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

 

Clearer employment standards welcomed

Media release

26 March 2015

Clearer employment standards welcomed

Proposed changes to employment standards will make employer requirements clearer, says BusinessNZ.

The Government will introduce an Employment Standards Bill to Parliament this year to clarify employers’ record-keeping requirements and introduce tougher penalties for breaching them.

The requirements for record-keeping wages, time, holidays and leave are currently not consistent across all employment legislation, increasing the risk of breaches of holidays and minimum wage legislation.

BusinessNZ Chief Executive Phil O’Reilly says making the criteria for good record-keeping consistent across all legislation would help employers achieve compliance, and tougher penalties were warranted for deliberate breaches.

He said it was important that the proposed changes did not simply increase red tape for the vast majority of law-abiding businesses, especially small businesses that already shouldered a high compliance burden.

“We will look carefully at the eventual draft legislation to assure ourselves and our members that these aims are delivered effectively.”


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




Barfoot & Thompson: Auckland Rental Prices Inch Up Again, But Upward Trend Could Ease In Coming Months

Data from nearly 16,000 rental properties managed by real estate agency Barfoot & Thompson shows Auckland’s average weekly rent rose by $6.12 (or 1 percent) during the second quarter... More>>

ComCom: Draft Report Says Regulatory System Favours Established Building Products
The Commerce Commission’s draft report into competition in the residential building supplies industry has identified two main factors negatively impacting competition... More>>

Statistics: Annual Wage Inflation Rises To 3.4 Percent
Wage inflation, measured by the labour cost index (LCI), was 3.4 percent in the year ended June 2022, while average ordinary time hourly earnings rose 6.4 percent, Stats NZ said today... More>>

ALSO:



Heartland: Retirees Facing Pressure From Higher Cost Of Living And Increasing Debt In Retirement

Heartland has seen a significant increase in Reverse Mortgages being used to repay debt. Among the most affected by the increasing living costs are retirees, many of whom are trying to get by on NZ Super alone... More>>


APEC: Region’s Growth To Slow Amid Uncertainties And Crises
Economic growth in the APEC region is expected to slow this year amid soaring inflation, a protracted war in Ukraine and heightened uncertainties, on top of the continuing impact of the pandemic and virus mutations that are draining resources, according to a new report by the APEC Policy Support Unit... More>>


Financial Markets Authority: Survey Sheds Light On New Zealanders’ Experiences With Financial Sector
Most New Zealanders are confident in their ability to make financial decisions, but only one-fifth say they are in a secure financial position... More>>