Assisting You to Interpret Your Reports – Direct Credit Schedule

This is our fourth instalment of the guide, we hope this will aid you in understanding the payroll reports and enable you to obtain the most information possible from them.  

It is important to note that the company used to generate these reports is fictitious and purely a test company so some of the figures in the reports will appear to be incorrect. Please disregard the actual figures in the guide; it is the format of the reports that is important. Our aim is for you to become more familiar with them.

“Direct Credit Schedule”

The Direct Credit Schedule lists the amounts to be direct credited for each employee for the pay period.

A) Company name, pay group or frequency, pay run type (main or manual), and period end date

B) Printing date and time stamp

C) Banking Option – Datacom, Manual or Other Bank Account Number. Direct Credit Date – the date that the money will be transferred from the bank into employees’ accounts

D) Account Number – employee bank account numbers to direct credit into

E) Employee Particulars, Employee Code, Employee Reference – details to appear on employee’s bank statements

F) Amount – final amount to be paid into employee’s bank account

G) Dishonour Flag – warning regarding dishonour

H) Total – total amount to be direct credited from the company

I) Bulk Direct Credit Summary – summary of direct credits that go in bulk, e.g. PAYE Intermediary, superannuation

This report can be sorted by employee surname (default) or employee code. It can be grouped and filtered by costing (division, cost centre, or department), and with page breaks between costings, if required.

Hassle Free Timesheet Importing Through NetPay

You are able to import your timesheet when running your payroll by clicking on “Timesheet Import” in the “Process Payroll” tab. All there is to do is to save your timesheet in a CSV format and it is just a matter of a click of a button.

First, you will have to save your timesheet. Then, all you have to do is to “Upload” your timesheet, click on “Browse” and locate the correct timesheet you want imported. Select “Upload” which is the button situated beside “Browse”. Your timesheet will then get imported onto the system. When the import process has completed you would have to “Submit” your timesheet.

Once the timesheet have been submitted you will be redirected to the “Pay Group List” and you will be able to view your timesheet details. If you are using “Time and Attendance” system all you have to do is give the NetPay Team a call and we will assist you with the set-up. Then all there is left to do is to submit your T&A onto your supplier and they will convert the file for you. 

For more information on Timesheet Importing, give the NetPay Team a call on 0800 856 856

Do Pretty People Earn More?

Research, reality can be at odds over the ugly truth

Studies show attractive students get more attention and higher evaluations from their teachers, good-looking patients get more personalized care from their doctors, and handsome criminals receive lighter sentences than less attractive convicts. But how much do looks matter at work? The ugly truth, according to economics professors Daniel Hamermesh of the University of Texas and Jeff Biddle of Michigan State University, is that plain people earn 5 percent to 10 percent less than people of average looks, who in turn earn 3 percent to 8 percent less than those deemed good-looking. These findings concur with other research that shows the penalty for being homely exceeds the premium for beauty and that across all occupations, the effects are greater for men than women.

A London Guildhall University survey of 11,000 33-year-olds found that unattractive men earned 15 percent less than those deemed attractive, while plain women earned 11 percent less than their prettier counterparts. In their report “Beauty, Productivity and Discrimination: Lawyers’, Looks and Lucre,” Hamermesh and Biddle found that the probability of a male attorney attaining early partnership directly correlates with how handsome he is. Size matters, too. A study released last year by two professors at the University of Florida and University of North Carolina found that tall people earn considerably more money throughout their careers than their shorter co-workers, with each inch adding about $789 a year in pay.

A survey of male graduates of the University of Pittsburgh found that the tallest students’ average starting salary was 12 percent higher than their shorter colleagues’. The London Guildhall study showed that overweight women are more likely to be unemployed and that those who are working earn on average 5 percent less than their trimmer peers.

According to Dr. Gordon Patzer, who has spent more than three decades studying and writing about physical attractiveness, human beings are hard-wired to respond more favorably to attractive people. Even studies of babies show they will look more intently and longer at prettier faces.

“Good-looking men and women are generally judged to be more talented, kind, honest and intelligent than their less attractive counterparts,” Patzer says. “Controlled studies show people go out of their way to help attractive people -- of the same and opposite sex -- because they want to be liked and accepted by good-looking people.”

These conclusions may not sound too pretty to those of us who were dealt a bad hand in the looks department. But don’t rush off to try out for the next round of “Extreme Makeover” just yet.

Despite what the research says, some of the world’s most successful people have been ordinary looking at best, and you would never mistake the faces in Fortune for those in Esquire or Entertainment Weekly. Business legends are often of average height (Bill Gates at 5 feet 9 inches) or even diminutive (Jack Welch, 5 feet 8 inches, and Ross Perot, 5 feet 7 inches). What’s more, many folks who are lovely to look at complain that they lose out on jobs because people assume they are vacuous or lightweights.

How does this reconcile with all the research? Hiring managers say it is the appearance of confidence they find attractive, not the presence of physical beauty. And they contend that attractiveness has more to do with how you carry yourself and the energy you exude -- rather than having perfect features or a great physique.

According to Gordon Wainright, author of “Teach Yourself Body Language,” anyone can increase their attractiveness to others if they maintain good eye contact, act upbeat, dress well (with a dash of color to their wardrobe) and listen well. 

Wainright also stresses the importance of posture and bearing and suggests that for one week you stand straight, tuck in your stomach, hold your head high and smile at those you meet. 

Based on many such experiments, Wainwright predicts you will begin to be treated with more warmth and respect and start attracting more people to you.

Kate Lorenz is the article and advice editor for CareerBuilder.com. She researches and writes about job search strategy, career management, hiring trends and workplace issues.

By Kate Lorenz

http://edition.cnn.com/2005/US/Careers/07/08/looks/

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