Wages paid by small businesses rose 5.3% in year ended May

Thu, 30 Jun 2022

Wages paid by small businesses rose 5.3% in May from a year earlier, while the number of jobs they provided rose 4.1% in May after a 2.4% increase in April, according to accounting firm Xero's customer data.Xero NZ director of business growth Charlie Nicholls said the data showed small businesses were successfully competing with larger corporations for talent.“These higher wages are helping small businesses to attract more staff in a very tight labour market,” Nicholls said.The largest wage increases were in construction, up 6.6...

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