The smartest way to recalculate your
holiday pay
Do holiday pay issues affect your business?
Holiday pay in NZ is complex
The Holidays Act (2003) is inflexible when applied to a lot of kiwi businesses, primarily due to complex working patterns and employee allowances.
As a result, a large number of businesses have unintentionally been incorrectly paying their employees due to misconfigured payroll systems when interpreting the Act.
Resolve is here to help you recalculate, reset and comply.
Your holiday pay specialists
Resolve specialises solely in holiday pay remediation.
Our team of consultants, auditors and data analysts have years of experience resolving holiday pay issues across a breadth of industries and payroll systems.
Resolve works with employers, advisers and unions to help settle past holiday pay miscalculations and assure future compliance with the Act.
Our Complete Resolve solution provides support and guidance throughout the entire engagement and includes payroll audits, payroll reconfiguration recommendations and recalculations.
If you are a small business (less than 20 employees) our Small Business solution will provide you with self-guided tools and online or phone support for you to complete your holiday pay review. Resolve will then undertake detailed recalculations on your behalf.
Resolve also provides a Recalculation Only service. This solution is particularly suited to businesses and professional service firms who have access to their own holiday pay advisers, but are wanting to outsource the risk and lengthy manual time commitment involved in completing the necessary recalculations.
The Resolve difference
Specialists in holiday pay
Enterprise solution for professional service firms
Gain assurance you comply with the Act
Reliable and flexible
Experience across industries and payrolls
All calculations completed in NZ
Solutions tailored to your requirements
1)
Complete solution
Resolve provides a complete end to end solution to help employers identify holiday pay issues, establish a framework for application and undertake the recalculations necessary to resolve prior issues.
This solution includes a holiday pay payroll audits, reconfiguration recommendations and recalculations.
This solution is particularly suited to businesses who are wanting to manage the process in-house, but do not have access to experienced holiday pay advisers.
2)
Recalculation only solution
This service is particularly suited to businesses who have access to their own human resource services or holiday pay advisers, but are wanting to outsource the risk and lengthy manual time commitment involved in completing the necessary recalculations.
Employers, with their advisers, provide the framework for recalculations, and Resolve processes all relevant employee recalculations within this framework.
This solution can also be provided in conjunction with other third party holiday pay consultants.
3)
Accredited partner
Resolve supports accounting, consulting and legal firms advising in the holiday pay industry.
Our Accredited Partner solution provides professional services firms access to our team of data analysts and payroll recalculation tools - outsourcing the risk and lengthy manual time commitment involved in completing all recalculations.
This solution is particularly suited to professional service firms seeking to extend their client service offering.
$2 billion
estimated amount of back payments owed
33%
of NZ employees likely to be affected
$2,250
estimated average repayment per employee
5
types of holiday leave in the Holidays Act
6
years of recalculations required
The holiday pay headache
The Holidays Act (2003) is the central piece of legislation that outlines leave entitlements to employees in New Zealand. Included in the Act is the approach to calculate and pay employees for annual leave, domestic violence leave, sick leave, bereavement leave, alternate day leave, public holiday entitlements or any other leave taken.
Whilst these calculations are not necessarily complicated, they can be complex. Errors often occur by using payroll systems that are not fit for purpose or that are incorrectly configured to meet the Holidays Act's requirements.
Issues are most prevalent for employees who have irregular working patterns; work overtime; and/or receive commissions, bonuses or other allowances.
The implications from incorrectly calculating holiday pay can be significant. Not only might an employee have been paid too much or too little; there are also flow on effects to PAYE, KiwiSaver, Working for Families and Student Loans, along with breaches to individual and collective employment agreements.
Employers have a legal responsibility to fix these issues and comply with the Act. This process includes identifying and resolving issues with payroll systems, aligning all past and future payments with employment agreements and the Act; and calculating all past and present employee entitlements for a period up to 6 years (requiring 7 years of data).
In some circumstances this could mean over 300 calculations for an individual employee with cumulative and flow on effects.
Payroll systems we are experienced in
What our clients say
"A great experience for what was otherwise looking like a daunting task. Would highly recommend for any busy business owner looking to get on top of their holiday pay"
Trevor - Hamilton manufacturing business
"Resolve has been an excellent partner support for scaling up our business"
Partner - Auckland based second tier accounting firm
Get in touch
for a no obligation conversation about your holiday pay requirements
holiday pay specialists
Recalculate, reset and comply with Resolve
PO Box 313, Shortland St,
Auckland 1140, NZ