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...
Forum Discussion
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
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?
