Glossary
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Record Keeping
Under the Employment Relations Act 2000 and the Holidays Act 2003, all employers are required to keep wage and time, holiday and leave records. Records can be stored electronically (i.e. on a computer, hard drive or the cloud) or on paper.
Record keeping is a legal requirement, as it shows the employer is compliant with employment law and correctly giving all employees the minimum employment entitlements.
If an employer does not keep accurate records, they can face a penalty of up to $50,000 or more.