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Final Pay

Cafe
4 Posts
Cover User
New Zealand
Cafe
Cover User

4Posts

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0Solutions

Final Pay

Could someone please help me? I do not understand how the hourly rate changes when you are doing a final pay? Sometimes lower than their hourly rate, sometimes higher than their hourly rate.  

1 REPLY
Ultimate Partner jenniek
2,281 Posts
Ultimate Partner
New Zealand
jenniek
Ultimate Partner

2281Posts

925Kudos

293Solutions

Re: Final Pay

Hi @Cafe

Which payroll system are you using and which hourly rate are you talking about? The ORD rate of pay does not change but the annual leave rate changes each pay period as it is based on the average earnings of the last 12 months - this could be lower than the ordinary rate of pay - but it will not use this rate as law says you cannot pay less than the ordinary rate of pay. Is this the rate you mean?

Regards,
Jennie Kingma
JK Business Systems Ltd, Hamilton, NZ
Email: jennie@jkbusiness.co.nz
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