Summer holidays can be confusing when it comes to calculating staff leave. Business.govt.nz offers some guidance to business owners and employers. Find information on this topic here - Paying your employees for leave. Summer holidays are here, so now is a good time to make sure you’re on track to pay your employees for any leave they will be taking. Calculating holiday pay correctly is straightforward when you’ve got the right systems in place, such as: - Accurate, up-to-date time and wage records.
- The correct calculations, using the right data.
Cashing-up annual leave (also called annual holidays) is the process of exchanging unused annual leave for cash. Employees can ask to cash-up up to 1 week of their 4-week annual leave entitlement per year, as long as they: - Submit a written request to the employer.
- Have completed 12 months of employment.
If an employer agrees to pay out some of the employee's annual leave, they need to pay as soon as they can, and the payment must be at least the same amount as if the employee had taken the time off. Learn more at business.govt.nz. |