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


Kiwi Payroll Company’s Compliance Bet Pays Off As Others Announce Errors

Wellington-based online payroll company FlexiTime has had a huge risk pay off, with their innovative, recently-developed payroll system, PayHero, proving compliant with tricky Holidays Act legislation, amid recent announcements of errors in other larger providers’ systems.

Australian-owned MYOB has admitted holiday calculation issues in a range of its products, creating headaches and potentially large bills for many small and medium businesses across New Zealand. Announcements of errors in other payroll providers are expected to emerge due to the fact that accruing leave as a method of calculation is still being used as the industry standard.

FlexiTime developed their system PayHero, following guidance from MBIE in 2017 on how the Holidays Act should be handled by payroll providers. A lone voice at the time in changing things from the way they had always been done, FlexiTime now has a system that works for Kiwi businesses who want to make sure they are accurate and compliant.

FlexiTime CEO Robert Owen said the updated MBIE guidance provided clarification on a lot of grey areas in the Act and it was clear to FlexiTime then that the accrual method was problematic.

“While it was a big and risky decision, in many ways it was actually quite easy as the single most important thing to us is helping companies pay employees right. We spent 18 months building a new payroll system, PayHero, from the ground up,” he said.

“We invested a huge amount of money and went against the grain. It’s been quite tough going with many thinking we must be wrong because other payroll systems calculate leave in a different way.”

Now though, FlexiTime’s approach has paid off, with PayHero offering peace of mind to any New Zealand business that is concerned their current system may not be handling leave correctly, Owen said.

“While other providers are scrambling to patch fixes into their products, we have a product available right now that handles leave correctly in line with the Holidays Act 2003 and the latest guidance from MBIE”.

FlexiTime can also help businesses reassess any historical issues with their employee leave entitlements from other systems so they can move forward confident that they will be paying employees right, Owen said.

PayHero, which is an intuitive cloud-based system, has the capacity to be scaled according to demand, and can handle any number of Kiwi businesses who want to use it. Currently FlexiTime has more than 4,000 customers, who have been onboarded through a simple process, with setup often able to be completed in a single day. ENDS

For more information visit:

About FlexiTime

Founded in 2008, FlexiTime is a New Zealand technology company that builds software solutions to simplify employment. Across a range of products and markets, the FlexiTime team is focused on streamlining and automating the complex, repetitive, and tedious day-to-day requirements of running a business. The company's products include online payroll, timesheets, invoicing, and rostering software.

FlexiTime's flagship payroll product, PayHero, makes payroll simpler and more intuitive for New Zealand employers and their employees. PayHero is a payroll software system focused on compliance that follows the very latest Holidays Act guidance from MBIE. Incorporating online timesheets, employee self-service, leave management and automated payday filing, PayHero provides payroll solutions for businesses with casual, part-time, and temporary employees.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Mining: OceanaGold Announces Receipt Of WKP Mining Permit

MELBOURNE, Australia, Aug. 6, 2020 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the 'Company') is pleased to announce it has received the mining permit for Wharekirauponga ('WKP') on the North Island of New Zealand. ... More>>


Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>


NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>


Banking: Westpac NZ Lowers Merchant Fees For Small Businesses

Westpac NZ is rolling out a new merchant fee pricing structure that will lead to cost savings for more than 10,000 small and medium Kiwi businesses, and could make contactless transactions more widely available for customers. On 1 September, most ... More>>

REINZ: Million Dollar Plus Property Sales Increase 11.7% Nationally

The number of properties sold around the country for one million dollars or more during the first half (H1) of 2020 increased by 11.7% compared to H1 2019, with 5,426 million-dollar plus properties sold (up from 4,858 in H1 2019) according to the Real ... More>>

Waste: Government To Regulate Plastic Packaging, Tyres, E-Waste

The Government is stepping up action to deal with environmentally harmful products – including plastic packaging, tyres and e-waste – before they become waste. As part of the wider plan to reduce the amount of rubbish ending up in landfills, ... More>>


Antarctica NZ: Ice-Olation

Antarctica New Zealand is gearing up for a much reduced season on the ice this year and a very different deployment to normal! Before they head to one of the remotest places on the planet, all personnel flying south with the New Zealand programme will ... More>>


QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>


Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>


FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>