Keeping employees during the 'big quit'
Since 2021 and the lessening of the effects of the Covid pandemic, many countries have experienced an increase in staff turnover and lost productivity. This is informally referred to as ‘the great resignation’, ‘the big quit’, ‘brain drain’ and ‘quiet quitting’.
Minimum wage increased on 1 April
The adult minimum wage increased to $22.70/hour on 1 April 2023.
The government says it will review the minimum wage rate later this year.