Archive for November, 2012

Penalty Rate for Employees that Work Public Holidays

November 30th, 2012

When an employee is scheduled to be at work on a public holiday, a penalty rate does apply. The reality is that individuals need some sort of additional compensation to make it worth their while to be at work while everyone else is at home with their families. The rate of pay is referred to as a penalty rate. It is not standardized, although, there are some common guidelines that depend upon the industry.

The most common payment guidelines for the penalty rate are:

Double time and a half
Awarding an additional day and a half off for a full …

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Repercussions of Payroll Errors

November 16th, 2012

If you make a mistake on your company’s payroll and end up accidentally paying an employee money they were not owed, there can be repercussions. While an honest employee may notice there is an error and decide to return the funds to you, other employees may choose to spend the money intentionally or not. The reality is that people may not recognize that a payment error was made, and they may use those funds as though they are their own.

Technically, if there is an error and you request the funds back, an employee has a legal obligation to return …

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Top Payroll Mistakes

November 9th, 2012

The top payroll mistakes made by businesses include:

Classifying employees incorrectly
Incorrectly paying employees as independent contractors
Incorrect record keeping with regards to hours worked etc
Releasing confidential information about employees
Incorrectly removing deductions like garnished wages

All of these errors can ultimately cost you money, and lead to a sense of dissatisfaction among employees if you are regularly having to make corrections and ultimately messing around with their money. Using a time and attendance system can improve the accuracy of record keeping and payroll.

 

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Annual Leave Guidelines in Australia

November 2nd, 2012

If you have employees working for you, then you have to pay them annual leave. But do you know what the guidelines are in Australia? The minimum benefits are as follows:

Leave is available to either full-time or part-time employees.
4 weeks of paid leave time for vacation.
1o days of paid leave either to be used by the employee when they are ill, or when they need to care for a loved one who is sick.
2 days of unpaid leave to care for a family member or friend.
2 days of paid compassionate leave, which can be used when a friend …

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