Employee Award Categories
As a business owner you need to know a lot about the rules and regulations around what you need to provide to your employees. If you have a range of different types of employees this can be even trickier. Do you know the employee award categories for each employee?
Using a payroll solution that has the “award rules” built into it can save you a lot of time and money.
Do you know the answer to the following for each of your employees?
The standard pay rates, penalty rates, allowances for each age bracket in each award classification?
Pay conditions such as overtime rules, allowances, public holiday rates, time in lieu and shift penalties?
Leave entitlements including long service leave?
Superannuation requirements?
Automatic pay increases if an employee moves to a different age bracket, apprentice adjustments or anniversary increase requirements?
If you answered no to any of the above questions perhaps an automated payroll solution will help you enormously. Imagine using a solution that was kept up to date with award changes so that you didn’t have to. Sure you need to be across what’s required, but if you have a solution that can apply those changes as and when they happen, how much easier will that be for you?
Here is something to consider about employee award categories. Imagine being able to:
Have pay templates already set up with standard and penalty rates as well as allowances for each age bracket and classification of employee that you have
Have all of the pay conditions predetermined – allowances, overtime, public holidays, time in lieu and shift allowances already built in to the system
Set up leave templates that track all leave entitlements include long service leave
Automatically adjust superannuation thresholds and cope with employee changes should they want to incorporate salary sacrifice into their employee conditions
Accommodate pay rate increases for age bracket pay increases, apprentice wage changes each year and anniversary increases
How much easier does that sound? How much time would that save you each time you do your payroll?
The solution is simple. Contact us today to schedule in your complimentary consultation to discuss your requirements.