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"Resetting Remuneration"

Strategies for ensuring fairness and competitiveness in New Zealand's job market

The economic upheaval following Covid-19 has dramatically affected New Zealand’s job and pay market. This period of wage inflation, labour shortages, and competitive talent acquisition has led to inconsistent pay outcomes, disrupting internal equity and harming productivity. So, what’s the solution?

This comprehensive whitepaper uncovers the strategies behind strategic remuneration and how companies can restructure their frameworks to remain fair and competitive. 

The whitepaper covers: 

• Analysis of how the pandemic has reshaped pay structures, with a focus on the Labour Cost Index's peak. 
• Discussion of the issues of internal equity disruption and the need for market competitiveness in the current economic scenario. 
• Actionable insights on restoring internal equity, ensuring market alignment, and enhancing productivity through equitable pay practices. 

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