employers by cuiliqing

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									CHAPTER 26
 Employers
                             R. Delaney
                                                                        2

Employers + their rights
 An employer is anybody who pays somebody
  else to do work.
              Rights of Employers
To decide the objectives of the    To set the conditions of
business                           employment for all employees

To organise the                    To dismiss employees who have
business in any manner             not honoured the terms of
they want (legally)                employment

To expect a fair day’s             To expect loyalty, and respect for
work from each of their            the firm’s property, from the
employees in return for a          employees
fair wage
                            R. Delaney
                                                                     3

Employers + responsibilities
           Responsibilities of Employers
To give each employee, within   To abide by all employment laws
one month of commencement of
employment, a written statement
of his/her terms of employment
To provide a safe and healthy   Not to discriminate against
work place                      employees on grounds of gender,
                                race or religion
To provide each employee with   To deduct all statutory deductions
a written statement of pay (a   from all employees’ wages and to
payslip)                        pass them on to Collector General
                                of Taxes
                      R. Delaney
                                     4

Procedure for Employing Staff
1. Draw up a job description
2. Advertise the job
3. Arrange interviews
4. Select the best candidate
5. Induction, i.e. introduction to
   company policy and to staff
   members
6. Give the new employee
   written terms of employment.
                     R. Delaney
                                       5

Wages and Salaries
 A salary is a payment made to an
  employee that is not dependent on
  the number of hours worked or the
  amount of goods produced or sold
  by the employee in a given period.
 A wage is a payment made to an
  employee that is dependent on the
  number of hours worked or the
  amount of goods produced or sold
  by the employee in a given period.
                                 R. Delaney
                                                                        6
Wage Calculation Q6 Workbook
 Page 126

David Dunne           No. 4455        Wage Slip           May 2011
PAY:                     DEDUCTIONS

Basic          €950    PAYE                       €260


              €120      PRSI (USC)                 €81
Overtime

                  + overtime
Gross pay = Basic Total deductions = PAYE + PRSI (USC)
GROSS PAY    €1,070       TOTAL DEDUCTIONS         €341
                                                           NET PAY


                                                            €729
                           Net pay = Gross pay minus Total Deductions
                         R. Delaney
                                                         7
Wage Calculation Q12(a) and (b)
 Workbook Pages 127 / 128
 Gross Pay:
 Standard pay per hour = €15, therefore overtime per hour
  = €15 X 1.5 = €22.50
 Therefore gross wage = 38 hours X €15 (€570.00) + 10
  hours X €22.50 (€225.00) = €795.00
 PAYE:
 €500 @ standard rate of 20% = €100.00
 + €295 @ 42% =                   €123.90
 Gross PAYE =                     €223.90
 Less tax credit =                  €90.00
 Tax payable =                     €133.90
                                   R. Delaney
                                                                            8
Wage Calculation Q12(c)
 Workbook Pages 127 / 128

Agnes Delaney          No. 4455                  Wage Slip   Week 21
PAY:                      DEDUCTIONS

Basic           €570    PAYE                     €133.90


                €225     PRSI (USC)                €59.63
Overtime

Gross PAY    €795
GROSSpay = Basic         Pension                   €70.00
+ overtime                                        €150.00
                         Savings
                        Total deductions = PAYE + PRSI + Pension+ Savings
                         Total Deductions          €413.53  NET PAY
                Net pay = Gross pay minus Total Deductions   €381.47
                                       R. Delaney
                                                                                              9
Wages Cash Analysis Statement:
 Q16, Workbook, Page 129
Employee    Net         €100   €50   €20   €10   €5     €2   €1   50c   20c   10c   5c   2c   1c



F. Flynn    €550.50        5     1                                 1



H. Hughes   €753.43        7     1                      1     1          2               1    1



B Lohan     €846.97        8           2            1         1    1     2          1    1



Total       €2,150.90    20     2     2     0       1   1    2     2     4     0    1    2    1
                     R. Delaney
                                              1
Wages Cash Analysis Statement:                0


 Q16, Workbook, Page 129 (cont)
    €100 X   20             = €2,000
    €50 X        2          =  €100
    €20 X        2          =     €40
    €10 X        0           =    €0
    €5 X         1          =     €5
    €2 X     1              =     €2
    €1 X     2              =     €2
    50c X    2              =     €1
    20c X    4              =     €0. 80
    10c X    0              =     €0. 00
    5c X     2              =     €0. 10
    2c X     2              =     €0. 04
    1c X     1              =     €0. 01
    Total                   =     €2,150.95
                       R. Delaney
                                                         1
                                                         1
Paypath
 Paypath is an electronic means of transferring an
  employee’s wages from the employer’s bank account to
  an employee’s bank account.
                         R. Delaney
                                                               1
                                                               2
Advantages of Paypath
                  Advantages of Paypath
1. It eliminates all the problems associated with payment
   by cash.
2. The employer does not have to make out cheques for
   each individual employee.
3. The employees do not run the risk of losing their cash or
   cheques.
4. The employees do not have to go to a bank to lodge or
   cash their cheques.
5. The wages are lodged instantly to the employees’ bank
   accounts, which could earn interest for them or reduce
   overdraft charges.
6. Employees can access the amount of cash they require
   at any ATM at any time.

								
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