NEW market rate assessment tools
What is the market rate and why is it important?
When offering a job to a migrant, the salary offered must not be less than the New Zealand market rate for that occupation. The market rate is the rate of pay required to recruit a New Zealand citizen or residence class visa holder to do the equivalent work.
How are market rates assessed by Immigration New Zealand
When determining whether a market rate requirement is met, an immigration officer will consider factors like, the location of the role, the period of the employment, the training and experience needed to do the job and will use industry salary guides / tools.
Appropriate market rate sources
Immigration officers will now use the Tahatū Career Navigator as their primary source when assessing market rate as part of a job check application. Other salary guides may be considered too as part of the assessment process. These are:
| 1. Tahatū Career Guide | 2. Seek Salary Guide |
| 3. Hays Salary Guide | 4. TradeMe Salary Guide |
| 5. Federated Farmers Salary Guide | 6. Absolute IT Salary Guide |
If your Talent Acquisition team needs assistance with understanding how the market rate assessment is applied in practice by Immigration New Zealand, please get in touch with us at admin@corporatevisas.co.nz