When conducting a reconciliation of your employees' accrued leave records the daily rate of annual leave, personal leave and long service leave (if applicable) must be calculated.
- Calculate The Daily Rate Of Accrual For Annual Leave
Example
Employee is working 38 hours per week and gets 4 weeks of annual leave per year (38 x 4 = 152.00 hours).
Accrued Annual Leave rate- 152 divided by 365 = 0.4164383 per day. This means that Wagemaster is incrementing this decimal every day. You can repeat the steps for 40 hours per week with 160 hours/year.
- Click on Personal Leave > Accruals tab Calculate The Daily Rate Of Accrual For Personal Leave
Please Note:
This was known as Sick Leave prior to the introduction Fair Work Act.
Example
Employee is working 38 hours per week and receives 2 weeks of personal leave per year (38 x 2 = 76.00 hours).
Accrued Personal Leave rate - 76 weeks divided by 365 = 0.2082191 per day. This means that Wagemaster is incrementing this decimal every day.
- Click on the Long Service > Accruals tab. Calculate The Daily Rate Of Accrual For Long Service Leave
Example
The employee is working 38 hours per week and receives 8 2/3 weeks leave after 10-year service. (Dependant State's Long Service Leave Legalisation).
Accrued Long Service Leave - (38 * 8 2/3) = 329.333333 hours divided by 10 to get the accrual rate per year = 32.9333. This means that Wagemaster is incrementing by (32.9333 / 365) = 0.09023 hours every day.
Continue to Calculate The Number Of Days From The Employee's Commencement To Today's Date.
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