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% |