Where the payroll people have their say…
Posted in Labour Department, Payroll Comment on Nov 2nd, 2009
The Labour Department describes as the ‘Pay-as-you-go‘ method of paying Holiday Pay and there are only two situations when it is permissable. Pay-as-you-go annual holiday pay is where an employee receives their holiday pay (calculated at a minimum of 8% of the gross earnings) added on top of and paid with their regular pay. Under […]
Posted in Payroll Comment on Aug 31st, 2009
This is a common questions asked of the Payroll Professional and the simple answer is Yes and No! As a rule of thumb, if a bonus is deemed part of your normal salary or wage package as outlined in your contract then the answer is Yes it should add to Gross for Holiday Pay calculations. […]
Posted in Payroll Providers on Aug 25th, 2009
One of the many reasons for purchasing payroll software is the calculation of holiday pay. This can be time-consuming if you are processing your payroll manually and consequently is often only paid at the current rate of pay. When an employee takes leave, according to the Holidays Act 2003, they must be paid at either: […]
Employers My Job Space