Does anyone personally handle their payroll?
We had a professional payroll company handle our payroll, I have just taken back the responsibility (but not my computer software!)
Trying to calculate the formula for working out the rate:
Our company has been of the opinion that the Govt. would ultimately enforce a medical aid for all employees, but not wanting to have the medical shortfall being deducted from the company's bank account, we decided that we would give a medical aid allowance, employees are requested to arrange their own medical aids, but most don't and just use the allowance as "cash"!
The calculation as per the payroll companys past payslips, calculates the payment on the "basic" salary only at the standard rate of 1.5 (No public holidays etc. worked!)
I was told that if I take the total package of the basic plus the medical aid allowance that there can be a "reasonable" expectation by the employee that the amount is treated as their "Salary", and should the medical aid become compulsory that our company could still be "required" to provide an additional sum for the medical.
So two questions really - do you think if medical and a retirement fund become compulsory that companies could be made to bear the cost?
Is overtime calculated on basic in pay package only?
Thanks, would appreciate any advice