Forum Discussion

EllenR's avatar
EllenR
Experienced User
7 months ago

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...
Shella_A's avatar
Shella_A
MYOB Moderator
5 months ago

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

OldMac's avatar
OldMac
Member
5 months ago

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?

  • Princess_R's avatar
    Princess_R
    MYOB Moderator
    5 months ago

    Hi OldMac,

     

    Great question. However, it can't be done automatically so you'll need to do manual calculations to include overtime in both base pay and WRP.

     

    Cheers,

    Princess

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