Factors that businesses in New Zealand considered as very important in setting wages
2022, % of businesses that set and review the price of their product
| Category | % of businesses that set and review the price of their product |
|---|---|
| Agreements with unions | 4% |
| Retaining hard-to-replace workers | 74% |
| Competing with other firms for staff | 45% |
| Changes in business conditions | 44% |
| Uncertainty about business conditions | 29% |
| Changes in product demand | 22% |
| Changes in productivity | 26% |
| Changes in government regulations | 34% |