Banking NZ to become Living Wage employers

The banking sector becomes New Zealand’s first fully living wage accredited industry, as announced by Workplace Relations and Safety Minister Andrew Little on Monday 27 July 2020. As a result, incomes of almost 1,800 people will be improved.

“The living wage is currently $21.15 per hour, and will increase to $22.10 per hour on September 1 2020. It is set by an independent group, the Family Centre Social Policy Research Unit, based on the assessed needs of a family of two adults (one working 40 hours per week, and one working 20 hours per week) and two children” – 1 NEWS; Stuff NZ

Read full articles here:

1 News: “Banking sector becomes first-Living Wage accredited industry, improving incomes of almost 1800 people”, published on 27/07/2020

Stuff NZ: “1800 banking sector staff get pay rise as industry commits to living wage”, published on 27/07/2020

Newshub: “Banking sector becomes first to receive living wage accreditation”, published on 28/07/2020.