Average Salaries In New Zealand

2010 is anticipated to be more positive for people searching for jobs in New Zealand. A high level of caution will remain at the forefront of both candidates and employers given the difficulties over the last 24 months.

The market for employees seeking jobs in New Zealand began well in 2008. The collapse of Lehman Brothers changed everything. The worlds markets began to weaken and employers began enforcing headcount freezes and redundancies becoming a common theme in the workplace. New jobs in New Zealand became scarce and job security became very important.

The New Zealand labour market continued to decline throughout the first three quarters in 2009. Unemployment was at the highest levels since 2000. Salary increases and movement of skilled workers and other candidates were limited.

Since the beginning of 2010, new vacancies and more skilled jobs in New Zealand are again becoming available, with confidence returning to both the Kiwi and world markets.

Many Kiwi firms and organisations are expecting to lift headcount freezes and they are hopeful for fewer redundancies to occur. Benefits for applying and gaining a job in New Zealand include subsidised superannuation, medical insurance and in many cases use of a company car or an allowance for an employee supplied vehicle.

Salaries, wages, and other employment costs are often the most important elements to consider in running a business.  New Zealand salaries and wages are not high by international standards; however they are at a level where middle executives enjoy a pleasant life style. The average wage is around $45,000.

The minimum wage is $12.50 per hour or $500.00 per week. There is a minimum youth rate that must be paid to all young people under the age of 20. The youth rate is around $9.50 per hour. We would comment that less than 3% of the population are employed at these levels and those that are work in unskilled areas.

Other skilled occupations like nurses and teachers with over 10 years experience could expect average earnings to start at around $45,000 to $65,000 per annum. Skilled trade and technical professionals can expect earn around $40,000-$50,000 before taxation.

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Posted by Jackie Cooke on Apr 18 2010. Filed under Business, Featured News, Travel. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry