Along with the December 2015 regular monthly payroll, a payment (Earnings update) called 'Well Being' is also required to be processed as per Boeing's requirement. This Well Being is related to BOTM Gift Card. We are attaching a spreadsheet containing the details of 'Well Being' amounts that need to be processed through the December 2015 payroll.
We are communicating this information to your office prior to the payroll initiation so as to give you time to go through the information that is required to be processed. Please note that the amounts given in local currency in the attached spreadsheet (refer column 'E') need to be processed in the payroll.
Also, there may be some terminated employees appearing in the Well Being list. IF, and only IF the amount needs to be taxed in their home country then please include on the payroll. As the company pays the tax the net affect to the employee will be 0.
We are additionally attaching a word document containing the details on how the 'Well Being Award' amount needs to be reported in the payroll calculation. The document also contains information pertaining to the component code, description etc.
The Well Being Award can be taxable/non-taxable and reportable/non-reportable based on the legal requirement in your country.
Feel free to let us know incase of any questions at the earliest so that we can provide you the clarification prior to commencement of the December 2015 payroll.