Allowance for Worker Retention Grant
My client has just been approved for the Worker Retention Grant for child care centres. The grant allows employees to be paid 10% more of their award rate (Children Services Award). For the reconci...
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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
How do you process overtime effectively? do you need to calculate manually?
Hi OldMac,
No need to crunch the numbers yourself! AccountRight’s got two overtime categories built in, just whack them on your employee and it will does all the calculations for you. If you want the nitty-gritty, you can check out the full details in the link. It has the detailed information you needed on how overtime works in MYOB.
Cheers,
Shella
Thanks Shella
Just to clarify, it was in relation to the Allowance category created for the worker retention payment (WRP) in Child Care. We will be separating the WRP from the base rate as an allowance, so I'm assuming we will have to calculate the OT manually to include the base rate plus the extra amount? Or does MYOB have a way of including both categories for OT?
Hi Princess,
Thank you, when we receive the grant where do I add that amount to? Or is it supposed to be linked to another income in MYOB.
I set up a new account in other income (81 number).
When is all finished you can reconcile how much money was spent on the employees and how much you received from the government via CCS payment. If the money you spent on wages is greater than the amount earned then you will get extra money. If it is the other way round, you received more money that was expensed through wages, then you will need to refund that amount.
I also enter the amounts into my spreadsheet every payroll so see how it is going.
For me, it looks like I will need to refund at the end.
Hope this helps.
Regards
Ellen
Thanks Ellen
