How To Calculate Your Wage Shortfall
Follow the below equation...
How many full-time staff do you have (working more than 20 hours per week) x the NZ Government announced rate of $585.80
How many part-time staff do you have (working less than 20 hours per week) x the NZ Government announced rate of $350.00
What is the total of a. + b.
What is your weekly wage bill x 80%
What is the difference between c. and d., this is your weekly wage shortfall
Download THIS Excel Template to help you work out your wage shortfall.
Ensure you have read the latest conditions for receiving the Wage Subsidy HERE.