NEC - Commercial

Modified on Sat, 21 Oct 2023 at 06:28 AM

 

Payment Date
Contributions should be paid by the last day of the month in which the contributions are deducted leaving no grace period.

To create a NEC contribution code:
- Go to the 'Edit' then 'Transaction Codes' menu options
- Press 'Insert' then select the 'Deduction - NEC' transaction type
- Accept/ change the default 'Code' and enter an appropriate 'Description'
- In the case of NEC - Commercial the contribution is a rate rather than a percentage. Keep the radio button on 'Amount'.
- Type in the contribution amount for the employee and employer
- There is no 'Threshold' since an 'Amount' as been selected
- 'Pension Deducted' does not apply since an 'Amount' as been selected
- Click 'OK' to save

To see the NEC requirements regarding the records that should be maintained see FAQ topic 'Records'.

To contact NEC for the Commercial Industry:
HARARE
Head Office:
16 Luck Street
P O Box 1620,
Harare
Tel: 773081 - 3, 781344, 781007, 781407 - 8
Fax: 773084
Email - Head Office: nechq@mango.zw
Email - Mashonaland Region: necharare@mango.zw

BULAWAYO
32a Samuel Parirenyatwa Street
P O Box 2035
Bulawayo
Tel 60423/ 78198
Fax: 76285
email: necbulawayo@mango.zw

GWERU
51a, 7th Street
P O Box 157
Tel: 222435
Fax: 225412
email: necgweru@mango.zw

MASVINGO
59 Hofmeyer Street
P O Box 558
Tel: 264172
Fax 262820
email: necmasvingo@mango.zw

MUTARE
Unit 1, Manica Centre
118H Chitepo Street
P O Box 895
Tel: 64719
email: necmutare@mango.zw

Extracts from the NEC for the Commercial Sectors of Zimbabwe regulations:

ORDINARY HOURS
Section 5
- 48 hours per week for selected employees (max 12 hours in any 24 hour period)
- 45 hours per week for all other employees (max 9 hours in any 24 hour period)

CONVERSION RATES
Section 6
Monthly rate converted to Weekly = Monthly Rate/ 4.3333
Fortnightly = Weekly rate * 2
Hourly = Weekly Rate/ Ordinary hours (45 or 48)
Daily = Monthly Rate/ 22 or 26 for 5 and 6 day weeks respectively

OVERTIME
Section 7
- Not obligatory - an employer may request, but not require, an employee to work overtime
- Rate - 1.5 - (time and a half) - for work done on a normal working day
- Rate - 2.0 - (double time) - for work done on an off day
Times rounded upwards - any time above 1/4 hour to the nearest 1/2 hour

TIME AND WAGES RECORDS
Section 11
Every employer shall kepp a record of all employees showing the following:
a) Name in full and ID particulars
b) Occupation and grade
c) Number of daily hours worked
d) Rate of wage or salary
e) Amount due for ordinary time sorked
f) Hours of overtime worked
g) Amount due for overtime
h) Gross total of ordinary and overtime wage or salary
i) Deductions (sprecify)
j) Net wage or salary due
k) Signature of employee for receipt of wage or salary where it is paid in cash
 

GRATUITIES
See this link for information about the rates and processing of Gratuities for employees who have completed ten (10) or more years of continuous service


Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons

Feedback sent

We appreciate your effort and will try to fix the article