From the first full pay period on or after 1 July 2024, the adult minimum award wages increased by 3.75%. In response to the award rate increase and all future changes, we have launched our new Update Awards feature, which was developed by integrating the Fair Work Commission MAPD API. This functionality streamlines the important task of changing the hourly rate to align with revisions established by the FWC.
Upon logging into e-PayDay Go, a notification will appear on the dashboard, prompting you to review the current Modern Awards in use.
Our Update Award feature makes light work of the increase.
With this simple but powerful tool, you can choose whether to adjust the above-award rate in accordance with the rise or absorb the change.
Adjustments due to the award rate increase can be readily implemented for the payee.
Once you have completed reviewing the Awards and made the necessary changes, you can review the payees. As many calculations within the payees are based upon the Award, each payee must be reviewed, ensuring accuracy when processing a pay run.
When processing a pay run, you are prompted if the Award details are changed, ensuring you don't overlook meeting your obligations.
When processing a pay run, you will be notified if there are changes to the Award to review.
To update employee information, simply make your edits, and a notification will appear to confirm the changes.
Enhancements to e-PayDay Go are ongoing to improve core capabilities and assist with arduous compliance requirements.
Our dedicated and passionate development team continuously work on creating new features and tools to help employers fulfil their payroll responsibilities, and we have numerous exciting new additions on the way.
We recommend reviewing our disclaimer concerning the content of this post to remain informed and make suitable decisions for your circumstances.
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