Has COVID-19 impacted your organisation? Are you downsizing your workforce? Have you considered how redundancies will affect the organisation?
CTS ETP Calculator can help reduce the stress and simplify exit calculations for your organisation.
CTS ETP Calculator is a robust software solution which can process thousands of exit calculations at a time, seamlessly integrating with outputs generated by your HR and payroll system. These features will save your HR and Tax team a considerable amount of time and eliminate the risk of human error.
The calculator boasts the following functionality:
Customisable for company specific termination rules to calculate the termination payout amount
Company specific annual leave, sick leave, long service leave and RDO rules to calculate the various components of the payout to the employee on termination
Calculation of PAYG withholding tax components on each component of the payout
Concise employee report that can be provided to each employee to advise their after tax payout amount
Summary report that can be used to forecast the overall cost of terminating employees.
To learn more about how CTS can benefit your business, simply click here to email our CTS team and a team member will be in touch with you within the next business day.