With Labour, NZ First & Greens coalition government, New Zealand's employment law is about to receive a shakeup!
Its never easy to balance to rights and obligations of employers and employees (& contractors) but eventually, it all ends up on the cost of the product or service the end-user buys. Gone indeed are the days when the end-user is forced to pay the said price. With opening of trade, too high a cost of production and distribution, makes the product or service uncompetitive relative to imports and too low a price, makes it uneconomical to produce relative to other investment opportunities.
It is likely we will see a mixture of the below proposals implemented in the coming years. Employers will need to be alert to these proposed policies and be ready for change and we will be there to assist as needed.
To give you a flavour of what may transpire, we list below the campaign promises made by the above three parties. The information has been collated from individual party websites and articles written by employment law specialists.
The Labour Party’s campaign manifesto states it would:
The Labour Party’s campaign manifesto also proposed that within the first 12 months it would:
The New Zealand First Party proposed to:
The Green Party proposed to:
The key message here is that employment law is about to get a shakeup. We expect consultations with stakeholders but its likely the full import of these policies will only be truly understood when the wordings of the proposed law changes are available. We're not sure how much of this will be implemented the 3 years to next election but chances are that the changes will start to come through in year 2. We do recommend you connecting with employment law specialists and consider impact on your business. We at Core Business services are able help you with modelling the changes to work out the impact on your bottom line.
The above publication discusses business issues generally and is not intended to be specific advice. Whilst every effort has been made to provide valuable, useful information, Core Business Services Ltd, any related suppliers, associated companies & practices accept no responsibility or any form of liability from reliance upon or the use of its contents. Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only. Please do consult with your advisor or call this firm for information / advise specific to your circumstances before finalising any particular course of action.