20 Nov 2009

Salaries continue to rise

2:18 pm on 20 November 2009

A new survey shows the world financial crisis hasn't dampened salary rises in New Zealand yet, but may begin to have an effect soon.

The survey, by Mercer Consulting, shows overall salary increases were unabated at around 5% during the past year.

The public sector outpaced private sector salary growth, rising by 5.3% compared to the private sector's 3.8%.

Across the board, salary growth is expected to fall to around 2% over the next 12 months.