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Being an employer

Being an employer. Overview. What is an employer? Rights and responsibilities of employers Reasons for keeping records Procedure for hiring staff Methods of calculating wages Methods of paying wages Employment terms. What is an employer?.

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Being an employer

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  1. Being an employer

  2. Overview • What is an employer? • Rights and responsibilities of employers • Reasons for keeping records • Procedure for hiring staff • Methods of calculating wages • Methods of paying wages • Employment terms

  3. What is an employer? • A person or firm who pays people to do work for them.

  4. Rights of Employers • To set up a business and employ suitable staff. • To decide on the aims and objectives of the business. • To dismisss dishonest staff.

  5. Responsibilities of Employers • Provide safe & healthy work conditions. • Pay agreed wages for work done. • Obey employment laws. • Keep records of PAYE & PRSI deducted.

  6. Reasons for keeping employee records • If employee is • seeking promotion • Claiming unfair dismissal • Being made redundant • Revenue commissioners- (PAYE/PRSI)

  7. Procedure for employing staff.

  8. 1. Job Description • Duties. • Qualifications needed. • Personality needed. • Pay & hours.

  9. 2. Recruitment • Find out what staff you need. • Advertise the job.

  10. Job Advertisement needs to have: • Name of the employer • Position to be filled • Qualifications and experience of the candidate • How to apply • Closing date • State company is an equal opportunities employer.

  11. 3. Examine CV’s (curriculum vitae) & Application Forms • Look at all the replies to the advertisement.

  12. Information given on CV • Personal Details: Name, age etc….. • Educational achievements • Work experience • Hobbies/interests/achievements • Name of referees

  13. 4. Shortlist • Call the best candidates for interview.

  14. 5. Interview & Select • Face to face meeting to decide if the candidate is suitable.

  15. 6. Probationary Period • A trial period to see if the new employee is suitable.

  16. 7. Contract of Employment • Sets out the; • Terms of employment. • Rates of pay. • Duties. • Starting date.

  17. Methods of calculating wages

  18. 1. Time Rate • Paid by the hour. • Clock in & clock out.

  19. 2. Piece Rate • Paid for the amount of items produced or work done.

  20. 3. Commission • Basic wage plus a percentage of sales.

  21. Methods of paying wages

  22. 1. Cash • Quick. • Convenient. • Unsafe.

  23. 2. Cheque • Record of payment. • Slow: must change into cash. • Reduce impulse buying.

  24. 3. Paypath • Wages is paid directly into your bank account. • Quick, safe. • Reduces impulse buying.

  25. 4. Benefit in kind • Non money income. • Eg. • Company car or mobile phone • Susidised meals……….

  26. Total cost of employing staff • Gross Wage + Employers share of PRSI

  27. Government uses PAYE to • Pay wages of teachers, doctors, nurses • Improve roads, hospitals, schools • Provide Public Utilities: libraries, dumps

  28. Government use PRSI to • Pay social welfare payments such as, • Job seekers allowance, Old Age Pesion • Maternity Benefit or Sickness Benefit, • Family Income Supplement (FIS)

  29. Gross Pay- Wages before deductions • Net Pay- Wages after deductions

  30. Standard Rate of Tax • Is the lower rate of tax • Standard Rate Cut-off point • Is the amount that you can earn before you pay the high rate of tax.

  31. Tax Credit • Is the amount that is subtracted from the tax you have to pay. • It reduces the amount of tax you have to pay.

  32. Statutory Deductions • Deductions that must be made • PAYE • PRSI

  33. Non Statutory (Voluntary)Deductions • Health insurance= VHI, BUPA/VIVAS • Private pension • Trade union fees • Savings scheme

  34. Salary- means an employee is paid a certain amount of money per year. Wages- employee is paid per hour. Salary v Wage

  35. Terms • Basic Pay- payment for normal working • Overtime- additional pay at a higher rate per hour for working in excess of normal working hours

  36. Terms • Bonus – Extra money added to wages for achieving certain targets • Benefit-in-kind – Non money income. Eg. company car, subsidised canteen • Subsidised – company pays some of the cost of meals etc.

  37. Terms • Flexi-time- One can with the consent of ones employer work the required hours at any time within limits during the week. • Equal Opportunities Employer- Employer does not discriminate on the grounds of: gender, race, colour, religion and age.

  38. Recap • What is an employer? • Rights and responsibilities of employers • Reasons for keeping records • Procedure for hiring staff • Methods of calculating wages • Methods of paying wages • Employment terms

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