These are the slides from our Tricky stuff webinar on how to terminate and employe in Paycycle

1. Tricky Stuff Webinar - Termination Joe Salvati, 12 May 2011

2. Termination What is termination? Leave Loading (New Rules) ETP Termination Example

3. Termination 1.Employee ends employment by resigning or retirement. 2.Employer ends employment by dismissing or making employee redundant 3.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…” So Source : Workforce Guardian http://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…” So Source : Workforce Guardian http://www.workforceguardian.com.au/blog/annual-leave-loading

6. Employee Termination Payment (ETP) When Award Redundancy Employment Termination Payments ETP Payment Summary Form ATO ETP Payment Calculator So

7. Termination Steps 1. Post final payrun of normal wages for last pay cycle 2. Does this termination qualify for ETP? 3. Determine leave accruals to be paid out 4. Record remaining leave 5. Process an unscheduled payrun to reduce leave to 0 6. Check all leave balances 7. Enter Employee Termination Date So

8. Demonstration