Payroll Implications on Recruiting a New Staff Member
Onboarding a new staff member brings with it many payroll implications to be considered. When appointing a new staff, it is important to assess the following areas of payroll processing: It is important to be mindful of the basis on which you hire employees – permanent, Part-time, Casual, Full Time, Contract etc. Be mindful of checking that new employees have the required licenses and qualifications to perform the work that they are hired to perform. It is important to check the pay rates for each employee and keep up to date with changes in award rates etc. Each new employee must complete and sign a tax file number declaration form to be lodged with the ATO. You are also required to obtain their Super Fund Policy details to make compulsory super payments on their behalf. Fair Work is a useful point of reference for Employers as it provides information on employee awards and agreements, employee contracts and conditions and more. Employers are required to report tax and super information for each employee through the Single Touch Payroll System with the ATO. Payslips should be provided to employees each pay period. Superannuation for employees is required to be paid on or before the due date to avoid penalties. If you need help with creating an employee contract you can utilise the services of PremierOne or contact us at [email protected]
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