Story image

Potential Holiday Act revamp will ‘remove key business pain point’

30 May 18

'Holidays’ can be some of the busiest times of the year for modern small-to-medium sized businesses (SMBs) and startups.

Not just because holidays often coincide with some of the busiest times of the year, but also the sheer amount of admin that accompanies them.

This is why, according to MYOB, businesses will be happy for any changes to the Holiday Act that make it easier to administer. MYOB says the act is dated as the labour market has changed substantially since the legislation’s introduction in 2003.

Minister of workplace relations Iain Lees-Galloway has a similar view as he has just announced the establishment of a tripartite taskforce to recommend changes to the Holiday Act.

“Businesses have been tearing their hair out trying to comply with the Holidays Act. Owners will be hoping the taskforce’s proposals take the pain out of administering leave entitlements,” says MYOB general manager Carolyn Luey.

“There have been several high-profile examples of both big and small employers being caught out by the Act’s complexity. Business owners will be looking for changes that make it easier to determine exactly what an employee is owed.”

Around a third of the Kiwi workforce are serviced with MYOB payroll solutions and Luey says after reviewing the various situations, complying with the Holidays Act has been identified as key pain point for many business owners.

“Reforming the Act to make it easier to administer will be good for everyone. It’ll make payroll time less stressful for business owners and mean employees less likely to miss out on entitlements,” says Luey.

In fact, MYOB’s recent Business Monitor survey of over 1,000 local owners of SMB enterprises found that 68 percent support reforming the Holidays Act to simplify how leave entitlements are calculated, while 18 percent say calculating and tracking leave entitlements and balances is a key pain point for their business.

“MYOB looks forward to engaging with the Government on this review given any changes that are proposed by the Taskforce and put into legislation will need to be built into our software packages,” says Ms Luey. 

“Technology can take the stress out of administering payroll, if the legislation is easy to interpret and implement. We need a Holidays Act that reflects modern ways of working for New Zealand businesses and employees.”

Report finds GCSB in compliance with NZ rights
The Inspector-General has given the GCSB its compliance tick of approval for the fourth year in a row.
Preparing for e-invoicing requirements
The New Zealand and Australian governments are working on a joint approach to create trans-Tasman standards to e-invoicing that’ll make it easier for businesses in both countries work with each other and across the globe
5c more per share: Trade Me bidding war heats up
Another bidder has entered the bidding arena as the potential sale of Trade Me kicks up a notch.
Hootsuite's five social trends marketers should take note of
These trends should keep marketers, customer experience leaders, social media professionals and executives awake at night.
Company-X celebrates ranking on Deloitte's Fast 500 Asia Pacific
Hamilton-based software firm Company-X has landed a spot on Deloitte Technology’s Fast 500 Asia Pacific 2018 ranking - for the second year in a row.
Entrepreneur reactivates business engagement in AU Super funds
10 million workers leave it up to employers to choose their Super fund for them – and the majority of employers are just as passive and unengaged at putting that fund to work.
Tether: The Kiwi startup fighting back against cold, damp homes
“Mould and mildew are the new asbestos. But unlike asbestos, detecting the presence – or conditions that encourage growth – of mould and mildew is nearly impossible."
Capitalising on exponential IT
"Exponential IT must be a way of life, not just an endpoint."