Fair pay agreements fact sheet

What’s in the fact sheet?

There has been a lot of movement in New Zealand employment law in 2021. The latest changes, announced on May 7, introduced Fair Pay Agreements.

The Fair Pay Agreement is a new model of pay negotiation that will set minimum standards across different industries or occupation types. A decision that’s been four years in the making, it’s being described as one of the biggest changes to NZ industrial relations law in decades.

In the Employers’ version of this guide, we’ll cover:

• What is a Fair Pay Agreement
• Why Fair Pay Agreements are being introduced
• The impact of Fair Pay Agreements on businesses

In the Outsourced Payroll Providers’ version of this guide, we’ll cover:

• What is a Fair Pay Agreement
• The impact of Fair Pay Agreements on your clients
• The impact on outsourced payroll providers
• What happens if your client has multiple Fair Pay Agreements per business

Disclaimer: The information in this article is relevant as at 23 February 2022, and has been prepared by Employment Hero Pty Ltd (ABN 11 160 047 709) and its related bodies corporate (Employment Hero). The views expressed in this article are general information only, are provided in good faith to assist employers and their employees, and should not be relied on as professional advice. The Information is based on data supplied by third parties. While such data is believed to be accurate, it has not been independently verified and no warranties are given that it is complete, accurate, up to date or fit for the purpose for which it is required. Employment Hero does not accept responsibility for any inaccuracy in such data and is not liable for any loss or damages arising either directly or indirectly as a result of reliance on, use of or inability to use any information provided in this article. You should undertake your own research and to seek professional advice before making any decisions or relying on the information in this article.