How can I show casual holiday loadings as a separate amount?
Some awards stipulate that payslips should show casual hourly rates and casual holiday loadings as separate amounts. In these situations, you create a holiday loading category that is one-twelfth of the base hourly rate.
For example, if the base rate for permanent staff is $24 an hour, a casual would earn $26 an hour (that is, $24 plus one-twelfth). If the casual earns time and a half, their rate would be $24 multiplied by 1.5 plus the $2 holiday loading, equalling $38 per hour. (Their rate would not be $26 multiplied by 1.5, which would be $39 per hour.)
University mathematics aside, here’s how you get everything to work out using MYOB payroll
- Enter the casual hourly rate as the Hourly rate in Employee Payroll Information for each employee.
- Create a new wages category called Holiday Loading. Select Hourly for Type of Wages and enter 0.0833 in the Regular Rate Multiplied by field (1 divided by 12 equals 0.0833).
- Click Employee and select all casual employees as being eligible for this category.
Now, to get this loading to show up on every pay:
- Complete the casual’s pay in the same way you normally would. Once all details are complete, total the number of hours worked.
- Pay this number of hours in holiday loading, showing it as a separate line in the pay.
The contents from this page are taken from the MYOB Payroll eBook series, by Veechi Curtis, available online for only $9.95 each.
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