Factsheet: How does Employment Hero Payroll comply with the Holidays Act (2003)?

We know it’s important that your payroll software complies with the Holidays Act (2003). As a foundational piece of legislation, the Holidays Act makes a huge impact on how payroll and leave is managed in a business. Having payroll software that aligns with those regulations can greatly support businesses in getting their payroll completed accurately and effectively. Employment New Zealand has provided a guide on how payroll platforms can comply with the Holidays Act 2003. We’ll be highlighting the key sections from this guide and describing how Employment Hero Payroll accounts for these in practice. The topics include:

• Annual holidays entitlements
• Paid annual holidays as pay-as-you-go
• Moving the anniversary/entitlement date for annual holidays
• Public holidays
• Transferring public holidays
• Alternative holidays
• Sick and bereavement leave entitlements
• Employees on a casual employment agreement
• Payment rates
• Annual holidays – parental leave
• Annual holidays paid out
• Worked public holidays
• Formulas and definitions
• Recording employees’ work patterns and renumeration
• Paying entitlements on termination

Download the factsheet for a complete breakdown of how Employment Hero Payroll meets Employment New Zealand’s requirements.