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Westpac became an employee of Living Wage.
Westpac has become an accredited employee as a "living salary", becoming one of the three major private corporations just to do so.
It is not a big change for the bank, which has paid workers who directly used more than the minimum wage of $ 20.55, which has no legal position and is established by the non-profit organization Living Aotearoa.
But the movement will mean that the personnel of companies that provide work to Westpac will have to pay to their workers the minimum wage, including the cleaning and the guards of security of the bank.
Although the minimum wage is currently much higher than the minimum wage of $ 16.50, this will change as the government progressively raises the minimum wage to $ 20 per hour in 2021, a move that national leader Simon Bridges criticized "too much fast ".
* Employers refuse to recommend the proposal to force all fair payment agreements
* Government to raise the minimum wage to $ 17.70 per hour next year
* Not all companies oppose the minimum wage
* The perfectly imperfect commitment that no one loves
Although there are about 60 private companies with an accredited minimum wage, there are very few large corporations that are.
While younger entrepreneurs like Raglan Coconut Yoghurt and Fix & Fogg Peanut Butter embraced the scheme, AMP and Vector are the only other great entrepreneurs who have guaranteed the accreditation of the Living Wage Movement Aotearoa NZ.
Former Minister of the National Party's office, Simon Power, now the general director of banking and consumer wealth of Westpac, said: "We want to lead by example. We already paid our staff a decent salary and now we want to extend this to contractors and suppliers ".
"In short, we think that it will benefit the economy and our business. But above all, we think this is correct.
"These workers play an important role in our daily operations and we value their efforts.
"As a great and influential businessman, with a presence throughout the country, paying a minimum wage is a way to help increase living standards."
The movement will see about 480 gaining salaries with wage increases that will be held in 2019, 2020 and 2021.
"The main contracting areas and providers that are within reach to receive the salary are commercial cleaning services, security guards, restoration services, maintenance services and pest control," said Westpac's chief operating officer, Leanne Lazarus.
The National Wage Movement Agent Aotearoa NZ,
Annie Newman of Living Wage Movement Aotearoa NZ, invited other major entrepreneurs to follow Westpac's example.
"We always ask the rich corporations that lead the way of the minimum wage and congratulate Westpac for giving an example to many other companies that should continue their leadership."
There were more than 100 employees, including the City Council of Wellington, who are entrepreneurs accredited by wages.
The announcement of Westpac comes after the release of the report of the working group on how fair laws can be proposed by the Government.
The idea of equitable payment agreements is that defined sectors or occupations would reach agreements on minimum standards that should be applied to all entrepreneurs, which were higher than the minimum ones legally allowed.
The business groups that represent entrepreneurs are opposed to proposals for fair compensation.