Understanding Employee Deductions

Time and Place
Start Time:Tuesday, February 5, 2019 9:00 AM
End Time:Tuesday, February 5, 2019 1:00 PM
Held By:Barbados Employers' Confederation
Location:Barbados Employers Confederation
Regular Admission:$375.00 Early Bird / $375.00 Late Bird (Members)
 $475.00 Early Bird / $475.00 Late Bird (Non-members)
 
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Description

UNDERSTANDING EMPLOYEE DEDUCTIONS

It is every employer’s duty to accurately calculate their employees’ remuneration which is subject to deductions, statutory or voluntary. Knowing what they are and how to compute them is essential. This workshop will focus on the different types of deductions which can be made from a legal perspective and provide a comprehensive guide for employers to utilize when handling employee deductions.

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Participants Will Learn

  • The importance of National Insurance Registration
  • Who pays National Insurance
  • The applicable contribution rates for National Insurance
  • Explanation of PAYE tax brackets
  • Legal parameters for voluntary deductions
  • Understanding charitable contributions
  • Comprehensive overview of the Protection of Wages Act
  • Allowances – cash and non cash
  • Vehicle benefits
  • Stock plans
  • Expenses related to expat transfers
  • Tax filing requirements for employees who must file in multiple jurisdictions
  • Severance & enhanced Severance
  • Bonus/Ex-gratia payments

  Training Methods

• Group Exercises • Interactive Discussions • Power Point Discussions

Who Should Attend

• Senior Managers

• Human Resource Personnel

• Administrative Officers

• Business Executives

• Line Managers & Supervisors

• Professionals

• Payroll officers

• Heads of Departments

 
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Additional Notes:
Registration Policy:

1. Should the BEC cancel the session, a full refund will be granted to all registrants.

2. All cancellations must be made in writing to the BEC within two business days prior to the training in order to receive a full refund.

3. Cancellations made within one business day prior to the session (the day before), 50% of the registration fee will be refunded.

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