There is a warning that most pay rises next year are not going to keep up with the cost of living.

Global consultancy Robert Walters salary survey shows that while most bosses are planning to give pay rises, the vast majority of them will only give between one and 5% despite inflation reaching 7.5%.

Robert Walters Commercial Director Stuart Nash told Heather du Plessis Allan that businesses "simply can't afford" to pay their staff more.



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There is a warning that most pay rises next year are not going to keep up with the cost of living.
Global consultancy Robert Walters salary survey shows that while most bosses are planning to give pay rises, the vast majority of them will only give between one and 5% despite inflation reaching 7.5%.
Robert Walters Commercial Director Stuart Nash told Heather du Plessis Allan that businesses "simply can't afford" to pay their staff more.
 
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.