Allowance for Worker Retention Grant

Hi EllenR,

To set up the Worker Retention Grant allowance in MYOB, you'll need to create a separate allowance pay item for the 10% award rate. You may head to payroll and create a new pay item classified as an "Allowance". Name it something like "Worker Retention Grant". Set it as a fixed percentage (10%) of the base hourly award pay rate for each employee's classification under the Children Services Award. Ensure the payment applies not just to normal hours but also to any leave and leave loading, as per the grant conditions. You can check this link for the complete guide.

This setup will keep the grant amount separate for correct reconciliation while meeting all requirements. Let me know if you need a hand setting it up!

Regards,

Shella

Hi Shella,

How do I apply for all workers? Each worker earns a different award rate, so the 10% is also different for each worker. I created a new pay item only for one worker as her 10% is $3.80, but I can't create a new one for each worker, or am I missing a step?

Regards

Anna

Hi Anna7364,

You’re on the right track, there’s nothing you’ve missed! You can create a new pay item for each employee if you need to use different award rates, but heads up, it can be a bit of extra work since your list of payroll categories starts piling up. 

As of now, MYOB doesn’t have a feature that automatically assigns different hourly or earnings rates to employees, so you’ll need to manage this manually. One handy workaround is to make a wage category with a zero pay rate, then simply pop in the right amount for each employee for every pay run. Or, you could set their type to salary and just enter the total each time instead.

Cheers,

Princess

Hi Everybody,

I set up an allowance called "worker retention grant" and then linked all the staff who got it. There was one employee who was not covered by the grant. The centre also uses Tanda as an add on and Tanda keeps track of the current rates according to the award. No less thing to worry about, however I do check in MYOB occasionally to make sure the award rates are correct. I did a pay run last week and found it was very easy to do the grant. Admittedly, I did have to manually enter the amount of the grant. I just added the wage amount and the overtime amount then dived the total by 10 and entered this amount into the grant category. Payroll was only marginally longer.

Regards

Ellen R