Archive for Payroll

PRINCIPALS OF ANNUAL LEAVE PAY

PRINCIPALS OF ANNUAL LEAVE PAY

This schedule put the spotlight squarely on the fact that most employers at the time calculated a value that was too low for these three types of payments The requirements in the BCEA for these calculations were not new – they had been there for…

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EMP501 ANNUAL RECONCILIATION FOR YE2016/02

EMP501 ANNUAL RECONCILIATION FOR YE2016/02

Opens 18 April 2016 and Closes 31 May 2016  Requirements to complete EMP501 2016/02 return.  COMPANY/EMPLOYER INFORMATION  Can be taken off secretarial files.  EMPLOYEE INFORMATION  Employee Number (if there is not one we will generate one in numeric order) Full names and surname ID Number…

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OUTSOURCING YOUR PAYROLL AS PART OF YOUR RISK MANAGEMENT STRATEGY

OUTSOURCING YOUR PAYROLL AS PART OF YOUR RISK MANAGEMENT STRATEGY

In the last decade, the advantages of outsourcing a range of services to specialists – everything from IT to consumer service, marketing, security, Human Resources (HR) services and more – have become clear. The recent economic downturn further bolstered outsourcing’s popularity, as business felt the…

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TRADITIONAL 13TH CHEQUE ON ITS WAY OUT

TRADITIONAL 13TH CHEQUE ON ITS WAY OUT

More than 66% of lower-level staff are still receiving 13th cheques, while only about 40% of senior management receive a bonus not related to performance.  At middle management level, less than 60% were getting an extra cheque regardless of their performance.  In 1994, 85%-90% of…

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