NiuSky Pacific Limited (NSPL) is in the process of reviewing the salary structure for its employees to improve the wages of its hardworking workforce nationwide.
This was revealed by the NiuSky Acting Managing Director (MD), Mr. Graham Blythe when stating that this has been catered for under the newly launched 2025- 2027 Corporate Plan, which was launched along with the Strategic Direction 2025- 2030 on Tuesday 22nd October in Port Moresby city.
“So, we’ve had a thorough review of salary structure, the staff have not had a pay increase since 2019. So, looking at the state of the economy and the world in terms of inflation and the cost of living, we’re now in a process of putting in a salary increase,” the Acting MD said.
Captured under the Workforce Enhancement under the Strategic Portfolio Plan, it states that the current salary structure that is used to renumerate staff is the Hay Salary Scale, and a comprehensive Job Analysis and Evaluation will enable NSPL to provide an updated, more aligned Salary Scale for NSPL based on market analysis in PNG and Australia. The implementation is planned for the fourth- quarter of 2024.
It is not only the Salary structure of NSPL staff that is being looked at; housing and vehicle schemes are also covered for in this Corporate Plan.
“We’re also looking at vehicle ownership and home ownership in the NSPL plan,” Mr. Blythe said.
The Company Assisted Housing Schemes aim to support employees achieve their homeownership aspirations by NSPL providing interest- free loans to cover the equity required for obtaining home loans from banks, whilst employed with the company. They are:
· Home Equity Loan Assistance Scheme (HELAS)
· NiuSky Housing Development Scheme
In terms of vehicle ownership, the purpose of the Vehicle Ownership Scheme is to ensure the provision of reliable transformation solutions for NSPL management and staff. Recognizing the importance of accessible transportation for employees, this scheme establishes a framework for facilitating access to motor vehicles.
By implementing this scheme, the NSPL aims to enhance employee satisfaction, productivity, and mobility, ultimately contributing to a positive work environment and organisational success.