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Changes to minimum wage rates 1st April 2017

Changes to minimum wage rates 1st April 2017

The Government announced on 24 January 2017 that the minimum wage will increase by 50 cents to $15.75 on 1 April 2017. The starting-out and training minimum wage rates will increase from $12.20 to $12.60 per hour - remaining at 80 per cent of the adult minimum wage. Holiday pay must be paid in addition to the minimum wage. An increase in the minimum wage will not affect an employee's other conditions of employment, unless they agree to the changes.
An employee who is paid less than the minimum wage can complain to a Labour Inspector.

Payroll Outsourcing Explained

Payroll outsourcing can take care of all of your payroll processing requirements leaving you with peace of mind.  Whether you call them a payroll bureau or payroll outsourcing company most will take away what is often considered an onerous task for companies.

What do they do? Well payroll outsourcing companies, or payroll bureaux, usually handle the complete payroll function from data entry, payroll processing, employee banking, producing payslips, reporting and filing IRD reports and payment to the IRD, leaving companies to get on with their core business.

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Uneasy about your payroll? You're not alone

There’s no doubt that some employers have an excellent payroll set up. They have spent the time understanding the legal requirements: The Holidays Act 2003, the KiwiSaver Act 2006, the Minimum Wages Act 1983, the Wages Protection Act1983, Employment Relations Act 2000, and, the Parental Leave and Employment Protection Act1987. They have also been trained in the use of their software so that they make the correct calculations.They also have a backup person in case their payroll administrator is on leave.

However, for many employers this is a big ask.

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Sorting out casual employees

Maybe you have it all sorted. Here a  few suggestion for your checklist.

  • Learn more about
  • Definining casual workers,
  • Holiday pay & Holidays
  • Sick Leave

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Adjusting the Employee Time Clock for Daylight Saving

It is easy to change the time on your Lauranka Time Clock whether you have a Swipe Card terminal, or a Fingerscan Terminal using the Lauranka Time and Attendance software.

Just follow these easy 5 steps

  1. Ensure that the computer has the correct time
  2. On the Main Menu of the Lauranka Time and Attendance system select Comms.
  3. Select Terminal Setup
  4. Select Configure 
  5. Select Download
Congratulations you have now updated the time on your Fingerscan or Swipe Card terminal!

Tips and Traps for 1st April

Some changes for the 1st April 2017 - Some Tips and Traps for Payroll Administrators

Changes to minimum wage rates 1st April

The Government announced on 24 January 2017 that the minimum wage will increase by 50 cents to $15.75 on 1 April 2017. The starting-out and training minimum wage rates will increase from $12.20 to $12.60 per hour - remaining at 80 per cent of the adult minimum wage.

Holiday pay must be paid in addition to the minimum wage.

An increase in the minimum wage will not affect an employee's other conditions of employment, unless they agree to the changes.

An employee who is paid less than the minimum wage can complain to a Labour Inspector.

Read more ...

When can you make deductions from wages?

Generally deductions cannot  be made from an employee's wages, except in the following circumstances:
  • employee has given their written consent
  • provided for in employment agreement
  • court directs that deduction can be made
  • union fees
  • bargaining fee arrangement
  • deductions required by law (e.g. child support payment)
  • collective agreements can set out deductions
  • if board or lodging are provided (15%for board or 5% for lodging)

Read more ...

Welcome changes to PAYE

Most employees will be looking forward to PAYE tax reductions that are coming up. They will take effect on the first payment day after October 1st 2010

  • For Income up to $14,000 the rate reduces from 12.5% to 10.5%
  • For Income up to $48,000 the rate reduces from 21.0% to 17.5%
  • For Income up to $70,000 the rate reduces from 33% to 30%
  • For Income over $70,000 the rate reduces from 38% to 33%

Please note that there is no change to the ACC Levy of 2% which is in addition to the above rates.

If you are one of our payroll outsourcing clients...don't worry we will take care of all the details.

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