Payroll
Employee Pay Day |
Monthly: Last working day of the Month Final pay must be paid by the upcoming payroll run. This could be the following month if the employee is terminated past the cut-off date |
Client Payroll Cut Off Date | 8th of every month or nearest Friday if the 8th falls on a weekend |
Employee Reimbursements |
Approved expense workflows received by the 8th of the month. Approved expenses received after this date may be paid in the following month. |
Employer Contributions
Kiwisaver Superannuation Scheme |
Kiwisaver is New Zealand's voluntary, work-based retirement savings scheme. Employers must automatically enroll eligible employees into a pension scheme if the employee is:
If the employee does not meet the requirements but would like to join, they can voluntarily opt in at any time. Employees have the option to opt out if they were automatically enrolled and opts out between 2-8 weeks from their start date. Employees cannot opt out if they opt in voluntarily. You must contribute at least 3% towards your employees' KiwiSaver savings unless:
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Accident Compensation Levy |
Employers and employees must both contribute to the statutory accident insurance scheme. The purpose of this insurance is to cover for work-related accidents and residual claims. The amount you must pay as an employer is depending on the industry of your business, risk classification and employees' earning. |
If you would like to add additional benefits such as allowances and leave entitlements, submit a ticket to Global Teams and we will get back to you within the next 24-48 hours to discuss feasibility and next steps. As the legal employer of your employees, it is important that any benefits tied to their employment are formalized by Global Teams' and not directly issued - or paid - by another party.