Global payroll in New Zealand

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Rivermate's global payroll solution helps companies hire remote employees in New Zealand . We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business. Our global payroll solution is beneficial to companies that want to hire remote employees in a breeze. On this page you will find employment information for New Zealand.

1. Grow your team in New Zealand with Rivermate as your global payroll provider

Payroll, benefits, taxes, and compliance can be difficult to manage in , particularly if you don't have established local relationships. You can hire employees in effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

2. Introduction to global payroll in New Zealand

If you are interested in hiring a remote team in New Zealand, or even just individual remote employees in New Zealand, then you have come to the right place!

Rivermate is an Employer of Record (EOR) that offers New Zealand payroll solutions. As a New Zealand payroll provider, we will cover everything from salary, benefits, employer-to-employee contributions, and especially payroll compliance in New Zealand. We are confident Rivermate’s payroll solutions New Zealand will help you grow as a business—because now, you won’t have to worry about your payroll solutions New Zealand. We take care of everything payroll!

With Rivermate, you can run New Zealand payroll services in just one click—regardless of currency, benefits, insurance, and your local labor laws. Everything is automated. Our priority is for you to focus on your company’s strategy and growth.

Our Rivermate Global Payroll services are made especially for startups and scaleups. We know that startups try to be extra prudent when it comes to choosing a payroll provider, so it is our mission at Rivermate to be your most reliable and cheapest payroll provider option. So if you’re looking for global payroll providers for small businesses, look no further and book a call with us now!

3. How to set up global payroll in New Zealand

Once you've determined the best New Zealand payroll option for your company, you'll need to collect some information from employees in order to add them to your payroll. Begin by acquiring their personal identification number, tax deduction card, and emergency contact information. When an employee begins working and provides you with their tax deduction card, they become a part of the social security system and are eligible for benefits.

4. Taxation rules for global payroll in New Zealand

In New Zealand, income tax rates vary depending on how much money your employee earns. It varies between 10.5% and more than 30%. Employers do not have to worry about income taxes under the Pay As You Earn (PAYE) system because they are automatically deducted from your employees' paychecks.

Employers must, however, account for the 28% corporation tax. There is no social security tax in New Zealand, but you must pay a 15% Goods and Services Tax (GST) on all goods and services sold in the country. Employers in New Zealand must also provide KiwiSaver, the country's retirement savings program, to all employees.

5. Payroll options for companies in New Zealand

Companies that wish to expand their operations globally have four different payroll options in New Zealand. These payroll options are:

1. Internal Payroll. This payroll option is applicable for already established companies in New Zealand. It includes devoting an entire Human Resources staff to running the company's payroll procedures.

2. Remote Payroll. Smaller firms may lack the capacity to handle their own payroll, but they may add their workers to the parent company's payroll. This action, on the other hand, requires considerable thinking. You must guarantee that you follow the rules and laws of each nation.

Working with a local outsourcing firm is one method to retain money in the local economy, but you'll still need to study all of the local rules and regulations, since you'll be held responsible.

3. New Zealand payroll outsourcing: Outsourcing your payroll to an Employer of Record in New Zealand, such as Rivermate, is another alternative for Andorra payroll outsourcing. We can manage all aspects of your payroll, including compliance. Send us a note and we'll get back to you as soon as possible!

6. Payroll compliance New Zealand

It is the obligation of the employer to ensure that all payroll-related transactions are properly documented and recorded. All salaries and compensation payments must adhere to the local minimum wage as well as other applicable laws and regulations.

Rivermate's payroll services in New Zealand can assist you in staying in compliance with the country's ever-changing payroll rules. We provide an all-inclusive solution that covers everything from compliance and reporting to salary payments.)

7. How to manage payroll in New Zealand

Companies that have a business presence in New Zealand have different ways of managing payroll. However, most of the options you have for running payroll in New Zealand are either expensive or require establishing a subsidiary in New Zealand. The cheapest, most efficient, and most reliable payroll processing system in New Zealand is by outsourcing payroll to Employers of Record (EOR) in New Zealand. Rivermate is one of those Employers of Record.

At Rivermate, we offer you the most efficient, most compliant, and cheapest HR and Payroll Management services in New Zealand. We do this by taking care of your payroll-related needs, such as keeping track of your employees’ financial records, including incentives, gross and net salary, and payslips, all the while staying compliant with the labor laws in New Zealand. Because we do your online payroll management for you, you can have absolute focus on your business’ strategy and growth.

Rivermate is all about growth through collaboration and we achieve this by offering the most reliable yet cheapest services for managing payroll for small businesses in New Zealand.

8. Entitlement and termination terms in New Zealand

When an employer intends to terminate an employee's employment, the employer must notify the employee in advance (unless the employer is going to dismiss the employee without notice for serious misconduct).

Simply because an employment agreement specifies a notice period does not mean that the employer has the right to terminate the employee for any reason as long as the employee receives the required notice. Employers must still have a legitimate reason and follow a fair procedure. This also applies to fixed-term contracts.

9. Compensation in New Zealand

New Zealand has different minimum wages for adults, starting-out employees, and employees on training. Employees ages 16 and older qualify for the adult minimum wage, which is NZ$20.00 an hour before tax. The starting-out wage is NZ$16.00 an hour before tax and covers 16 and 17-year-olds working for one employer fewer than six months; 18 and 19-year-olds who meet certain specifications; and 16 to 19-year-olds with an employment agreement requiring 40 credits of industry training a year.

The minimum wage for training workers is NZ$16.00 an hour. To qualify as a training worker, the employee needs to be 20 years old or older and have an employment agreement that stipulates at least 60 credits of industry training a year.

10. Working hours and overtime in New Zealand

In New Zealand, there are no legal restrictions on working hours. The traditional workweek is 40 hours, Monday through Friday, from 8:30 a.m. to 5 p.m., with a half-hour lunch break.

11. Employee benefits in New Zealand

In New Zealand, there is both public and private healthcare. Many companies provide health insurance as a perk or as an option.

Employees in New Zealand are entitled to a minimum of four weeks of annual leave, with the option of exchanging one week for cash. In addition, the nation has 11 official holidays on which workers are promised a day off. Although you may negotiate additional vacation days, you must keep this statutory minimum in mind when developing your New Zealand benefit management strategy.

Working parents are likewise entitled to maternity and paternity leave. Paid parental leave will be extended to 26 weeks beginning in July 2020. Employees with children may also utilize their sick leave entitlement, known as domestic leave, to care for their ill children or another dependent family member.

12. Why choose Rivermate as your global payroll provider in New Zealand

Establishing an entity in to hire a team takes time, money, and effort. The labor law in has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in via our Employer of Record (EOR) / PEO solution.

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