Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Workers Will Revolt on Pay Hassles

Workers Will Revolt on Pay Hassles

New Zealand employees stand to lose thousands of dollars as payroll clerks take on the extra burden of the new Holidays Act. Many employers are using outdated payroll systems that simply won't cope, warns payroll industry leader Steve Nathan, of Comacc. "Payroll officers will have their workload increased overnight on April 1st ".Many do not have the resources to handle the extra requirements handed down by the Government, through this legislation.

In the current economy where skilled employees are at a premium, he believes pay hassles caused by the changes in the Act will be the final straw for some workers.

"Most people are working predominantly for the dollar," he says. "When government intervention means the dollars are being 'mucked with', employees are going to revolt."

He believes many employers are unaware of the changes the Act will bring into force from April 1st. "There is a significant extra administration component to the new requirements and payroll officers will be tearing their hair out, trying to get to grips with it."

Employers and Manufacturers Association advisory services Manager Peter Tritt also has real concerns about the impact of the new Act.

"We are seeing employers every day who are stressing about what the Act means for them in terms of administration and compliance, but of course we know the Government cares nothing for employer stress or for the extra costs it will impose on employers," he says. "Our Adviceline is fielding thousands of calls from members, and EMA is running seminars around the country, to update employers on their new obligations from April 1st." The EMA has teamed up with Comacc in their efforts to bring employers up to date on the new Act.

Comacc has produced a free 8-page guide to assist employers review their current payroll system, to confirm it will meet the requirements of the new Act. This can be downloaded from www.comacc.co.nz.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news