If an Employee normally works on Monday (June 1st), but is not required to work on the public holiday, he or she should be paid for the day at the 'relevant daily rate' (what they would have received if they had worked the day).
If the Employee is required to work they will receive 'time and a half' for the hours worked, and providing it is a 'normal' day of work for them, ONE paid alternative holiday, to be taken later by agreement.
Alternative holidays and relevant daily rate calculations are discussed in depth in our eBook Annual Holidays & Leave which members can download from the Dashboard Library on www.EmployersToolbox.co.nz.
Non members can choose to purchase from here : Annual Holidays & Leave eBook.