Management pay rises outpace workers

The gap between the pay of top chief executives and the staff they manage appears to be growing. In the latest Fairfax annual survey of pay rates at listed companies, the average pay of CEOs in 2012 was 26.4 times that of the average employee in the same companies. That's up from a multiple of 22.5 times in 2011. The survey covered 39 companies on the NZX50, of which 23 had consistent data available for the last three years. Investment [...]

Read more...

Living Wage Campaign Launched

A campaign by the Service and Food Workers Union and supported by more than 50 organisations calling for all New Zealanders to be paid a ''living wage'' will be launched ahead of this week's Budget. The union is concerned there will be little in Thursday's Budget for low-income New Zealanders. A living wage is defined as an income which allows workers and their families to not only survive but participate in society. The launch in Auckland's St Stephen's church in Ponsonby on [...]

Read more...