Page 7 - KZN Business Sense 9.1

EMPLOYMENT TAX INCENTIVE SUPPORTS

YOUNG EMPLOYEES

Johan van Deventer, R6,500 or less per month in The calculation for ETI has a year 1 and year 2 calculation and has been from employee engagement to
KZN Regional terms of their gross displayed below for ease of reference: termination.
Manager, LabourNet remuneration figure MONTHLY FORMULA FORMULA Full Outsource Payroll
T he been employed on or after REMUNERATION FIRST 12 MONTHS SECOND 12 MONTHS experts and developers, cloud-
The employee should have
■
Developed by leading payroll
1 October 2013
Employment Tax ■ Employers can claim the ETI R0 TO R1 999,99 75% OF MONTHLY 37, 5% OF MONTHLY based PSIber Payroll delivers a
truly unique payroll system that
REMUNERATION
REMUNERATION
Incentive (ETI) for a maximum of 24 qualifying can be used by clients in any
in South Africa months for each qualifying industry and of any size. The
is a government employee R2 000 TO R4 499,99 R1 500,00 R750 system automates complicated
programme If the employer is not subject payroll calculations and processing
that aims to to wage regulating measures, through its sophisticated yet user-
encourage the employee’s wage should be at friendly functionality – and is
employers to hire and retain young easily accessible from your phone,
workers. The incentive is intended least R2000.00 per month if they Incentive in South Africa is ensure compliance and provide computer or tablet. Reporting
are exempt from the national
to reduce the cost of hiring and a valuable tool for employers you with peace of mind that is comprehensive and flexible,
retaining young employees by minimum wage. If the employer looking to hire and retain young your payroll administration while processing of all statutory
providing a reduction in the is subject to the wage regulating workers, as it can help to reduce and management activities are requirements is both simple and
amount of Pay-As-You-Earn measures, then the employee’s the cost of doing so. Employers accurate and always accessible accurate. 
(PAYE) tax that an employer is wage should not be less than the who are eligible for the incentive with one goal in mind –
required to pay. prescribed minimum wage for the should make sure to take improving your bottom line!
employer’s industry. T: +27 (0)31 266 6570
To be eligible for the ETI, the The incentive works by advantage of it to support the Choose the solution best suited C: +27 (0)82 786 7480
employer needs to be compliant reducing the amount of PAYE employment of young people in to your requirements: E: johanvd@labournet.com
with SARS in terms of no tax that an employer is required South Africa. This programme For the matured business, access W: www.labournet.com
outstanding amounts owing to to pay on behalf of a qualifying is a great way for employers to to all modules in the application
give back to the community
SARS. This could be in terms employee. It is important to note to facilitate the employee’s
of VAT, UIF, SDL, PAYE or any that the ETI is only available and contribute to the reduction full life cycle with technical
other non- compliance with SARS of youth unemployment and infrastructure, system support,
relating to the employer’s PAYE to employers registered for economic growth in South Africa. and expert legislative knowledge
PAYE with the South African
reference number. The ETI came into effect on 1 as and when required.
Revenue Service (SARS), and January 2014 and it will end on 28
The employee eligibility can be that the incentive is claimed on February 2029. SCAN
seen below: a monthly basis by the employer Supported Payroll Service QR CODE
■ An employee must be between when submitting their monthly LABOURNET SERVICES Not the conventional TO SEE
the ages of 18 and 29 years old Emp201 declaration to SARS. Our services are designed to outsourcing model but rather an VIDEO
extension to your business, full
■ The employee must also earn Overall, the Employment Tax improve business efficiencies, facilitation of your payroll process

DEVELOPING GREAT PEOPLE FOR BUSINESS SUCCESS

Jacquie Bhana, Coach, engineering, automotive and and counselling, following the my career, and further created a business in Durban, focussing on
Mentor and Counsellor retail. Within these sectors, effects of Covid.” space for me to develop a more the execution of their strategic
she has worked at a senior In addition, Jacquie says nuanced approach to career plan. Her work also includes
fter 35 level in both marketing and she believes that she can make a planning and my associations coaching for smaller businesses
years of human resource functions, in bigger impact beyond the gates beyond the professional sphere. In which she enjoys.
Aworking management, executive and non- of a corporate and the borders of a nutshell, it has been a thought- “For many years, we were
in some of the executive roles. The companies South Africa. “I am well equipped provoking and life-changing denied the privilege of senior
most successful that Jacquie has worked for to work as a coach and mentor journey that has made me look and leadership roles, but now
local and include VWSA, Bostik and British with bright young minds, with forward to adding value from an we can become anything we
global United Engineering, McCarthy emphasis on new executives, HR perspective.” want to be – to work beyond
companies, Motor Holdings and Tongaat managers, small business owners Speaking of Jacquie’s the old status quo, to shatter
Jacquie Bhana Hulett. She currently serves on and women in particular, mentorship, Natasha Thomas- the proverbial glass ceilings –
recently the board of the Durban Chamber especially those from previously Kasangana said, “Our first both in corporate and small
left the of Commerce and Industry as the disadvantaged backgrounds, development conversation business. It is truly an exciting
corporate world to do what she first vice president. having spent a lot of my time happened 15 years ago, as a law and exhilarating time to be in
loves – developing people, seeing The experience that Jacquie in corporate South Africa, student, pursuing articles of business,” concluded Jacquie. 
them grow and becoming better has acquired includes the informally working in this area, clerkship at the big five law firms
as people and helping them, as development and facilitation of a with great results.” in a new city away from all the
human beings, work towards range of leadership, management, family or friends that had been For more information
their aspirations. This includes skills training and graduate Jacquie explained that having so instrumental in delivering me C: +27 83 386 8343
E: info@JacquieBhana.co.za
building them as high performance programmes, as well as diversity grown up in the Eastern Cape, that juncture. Jacquie has helped W: www.jacquiebhana.co.za
individuals to form part of high management initiatives at senior attending a township school and me to be more than a lawyer. She
performing teams, to enable them and executive level. having accomplished many career has taught me how to generously
to add value to the business. goals against serious odds, she can co-create business solutions. She
Jacquie says, “I have been in the relate well to them.
Her years of experience and trenches – been there, done that also reminds me to maintain my
success with people development and I have worked with a number Human Resources graduate sense of humour such that all
makes Jacquie an ideal person of people development issues with intern, Xolani Magubane, those around me are equally at
with whom to work. Her company, various stakeholders, including said mentorship had been a ease.”
Jacquie Bhana Consulting, is a labour, government, and student huge part of his personal and Jacquie is delighted to already SCAN
BBBEE level 1 entity. bodies. A key interest of mine is professional development be working with a large corporate QR CODE
as an aspiring chartered HR
Jacquie has worked in various new managers, executives and practitioner. “Jacquie Bhana focussing on the coaching and TO SEE
business sectors, including women in particular. A new focus helped me to actualise my vision mentoring of senior women and VIDEO
agriculture, financial services, area is mental health coaching and the ordinary goals I have for graduates, as well as a medium

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