JOBKEEPER PAYMENT
What is JobKeeper PAYMENT?
- Flat $1,500 per fortnight job keeper payment to employers to keep employees on staff
- Should your eligible employees earn less than $1,500 (before tax) per fortnight, you must pay them at least $1,500 for each fortnight to claim the JobKeeper payment
- Payments will be made to businesses in the first week of May, but will be backdated to March 30
For an Australian business using STP enabled PeopleSoft HCM and eligible for JobKeeper payment, INK IT Solutions has got you covered. We have built enhancements in PeopleSoft HCM payroll module that make processing the federal wage subsidy seamless.
Eligibility criteria for JobKeeper Payment
In order to receive a payment, both the employer and employee must meet the eligibility criteria
FOR EMPLOYERS
Eligible employers are businesses, charities or NPOs, faced with revenue losses that cross turnover-specific thresholds, that employed at least one eligible employee on 1 March 2020.
For Employee
Employees who were made redundant since March 1 are still eligible for payment, provided you will re-hire them. Full Time , Part Time and casual staff who have been employed for at-least 12 months are eligible.
OUR APPROACH
- Identify and enrol into JobKeeper Payment (JKP)
- Calculate Top-up /Stand-down and Send Start-Up – Top-Up & Finish JKP allowances to ATO
- Corrections to JobKeeper Finish allowance if required
- Seamless automation for inclusions and exclusions of earnings and retro catch-up payments
- Tailored for individual entities where applicable
- Tailored for weekly, fortnightly and monthly pay cycle.
The solution is intended to take processing stress away from businesses so they can stay focused to run their business as usual.
Need more info? It’s simple.
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