3 Budget proposals that will affect your payroll and how we’ve got you covered!
October 15, 2019
by Maxine Micallef - Digital Marketing Specialist
1. Weekly cost of living adjustment increase of €3.49
Indigo Payroll provides the necessary tools to facilitate the application of this increase across your workforce. All social security contributions will be updated in our systems accordingly, making sure you are running your payroll with the latest updates!
2. An extra day of leave for all workers
As always, all Indigo administrators will have the flexibility of updating leave entitlement and allocation accordingly. We ensure to give you the right tools to simplify as much of your workflow as possible.
3. The first 100 hours of overtime in the year for workers whose salary does not exceed €20,000 annually and who does not work in a managerial position will be taxed at 15%
It sounds like a headache for payroll, doesn’t it? Not to worry, we’ve got our teams lined up to do the hard work so you don’t have to!
Indigo will be updated in accordance with the approved changes pertaining to overtime, allowing for automated calculations following the new regulations.
Make sure to watch this space and follow our social feeds for more updates about new feature implementations and software updates!