The Living Wage explained
The living wage ensures basic needs are met and is calculated based on local costs. The minimum wage is the legal minimum base pay for all employees. NZ's minimum wage is based on inflation rates, while the living wage factors in specific local costs. The key difference between the minimum wage and the living wage is that Employers must adhere to minimum wage laws, but the living wage is optional.
Other glossary terms
90 day trial period Absenteeism AI for Small Businesses Annual Leave Accrual NZ Annual Leave Cash Up Behavioural Interview Questions Bereavement Leave Bereavement Leave Entitlement Break Entitlements NZ Breaks at Work Casual Employment NZ Celebrating International Women's Day Crucial Difference between Leaders and Managers Difference Between Performance Management and Disciplinary Action Difference between Permanent vs. Casual Employment Directing An Employee To Take Annual Leave Documents to start a Hospitality Business EAP Services NZ Effects of Labour's Victory for Employers Employee Assistance Programmes Employee Fatigue During Rugby Season Employee Onboarding Checklist Employee Rights NZ Employee salary and wage payment Employer Practices for a Successful New Year Empowering Female Entrepreneurs Empowering Women at the International Womens day 2023 Environmental, social, and governance (ESG) Essential Health and Safety Information for Employers Fake Medical Certificate NZ Final Pay Fixed Term Contract NZ Garden Leave Getting sick frequently. Sick leave policy Guide for Employee Termination Handling Redundancies for Employers Handling Workplace Conflict Health and Safety at Work Act 2015 Summary How to Manage Union Right of Entry HR contribution to business excellence HR Day for Small Businesses HSWA 2015 Importance of a good job description Importance of workplace dress code Improving workplace attendance Improving workplace culture Increase in minimum wage in NZ Keeping in Touch Hours NZ Leadership Qualities Of A Good Leader Long Service Leave LWOP Maintaining Workplace Hygiene Managing Absenteeism in the Workplace Managing Alcohol and Drug Testing Managing Favouritism in the Workplace Managing sick leave of employees Managing stress levels at the workplace Managing Workplace Romance Mental Health for Frontline Healthcare Workers Mental health for small business owners Mental Health Leave NZ Minimum Wage Increase New Laws in Effect for 90-Day Trial Periods New Minimum Wage in New Zealand New Zealand Workplace Updates: Pay Equity and Domestic Violence Leave NZ Holidays Parental Leave Pay NZ Partner's Leave NZ Personal Grievance Process NZ Post-Election Workplace Dynamics Prioritising Mental Health in the Workplace Probation Period NZ Proposed Changes to Workplace Relations Public Holiday Pay Public Holidays NZ Qualities Of A Good Leader Restraint of Trade NZ Small Businesses Celebrate Matariki Day Statutory Holidays NZ Supporting mental wellbeing of remote employees Tackling Presenteeism at workplace The Living Wage explained Tips and Tricks during Probationary Periods Training Wage NZ Wages Waitangi Day Holiday Entitlements Warning to small business owners What is Annual Leave Work From Home Obligations Work Life Balance Working From Home Checklist Workplace Consultant's Perspective Workplace Health & Safety Checklist
