You may already know the most common pay periods to choose from include weekly, bi-weekly, semi-monthly, and monthly. You might be able to change the frequency if all of the following apply: You have a legitimate business reason; The change is permanent For example, you can’t pay employees weekly one month and monthly the next. the business has suffered financial loss due to the employer leaving without giving notice (the deductions from wages or holiday pay are calculated based on the independent circumstances) For advice on how to interpret the Wages Protection Act 1983, contact Employsure on 0800 568 012 . Is permanent. Pay day and period covered When and how often an employee is paid (eg weekly, fortnightly, monthly) varies between workplaces and will often be in employment agreements or … New Zealand’s Wages Protection Act requires employers to remunerate workers according to the day, frequency and intervals agreed on in their employment contract. You can also be on a bi-monthly or six-monthly schedule, payments are still due on the 28 th of each month after which the taxable period ends. On a monthly basis, employees take almost an 8% pay cut, except for two month per year with they will receive 3 checks. Option B: Advance hours if there are shorted days in the period. On an annual basis, the pay is the same. Is not made in order to avoid paying overtime and does not violate minimum wage laws. Weekly Pay Periods: Employees receive 52 paychecks per year – one for every week of the year. Labor Code 207 provides: Every employer shall keep posted conspicuously at the place of work, if practicable, or otherwise where it can be seen as employees come or go to their places of work, or at the office or nearest agency for payment kept by the employer, a notice specifying the regular pay days and the … Make any necessary changes. But, you can change your pay frequency in some situations. 2. Select Pay schedule. You can change the frequency, the date of your first payroll and the pay period of your company pay schedule if you: Have not submitted your first payroll yet, or; Deleted your first submitted payroll; Here's how: In QuickBooks, go to the Gear icon > Account and Settings > Payroll. Offer employees a loan to cover the overlapping pay periods Not All Pay Periods Are Created Equal. Save your changes. It’s a common payroll error, but one that can cause a great deal of discomfort and confusion when it comes time to address it. You cannot change an employee’s pay frequency whenever you feel like it. They recently announced that they are switching to bi-weekly from bi-monthly pay periods, giving employees 7 weeks to adjust their lifestyle to this change. If there are not days that align with both periods, you have a couple of options to consider on how the adjustment to the period will be handled. But do you know how those differences might impact your business? If, for example, the change is from weekly pay to monthly pay, it may be appropriate for the employer to agree that, for a temporary period following the change, employees who might otherwise experience hardship may apply (within limits) for an advance on their pay. Does not unreasonably delay payment of wages. 15th of January: If a GST return and payment is generally required by the 28 th of December, then Inland Revenue allows until … Your employer does not have the right to change paydays without notice. Therefore, any delay in payout constitutes a violation. Employers are not prohibited from changing the beginning or ending dates of a pay period if the change: Is made for legitimate business purposes. Option A: Use ‘catch-up’ payroll if you owe more days between periods. If a team member has been given a larger wage than they earned for that particular pay period, there are a few quick and simple ways to resolve the overpayment with the least amount of awkwardness or effort. 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