being an employer overview what is an employer? rights and responsibilities of employers reasons for...
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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? A person or firm who pays people to
do work for them.
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.
Responsibilities of Employers
Provide safe & healthy work conditions.
Pay agreed wages for work done.
Obey employment laws.
Keep records of PAYE & PRSI deducted.
Reasons for keeping employee records If employee is o seeking promotiono Claiming unfair dismissalo Being made redundanto Revenue commissioners-
(PAYE/PRSI)
Procedure for employing staff.
1. Job Description Duties.
Qualifications needed.
Personality needed.
Pay & hours.
2. Recruitment Find out what staff you
need.
Advertise the job.
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.
3. Examine CV’s (curriculum vitae) & Application Forms
Look at all the replies to the advertisement.
Information given on CV Personal Details: Name, age etc….. Educational achievements Work experience Hobbies/interests/achievements Name of referees
4. Shortlist
Call the best candidates for interview.
5. Interview & Select Face to face meeting
to decide if the candidate is suitable.
6. Probationary Period
A trial period to see if the new employee is suitable.
7. Contract of Employment Sets out the;
Terms of employment.
Rates of pay.
Duties.
Starting date.
Methods of calculating wages
1. Time Rate
Paid by the hour.
Clock in & clock out.
2. Piece Rate
Paid for the amount of items produced or work done.
3. Commission
Basic wage plus a percentage of sales.
Methods of paying wages
1. Cash Quick.
Convenient.
Unsafe.
2. Cheque Record of payment.
Slow: must change into cash.
Reduce impulse buying.
3. Paypath Wages is paid
directly into your bank account.
Quick, safe.
Reduces impulse buying.
4. Benefit in kind Non money income.
Eg. Company car or mobile phone Susidised meals……….
Total cost of employing staff
Gross Wage + Employers share of PRSI
Government uses PAYE to Pay wages of teachers, doctors,
nurses
Improve roads, hospitals, schools
Provide Public Utilities: libraries, dumps
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)
Gross Pay- Wages before deductions
Net Pay- Wages after deductions
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.
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.
Statutory Deductions Deductions that must be made PAYE PRSI
Non Statutory (Voluntary)Deductions
Health insurance= VHI, BUPA/VIVAS
Private pension
Trade union fees
Savings scheme
Salary v Wage Salary- means an
employee is paid a certain amount of money per year.
Wages- employee is paid per hour.
Terms Basic Pay- payment for normal
working
Overtime- additional pay at a higher rate per hour for working in excess of normal working hours
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.
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.
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