employers and government to bridge this wage gap. 

Tali added, "This year as we continue to grapple with the pandemic, the Government needs to take steps to rebalance our economy and make sure that working people are paid fairly. 

Read More

Did you find this article helpful?


You Might Also Like

72% workers say securing a pay rise is harder

NEWS • 12th Mar 2025 • 8 Min Read

72% workers say securing a pay rise is harder

Compensation & Benefits#HRTech#HRCommunity
Blackstone CEO Steve Schwarzman earns over $1 bill

NEWS • 4th Mar 2025 • 3 Min Read

Blackstone CEO Steve Schwarzman earns over $1 bill

LeadershipCompensation & Benefits#HRTech#HRCommunity
Pay gap data shows men outearning women by $28K

NEWS • 4th Mar 2025 • 4 Min Read

Pay gap data shows men outearning women by $28K

Compensation & BenefitsCulture#HRTech#HRCommunity
NEXT STORY: Australia's new quarantine rules for critical and essential workers

Trending Stories

  • design-thinking-hr

    Skype is dead: Did Microsoft's leadership let a billion-doll...

  • design-thinking-hr

    From copy-paste to creative spark: mastering generative AI i...

  • design-thinking-hr

    Keeping the C-suite in the C-suite - how do we reduce execut...

  • design-thinking-hr

    Return to office: the legalities

People Matters Logo

Follow us:

Join our mailing list:

By clicking “Subscribe” button above, you are accepting our Terms & Conditions and Privacy Policy.

Company:

  • About Us
  • Advertise with us
  • Become a sponsor
  • Privacy Policy
  • Terms of Use

Contact:

  • Contact Us
  • Feedback
  • Write For Us

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

Get the latest Articles, Insight, News & Trends from the world of Talent & Work. Subscribe now!
People Matters Logo

Welcome Back!

or

Enter your registered email address to login

Not a user yet? Lets get you signed up!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

People Matters Logo

Welcome! Let's get you signed up...

Starting with the absolulte basics.

Already a user? Go ahead and login!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

Let's get to know you better

We'll never share your details with anyone, pinky swear.

And lastly...

Your official designation and company name.