Pay Solutions not only offer Payroll Services, they offer comprehensive Human Resource Solutions in accordance to government legislation. Recent changes to the Employment Equity Act require increase reporting for designated Employers making submissions an onerous task.
Pay Solutions will take care of your Employment Equity Reporting and submissions ensuring your company is compliant and does not receive a non-compliance fine.
Amendments to the Employment Equity Act, No 55 of 1998 (EEA) came into operation on 1 August 2014.
Read the guidelines below to determine if your company is a designated Employer.
- National Defence Force;
- National Intelligence Agency; and
- South African Secret Service.
The provisions for affirmative action apply to –
- employers with 50 or more workers, or whose annual income is more than the amount specified in Schedule 4 of the Act (table below);
- organs of State;
- employers ordered to comply by a bargaining council agreement;
- any employers who volunteer to comply.
All employers who employ more than fifty employees, or have an annual turnover higher than the amount identified in Schedule 4, are required to submit the report annually.
EMPLOYMENT EQUITY ACT SCHEDULE 4
TURNOVER THRESHOLD APPLICABLE TO DESIGNATED EMPLOYERS
|Sector or subsectors in accordance with the Standard Industrial Classification||Total annual turnover|
|MINING AND QUARRYING||R22,50m|
|ELECTRICITY, GAS AND WATER||R30,00m|
|RETAIL AND MOTOR TRACDE AND REPAIR SERVICES||R45,00m|
|WHOLESALE TRADE, COMMERCIAL AGENTS AND ALLIED SERVICES||R75,00m|
|CATERING, ACCOMMODATION AND OTHER TRADE||R15,00m|
|TRANSPORT, STORAGE AND COMMUNICATIONS||R30,00m|
|FINANCE AND BUSINESS SERVICES||R30,00m|
|COMMUNITY, SOCIAL AND PERSONAL SERVICES||R15,00m|
Click here to find out more on the Employment Equity Act
Pay Solutions Human Resource Department can assist your company with all aspects of Human Resource Reporting and consulting.
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