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Momentum Group Limited engages in long and short-term insurance, asset management, savings, investment and employee benefits through its various brands. The Group has subsidiaries in Botswana, Ghana, Gibraltar, Guernsey, Kenya, Lesotho, Mauritius, Namibia, Nigeria, UK, South Africa and Zambia. [2]
The Employment Relations Amendment Act 2008 was passed under urgency by the Fifth National Government of New Zealand in December 2008. It allowed small businesses (those employing fewer than 20 staff) to sack employees within 90 days of being hired without those employees being able to take a personal grievance case against the employer.
Public sector organisations in New Zealand comprise the state sector organisations plus those of local government. Within the state sector lies the state services , and within this lies the core public service.
New Zealand also has 11 annual public holidays and an employee is entitled to these days off work on pay, if they are days when the employee would normally work. [18] Where an employee does work a public holiday, the employee must be paid at least time-and-a-half for the time worked and is also entitled to an alternative paid holiday.
In 1898 the New Zealand government introduced a means-tested old-age pension for those 65 years and older. [12] This established some key features of public pensions in New Zealand, such as the use of general government spending rather than individual contributions, and a "pay as you go" rather than an actuarial approach to funding. [13]
The Ministry of Business, Innovation and Employment (abbr. MBIE; Māori: Hīkina Whakatutuki) is the public service department of New Zealand charged with "delivering policy, services, advice and regulation" which contribute to New Zealand's economic productivity and business growth.
The Department was established under the Liberal Government of New Zealand in 1891 as the Bureau of Industries with Edward Tregear as its sole employee. [2] The following year, when W. Pember Reeves was appointed the first Minister of Labour, the department changed its name to the Department of Labour. [3]
This arrangement is commonly used in industries with variable workloads or to accommodate employees seeking work-life balance. [12] Full-time - Full-time staffing is the traditional employment model where individuals work a standard 40-hour workweek. Full-time employees typically receive benefits such as health insurance and paid time off.