We’ve made a change to the way we calculate your Annual Leave balances
We’ve made a change to the way we calculate your Annual Leave balances
We want to ensure you feel confident you’re calculating Annual Leave accurately, so we’re making some changes to our calculations.
A summary of what you need to know:
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Under the Holidays Act 2003, all employees must receive at least four weeks’ Annual Leave after 12 months of continuous employment.
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To date, most organisations have calculated this in units of hours – e.g. an employee consistently working 40 hours per week, would have 160 hours of annual leave owed to them over a period of 12 months.
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In order to help employers clearly show they are complying with the Act, SmartPayroll is moving to calculating Annual Leave in units of weeks – e.g. the employee above will now see they have four weeks of Annual Leave owed to them.
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