Minimum wage act is the body of law which prohibits employers from hiring employees or workers for less than a given hourly, daily or monthly minimum wage.
New Zealand was the first country to implement a national minimum wage, enacted by its government through the Industrial Conciliation and Arbitration Act 1894.
There are three minimum wage rates:
1) Adult
2) Youth (New entrants)
3) Training
From 1 April 2010, the minimum wage for employees aged 16 years and over is $12.75 an hour before tax.
Below graph shows changes in minimum wage for Adult and Youth over last 13 years.
Below graph shows changes in minimum wage for Adult and Youth over last 13 years.
ooh, this graph looks really good. Is there a reason why you have excluded Training wage from your graph ?
ReplyDeleteThank you for your comment. Yes there is reason : there is no training wage data available for 1997-2002 years.
ReplyDeleteInformative blog! A Human Resources are focused for those benefits, compensation, employee motivation, communication, administration, performance management, hiring, training , safety, wellness, and organization development. In fact after reading, I had to go show it to my friend and he enjoyed it as well!. Keep sharing!.
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