Employment New Zealand has raised concerns that many employers are failing to keep complete and accurate records including wages, time, leave, employment contracts and more. As an employer, by law you must:
• be able to show that you’ve correctly paid your employees all minimum employment entitlements, e.g. at least the minimum wage rate and four weeks annual holidays
• keep each employee’s records for seven years even if they have left
• ensure all employees have complete and current employment contracts. Penalties for non-compliance can be up to $100,000 for a company. If an employer gains financially because they haven’t complied with the law, penalties can be higher. Employment New Zealand has information about your legal obligations, the penalties and free resources available.
Lack of employment records can lead to fines of $100,000
To find out more call Employment New Zealand 0800 20 90 20 or look at www.employment.govt.nz