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

 

NZ’s Short-Term Absence Payment A Step In The Right Direction

The new short-term absence payment is a welcome initiative that will take some strain off business owners doing it tough during the pandemic, according to Employsure, New Zealand’s largest workplace relations advisor.

The $350 payment will allow employers to keep paying eligible workers who cannot work from home and need to miss work to stay home while waiting for a COVID-19 test result (in line with public health guidance). It also supports the parent or caregiver of a dependant who is staying home while waiting for their COVID-19 test results as well as household members or secondary contacts of someone who is a close contact of a person with COVID-19.

“Any initiative that can help business owners get back on their feet easier is welcome, considering everything that has occurred over the past 12 months,” said Employsure Advice Services Leader Gabby Adds.

“This is not just something that will benefit employers and employees financially. It will also help minimise the chance of spreading infection in the workplace, should a worker contract COVID-19, the flu, or similar.”

The one-off payment is available to all registered businesses, sole traders, self-employed people, registered charities, incorporated societies, non-government organisations, or post settlement governance entities. It applies to a range of employment types, including full-time, part-time, casual, and fixed-term contracts.

Employers will need to sign a declaration, and can only apply once in a 30-day period for each individual employee, unless otherwise directed by health advice.

Under the scheme, if an employee takes their entitled sick leave to self-isolate, the $350 must be paid towards the worker’s normal salary or wages.

If however, the employee has used up all of their sick leave, their employer should try to pay their employee as if they had worked that day (using the $350 to assist this), but if that is not possible, they must pay at least the full $350 to the employee. If the employee's usual wages are less than or equal to the subsidy, the employer must pay the employee their usual wages, and carry over the difference to help pay other affected staff.

“While we’ve done extremely well in dealing with the virus here in New Zealand, occasionally cases have fallen through the cracks. It’s at these times testing becomes all the more important,” continued Ms Adds.

“This payment will incentivise employees to be more honest with their employers if they feel sick and are awaiting a COVID-19 test result, without the fear of missing out on being paid.

“Business owners have a key role in helping restart economic growth in the country. I believe small short-term payments are a step in the right direction that will help put us back on track,” she concluded.
 

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>

Sci-Tech: Perseverance Rover Lands On Mars – Expert Reaction

NASA has landed a car-sized rover on the red planet to search for signs of past life. The vehicle has more instruments than the four rovers preceding it, and it’s also carrying gear that could help pave the way for human exploration of Mars. The ... More>>

ALSO:


ASB: Quarterly Economic Forecast Predicts OCR Hike As Early As August 2022

Predictions of interest rate rises have been brought forward 12 months in ASB’s latest Quarterly Economic Forecast. Chief Economist Nick Tuffley now expects the RBNZ to begin raising the OCR from its current level of 0.25% as early as August ... More>>

Real Estate: House Price Growth Rates In Hawke’s Bay Skyrocket Ahead Of Rest Of New Zealand

Hawke’s Bay is leading the property ‘pack’ proving a post lockdown land of milk and money, continuing to outstrip the rest of the country with the highest annual growth rate in house price values. But experts warn an overheated market is fast ... More>>

ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>

OECD: Unemployment Rate Stable At 6.9% In December 2020, 1.7 Percentage Points Higher Than In February 2020

The OECD area unemployment rate was stable at 6.9% in December 2020, remaining 1.7 percentage points above the level observed in February 2020, before the COVID-19 pandemic hit the labour market. [1] In December, the unemployment rate was also stable ... More>>

Stats NZ: Unemployment Drops To 4.9 Percent As Employment Picks Up

The seasonally adjusted unemployment rate dropped to 4.9 percent in the December 2020 quarter, from 5.3 percent in the September 2020 quarter, Stats NZ said today. Last quarter’s unemployment rate of 5.3 percent followed the largest increase observed ... More>>