Business NZ says the Government's making workers leave simpler and more cost-effective.

It's announced a new hours-based annual and sick leave accrual system, including flexibility of being able to take only the hours needed off work rather than a full day.

It'll also mean part-time workers will no longer have a minimum sick leave entitlement.

Business NZ's Paul Mackay says leave's always been accrued, but there were other rules attached.

"The Government has simplified it by saying - you accrue leave or you earn leave as you go, it's effectively money in your bank and you will take out from that bank of leave when you want it."

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The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. 

Business NZ says the Government's making workers leave simpler and more cost-effective.
It's announced a new hours-based annual and sick leave accrual system, including flexibility of being able to take only the hours needed off work rather than a full day.
It'll also mean part-time workers will no longer have a minimum sick leave entitlement.
Business NZ's Paul Mackay says leave's always been accrued, but there were other rules attached.
"The Government has simplified it by saying - you accrue leave or you earn leave as you go, it's effectively money in your bank and you will take out from that bank of leave when you want it."
LISTEN ABOVE
The podcasts in the SME Stream contain&nbsp;general information only, not financial&nbsp;or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.&nbsp;

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Looking for actionable business insights all in one place? 
We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
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