Calculating base salary – Work to Residence (talent) visa
Early last year, we shared with you our observation on Immigration New Zealand (INZ) toughening their approach on calculating wage/salary rates to assess skill levels, especially in the Essential Skills work visa category. In that update, we advised that we were also seeing INZ apply this approach to the Work to Residence (Talent) visa policy.
Fast forward a year; our team has noted a significant increase in employers choosing to become accredited and consequently seeking to use the Work to Residence (Talent) policy for their employees instead of the Skilled Migrant Category, which was significantly tightened in 2017. With the increasing activity and interest in this visa category, we have received numerous requests for guidance and clarification on the applicable policy, and often, how to calculate the minimum base salary to ensure compliance.
As most employers will be aware, the Employer Accreditation, and consequently, the Work to Residence (Talent) visa scheme is a great tool for employers, even those with only a small number of migrant staff. This is because it offers workers a residence pathway while at the same time encouraging retention of the staff member for at least 24 months...