Termination webinar ppt
- 1. Tricky Stuff Webinar - TerminationJoe Salvati, 12 May 2011
- 2. TerminationWhat is termination?Leave Loading (New Rules)ETPTermination Example
- 3. Termination1.Employee ends employment by resigning or retirement.2.Employer ends employment by dismissing or making employee redundant3.Employee’s contract is completed or employee dies.Source: HR Advance http://bit.ly/jZrxLf
- 4. Leave Loading “It is the view of the Fair Work Ombudsman, that where a modern award or agreement provides for annual leave loading, then payment upon termination is to include payment for annual leave loading…” SoSource : Workforce Guardianhttp://www.workforceguardian.com.au/blog/annual-leave-loading
- 5. Leave Loading cont..“The FWO has indicated that employers should pay out leave loading retrospectively to 1 Jan 2010.If you have not paid leave loading on accrued holiday pay to exiting employees then you are now exposed to back-pay claims…”SoSource : Workforce Guardianhttp://www.workforceguardian.com.au/blog/annual-leave-loading
- 6. Employee Termination Payment (ETP)WhenAwardRedundancyEmployment Termination PaymentsETP Payment Summary FormATO ETP Payment CalculatorSo
- 7. Termination Steps1. Post final payrun of normal wages for last pay cycle2. Does this termination qualify for ETP?3. Determine leave accruals to be paid out4. Record remaining leave5. Process an unscheduled payrun to reduce leave to 06. Check all leave balances7. Enter Employee Termination DateSo