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How To Calculate Your Wage Shortfall

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Follow the below equation...

 

  1. How many full-time staff do you have (working more than 20 hours per week) x the NZ Government announced rate of $585.80

  2. How many part-time staff do you have (working less than 20 hours per week) x the NZ Government announced rate of $350.00

  3. What is the total of a. + b.

  4. What is your weekly wage bill x 80%

  5. What is the difference between c. and d., this is your weekly wage shortfall

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Download THIS Excel Template to help you work out your wage shortfall.

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Ensure you have read the latest conditions for receiving the Wage Subsidy HERE.

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