Increasing the wage thresholds for international skills and talent is unnecessary and will feed inflation, says BusinessNZ Chief Executive Kirk Hope. “In the current environment of extreme skill shortages, high inflation, negative net migration and ongoing global supply chain constraints, further wage pressure on employers announced today does not support...
The Government has failed to listen to business concerns and has doubled down on the worst elements of the Fair Pay Agreements Bill, says BusinessNZ. The Fair Pay Agreements Bill has now been reported back from select committee prior to it being passed by Parliament. While under select committee consideration,...
The latest BusinessNZ Planning Forecast reveals a subdued 24 months of economic growth ahead, despite recent improved signs of activity.The forecast for the September 2022 quarter shows there is still plenty of risk both at home and abroad, with inflationary and geopolitical pressures further hampering New Zealand’s future economic growth.Internationally,...
Skills and labour shortages were the top business concern of 102 businesses surveyed by the BusinessNZ Network in September.
...Winners and losers in NZ-EU FTA Director of Advocacy at BusinessNZ Catherine Beard said while the NZ Government and Officials were able to land some wins for exporters in the newly announced FTA with the EU, it is also a deal that falls well short of our best FTA’s in...
The latest BusinessNZ Planning Forecast reveals business and consumer confidence is low, with factors at home and abroad hampering our recovery. The Forecast for the June 2022 quarter shows global economic recovery post-Covid has taken a hit in both prolonged supply chain disruptions and geopolitical risks driving inflationary pressures and...
The Government’s proposal to introduce compulsory wage bargaining through Fair Pay Agreements has put New Zealand on a Top 40 list for possible prosecution by the International Labour Organisation.
...BusinessNZ says the findings by the ILO regarding the New Zealand Government’s planned Fair Pay Agreements legislation have been misinterpreted by some commentators. The Conclusion reached by the ILO’s Committee on the Application of Standards requested the New Zealand Government to reconsider its Fair Pay Agreements Bill to ensure it...
The ILO has confirmed that it has concerns about the NZ Government’s proposed Fair Pay Agreements legislation and says the Government needs to go back to the table with BusinessNZ and the CTU to ensure that FPAs comply with international law. BusinessNZ Chief Executive Kirk Hope said he was pleased...
