Because you can't afford to get your holiday payroll wrong.
New Zealand's Holidays Act 2003 is complex. If you suspect your business isn’t compliant, you could be in for a nasty surprise.
In 2019, a workers' union suggested that McDonald's could owe around 60,000 staff up to $90 million in holiday pay arrears. And in 2016, NZ Police found they had over $33 million to pay in bungled holiday and leave entitlements.
These are just two examples of why it pays to use an independent remediation service to get your payroll right, first time.
NZ’s confusing Holidays Act doesn’t make compliance easy. Your payroll team needs to not only fully understand the factors required to meet the legislation, but have a correctly configured payroll system, and the capability to manage the complexities of calculating annual leave, variable hours and contracts, allowances, commissions and more.
With Fusion5’s Remediation as a Service (RaaS), you can avoid making the news headlines, for all the right reasons.
"Fusion5 helped our team understand and overcome the complexities of holidays act remediation and compliance. Our current supplier didn’t have the expertise needed to help us review leave compliance, extract and calculate historic payroll data. After hearing about Fusion5’s Holidays Act ‘remediation as a service’ we got in touch with their team, who expertly guided us through the process and provided a highly skilled remediation consultant and calculation software which allowed us to fully understand and remediate historic leave calculation issues. The calculations and interpretation of the act turned out to more complicated than the team anticipated, and we are pleased to have had the support from a team of payroll remediation experts"
Greg Clarke | CEO, Health New Lynn
“Kāinga Ora has been working to correct issues that have led to some current and former employees receiving incorrect payments under the Holidays Act 2003 (the Act). Kāinga Ora chose Fusion5’s team of remediation payroll consultants to support the organisation in accessing, understanding and calculating remediatory payments to be made to current and former employees. Overall, Kāinga Ora found Fusion5’s remediation team to be knowledgeable, professional, helpful and able to provide expert advice which allowed us to successfully complete a very challenging project.”
Learn more about Fusion5's Remediation as a Service (RaaS) with this handy infographic and see how it can benefit your business.
