Exciting News! Starting in February 2024, a new median wage of NZD $31.61 an hour will be implemented into the immigration system.
This change will impact various visa categories that have wage thresholds or criteria based on the median wage.
But that's not all - other wage thresholds tied to the median wage will also be updated. This includes the Accredited Employer Visa (AEWV), the Skilled Migrant Category, and certain occupations covered by Sector Agreements and the Green List.
Also, don't worry if you fall under the parent category or the tourism and hospitality industry, as their wage thresholds will be updated separately.
To give businesses ample time to prepare for the change, the median wage will be updated in February following a standard process that was established last year. Statistics NZ will update the wage, giving businesses approximately 6 months to adjust accordingly.
Stay tuned for more information and specific dates from INZ closer to the implementation period.
Source: INZ website