News

• News
  • Mitrefinch to feature at NZPPA Payroll Expo
  • Avoid Easter panic in HR and the Pay Office
  • Mitrefinch sponsor NZPPA Payroll Training Events
  • Stockpiled Annual Leave
  • Public Holiday Processing
  • Fingerprint capture through Gloved Hands
  • NZ National Payroll Week
  • Mitrefinch to feature at TAPS Payroll Events
  • Lumidigm, Mitrefinch’s Biometric Partner, provides Next Generation Biometrics to US Defense
  • Mitrefinch launch new Customer Referral Program
  • Workplace Big Brother?
  • NZPPA Payroll Expo
  • Smart technology to mobilise the workforce
  • Combating Winter Absenteeism

Stockpiled Annual Leave a problem in your Business?

Australian workers have accumulated 129 million days of Annual Leave worth up to $40bn in wages - what effect could this be have on your bottom line?

In an article this week, HC Online has warned that, excessive amounts of accrued annual leave can be a huge liability sitting on the balance sheet for employers. As such, Tourism Australia’s Managing Director, Andrew McEvoy, advises businesses that it’s well worth planning for and addressing the challenges associated with accumulated leave.

This is particularily important when you consider that, employees who don’t take annual leave can often demonstrate higher levels of depression or anxiety-related stress compared to those who do take regular holidays and short breaks.

McEvoy explains that, “there are easy-to-implement methods employers can use to encourage a leave-taking culture, with clear benefits to be gained such as building and engaging with a productive employee community.”

The “No Leave, No Life” campaign championed by Tourism Australia, allows enables organisations to tackle the issue of untaken annual leave. The “No Leave, No Life” website features an employer resources toolkit with a series of modules and practical case studies to assist with implementing a successful annual leave program.

Some of the key focus areas include:

• Identifying challenges facing management such as pressure to meet targets, lack of reporting, competing priorities
  
• Recognising the barriers to leave-taking and prioritising leave-taking policy in the workplace
  
• Integrating leave-planning into current processes to ensure adequate coverage
  
• Engaging employees – CEO, management and HR commitment is critical to success How to set objectives and review regularly
  
• Points to help managers look at how to measure the success of their annual leave policy
  

How much leave your employees have accrued?

An automated time and attendance management system can help you effectively manage leave and holiday planning processes by:

• Keeping a central repository of all employee leave records, tracking all leave types such as Vacation/Personal leave
  
• Calculating leave eligibility based on an employee’s hours worked and hire date
  
• Generating real time absence management and vacation planning reports
  
• Creating work schedules that take in account employees on leave, thus ensuring you have sufficient cover to meet customer or project demands and deadlines
  

In addition, Employee Self Service functionality empowers your staff to check their own leave records and entitlements, and request/book leave online without having to converse with their supervisor or HR.

If you would like find out more about effective Leave Management and Holiday Planning contact Mitrefinch today on 09 363 9557 or email marketing@mitrefinch.co.nz

For more information on Tourism Australia's “No Leave, No Life” initative and access to employer resources visit: http://noleavenolife.com/employer/