Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Compulsory Fair Pay Agreements risky for economic growth

Fair Pay Agreements would bring risks to business and the economy, says BusinessNZ.

The Fair Pay Agreements report released today proposes a system of industry-wide collective agreements for New Zealand workplaces.

BusinessNZ was one of three employer representatives on the working group who disagree with key recommendations of the report.

Chief Executive Kirk Hope says the compulsory nature of fair pay agreements and the risk of industrial action and productivity loss are key concerns.

"Being covered by a fair pay agreement would be compulsory for everyone in an industry or sector. We disagree with this and think the decision to enter any employment agreement should be voluntary.

"Fair pay agreements would limit business flexibility, as a collective covering every business wouldn’t be able to meet the needs of individual firms. Businesses that wanted differently would have to negotiate separate agreements on top of their fair pay agreement, and this secondary bargaining would increase the risk of industrial action, as happened with similar rules in the 1970s.

"There would be risks to productivity because everyone would have to attend paid stop-work meetings to agree on their fair pay agreement. All employer representatives on the working group were concerned that about the consequences and costs of this."

Kirk Hope said employers would want to see significant changes to the proposals to address the likely risks to business, jobs and growth.

BusinessNZ contributed to the Fair Pay Agreements Working Group on behalf of New Zealand business and regional business organisations EMA, Business Central, Canterbury Employers’ Chamber of Commerce and Otago Southland Employers Association.

Attached:

Kirk Hope outlines employer concerns with Fair Pay Agreements proposal

Employer preferred approach to fair pay agreements

Full detail re Employer Options for Fair Pay Agreements

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Energy Resources Aotearoa: Doubling Of Coal Use Shows Need For Local Natural Gas

New figures showing a near doubling of coal-fired electricity generation highlight New Zealand’s energy shortage and the need for natural gas as a lower carbon alternative, according to Energy Resources Aotearoa... More>>


E Tu: ‘Sense Of Mourning’ As Norske Skog Mill Set To Close

Workers at Norske Skog’s Tasman Mill now know they’ll be losing their jobs in little over a month’s time.
On Wednesday afternoon, workers were told the mill will be stopping production from the end of June... More>>




Stats NZ: Card Spending Sees Strong Growth In May

Seasonally adjusted card spending rose by $189 million (2.3 percent) between April 2021 and May 2021, Stats NZ said today.
Spending rose across all industries for the first time since New Zealand moved to level 1 in June 2020... More>>


Catalist: NZ’s New SME Stock Exchange, Gets Licence To Go Public

New Zealand has a new stock exchange – designed specifically for small and medium-sized businesses (SMEs) to raise up to $20 million a year from the public.
Called Catalist, the exchange has already been successfully working the private investment sector.... More>>

E-Commerce: Over 40% Of Those Engaged In The Bitcoin Community Are Millennials

Bitcoin has emerged to be a popular topic among millennials with digital currency increasingly being viewed as a potential source of creating wealth through investments. The interest in bitcoin by millennials signals the role this age group plays in the possible realization of the digital currency’s mass adoption... More>>



Stats NZ: New Zealand Is Getting Drier

While there is natural variation in precipitation due to seasons and cycles, New Zealand appears to be getting drier, Stats NZ said today... More>>