Wage Engineering, The method of calculating wages in wage portage is different from that used in traditional companies. It requires financial, legal and administrative engineering to achieve an exact result. First of all, it will be necessary to take into account the percentage corresponding to the category of the employee or the consultant carried.
It is 70% of the social security ceiling if the employee has junior status, 75% if he has senior status and 85% if he is an employee on the day rate. Then, the wage portage company must include employer charges, professional fees, management fees.
How To Calculate The Remuneration Of The Carried Employee?
Before calculating the salary of the employee carried , it is necessary to start from the total amount of the remuneration which will be attributed to him. If the contractual provisions provide for a remuneration of 500 euros per day and that the mission must extend over 30 days, the employee must receive a total of 15,000 euros.
From these 15,000 euros, 10% of the management fees will have to be deducted. Then, it will be necessary to deduct the employer’s charges from the amount obtained, then the wage charges. In the event that the carried employee decides to declare operating costs, the amount of these costs will be added to the final salary.
Who Takes Care Of Wage Engineering In A Wage Portage Company?
It is up to the wage portage company to manage wage engineering. It is therefore she who calculates the salary of the employee based on the contractual clauses. It must include the base salary, paid leave allowances and the business contribution bonus. It must also apply the salary calculation procedure as provided for in the collective wage portage agreement.
What Tools Can Be Used In Salary Engineering?
Indeed, there are tools that can be used in the context of salary engineering, so that the employee can optimize his income. It can therefore benefit from multiple advantages. Among these tools, we cite the Company Savings Plan, the Universal Service Employment Voucher, the Collective Retirement Savings Plan.
The Company Savings Plan, for example, is a savings system which is set up by collective agreement or by decision of the employer. It will allow the employee supported with the support of his company to build up medium-term savings. Spouses of carried employees can benefit from it depending on the workforce of the wage portage company. In addition to this, the sums paid for savings are exempt from taxes. However, the regulatory ceilings should be respected.
The Universal Service Employment Check also makes it possible to exempt from tax and social charges. It allows the declaration of the remuneration of the employee or the consultant carried. From then on, the employee will be certain to benefit from the rights to health insurance, accident, unemployment, retirement, etc.
In addition to this, the CESU takes care of all salary engineering. It calculates salaries in compliance with legal and financial provisions, while integrating social security contributions. Thus, the umbrella company can use it to free itself from paperwork and administrative tasks.
Remember that the approach used to define the salary of the carried employee is particular. It is different from that used in traditional companies. There are several factors to take into account, namely: the invoicing excluding tax, the payment of the customer, the hours worked by the employee carried, the salary according to the declared hours, the bonus of objective, the precarious bonus, paid holidays, gross salary, net salary and operating costs…
This is why a whole lot of engineering must be deployed to produce an exact result. The calculation method must comply with the relevant legal, financial and tax provisions. Given the heaviness of this task, there are many service providers who offer salary engineering services.
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