Damien Malone

If you’re looking to calculate employees’ weekly pay, then you’ve come to the right place. In this article, we’ll walk you through the process of calculating employees’ weekly pay in Ireland. We’ll also cover how to calculate employees’ hourly rates, overtime rates and annual salaries. To calculate your employee’s wages, follow the steps below: Step 1 – Determine your employees’ gross weekly earnings Gross weekly earnings Hourly Rate x Hours Worked Example: An employee earns €10/hour and works 40 hours per week for 4 weeks, this equates to €400/week. Step 2 – Deduct any deductions National Insurance Contributions Tax Social Welfare Payments Pension Contribution Additional Payment Total Deductions Example: A deduction of €100 was deducted from the gross weekly earnings. €100 / 52 €2.08 per day Step 3 – Convert to a monthly salary Employee’sgross weekly earnings ÷ 52 Average Full-Time Weekly Earnings Index Example: AFTE €2.08 ÷ 52 €0.38 per day Step 4 – Multiply by 12 ...

Whether you are in the process of hiring staff for your business or you are a director paying salary to yourself in Ireland, here are is a simple guide to payroll in Ireland. Should you consider outsourcing your payroll, it is important that you understand how to do this correctly. You can find out more information about payroll outsourcing by reading our article. If you have any questions regarding payroll outsourcing in Ireland please contact us at info@irelandaccountant.ie Payroll outsourcing: The Pros and Cons Payroll outsourcing has become an increasingly popular option for small businesses looking to save time and money. However, there are many different types of payroll outsourcing available, so choosing one that best suits your needs will be key to success. The most common type of payroll outsourcing involves using an online service to manage all aspects of payroll. These services usually offer a free trial period before charging fees, which makes them ideal for smaller ...