Are you confident you’re paying your staff correctly for their holiday leave? Many Kiwi businesses aren’t, and navigating the Holidays Act can be a complex, stressful, and time-consuming process. Mero’s Holidays Act Remediation Engine (HARE) Discovery Service provides a quick and straightforward way to understand your current payroll practices in relation to the Holidays Act. The Discovery Service highlights any potential compliance issues and gives you a preliminary estimate of your liability, so you can see if your business requires a full remediation to correct historical payments, or not.
What Does HARE Discovery do?
Our clever engine dives deep into your payroll data, analysing annual, BAPSF leave, and casual employee work patterns to pinpoint inconsistencies. We go beyond simply checking a few employee records; HARE can handle hundreds, even thousands, giving you an accurate picture of your overall holiday pay compliance. The service identifies areas where you might be underpaying or overpaying employees, providing valuable information to help you optimise your payroll processes and manage expenditure effectively. It also flags up any casual employees working regular patterns who should be considered for permanent contracts with accruing leave entitlements.
Why run a HARE Discovery?
There are several reasons why organisations of all sizes use our service:
- Proactive Compliance: To identify potential Holidays Act issues before an audit. Knowing your liability allows you to proactively address any problems, and avoid penalties.
- Payroll Optimisation: To discover areas where you might be overpaying staff, enabling better management of your payroll budget while remaining fully compliant.
- Due Diligence: For businesses involved in mergers, acquisitions, or sales, HARE Discovery provides crucial due diligence, uncovering any unexpected holiday pay liabilities.
What we Validate:
HARE Discovery meticulously checks your payroll data for:
- Accurate Holiday Pay Calculations: We pinpoint any areas where leave transactions appear non-compliant, comparing the amount paid against what should have been paid according to the Holidays Act.
- Variable Work Patterns: We identify employees with variable work patterns who may not be receiving the correct holiday pay.
- Casual Employee Compliance: We highlight casual employees with regular work patterns who may be entitled to permanent contracts and accruing leave.
- Minimum Wage Compliance: Check to ensure all your employees are paid at least the minimum wage.
- Erroneous Payroll Transactions: We flag potentially incorrect payroll transactions based on our extensive experience in remediation projects.
How Does it Work?
Our streamlined process ensures you get the insights you need within a few days:
- We obtain a sample of your payroll data and load it into our secure, cloud-based model.
- We work with you to understand your unique payroll configuration.
- We run our advanced model.
- We provide a comprehensive report detailing our findings and recommendations.
How Mero can Help you:
Mero’s HARE Discovery service offers a fast, secure, and cost-effective solution for understanding your holiday pay compliance and liability. There’s no need to invest in new technology; we provide everything you need in a secure cloud environment and deliver our findings. Our development team can also tailor the service to your specific requirements.
Don’t leave your business vulnerable to costly Holidays Act non-compliance. Contact us for a business discovery session. Let’s have a chat about how we can help you understand any issues and/or liability you may have around your payroll and Holidays Act payments.