Hotel and casino operator SKYCITY Entertainment Group has pledged that it will pay all of its New Zealand-based staff at least $20 per hour by 2020, a pay increase that will affect nearly half of SKYCITY's 4000 employees in Auckland, Hamilton and Queenstown.
Group Chief Executive Graeme Stephens says that SKYCITY has been considering the move to more sustainable wages for the past 18 months, and has made the decision to implement its strategy now rather than follow behind central government initiatives in this area.
“We know living in New Zealand is expensive, and that the hospitality industry is generally geared to lower wages,” Mr Stephens says. “We have a commitment and a responsibility to sustainable career paths at SKYCITY, and we want our staff to grow their careers with us."
SKYCITY says its the first major listed New Zealand company to commit to a $20-an-hour minimum wage, which the Government has recently signalled it plans to adopt by 2021.