Pay rate templates

KeyPay pay rate templates

Managing pay rates for a large number of employees can be an onerous task and pay rate changes happen more often than one might think:

  • Juniors’ rates increasing on their birthday
  • Apprentices moving to the next year of their apprenticeship
  • Employees switching roles
  • Employees being moved to a higher grade of their award
  • Award rates reviewed annually

This is where Pay Rate Templates come into play. Similar to the Leave Allowance Templates feature that we released earlier this year,  Pay Rate Templates enable you to create pre-defined sets of pay rates which can then be applied to new and existing employees.

Setting up Pay Rate Templates

To create Pay Rate Templates, hit the “Pay Rates” menu item in the “Employee Templates” section of the business settings.

Pay Rates

This will show you a list of the existing Pay Rate Templates and will display the number of employees that are linked to that template.

Pay Rate Templates

Either click on a template to edit it, or click “Add” to create a new template:

Create a new template

The pay rates that are not applicable to this template may be disabled – as you can see in the screenshot above, we have disabled the “Full Time – Standard” pay category.

Applying Pay Rate Templates to Employees

Once Pay Rate Templates are set up, they may be applied to both new employees (via the employee wizard) or existing employees (via the “Pay Run Defaults” or “Pay Rates” pages in the employee settings).

Applying Pay Rate Templates to Employees

Once a Pay Rate Template is selected, the rate and primary pay category for that employee are assigned automatically.

Rate and primary pay category

Opening up the Pay Rates page for this employee, we will see that he is now linked to the Pay Rate Template.

Opening up the Pay Rates page

The padlock indicates the rates that are linked to the template. If we decide to change one of the linked rates for this employee, they will be disassociated from the template.

Change one of the linked rates for this employee

Additionally, if we update the rates in a Pay Rate Templates that is linked to employees, we will be able to automatically update the rates for those employees.

Update the rates in a Pay Rate Templates

Reporting

To assist with employees whose pays must be reviewed/updated on their birthday, we’ve also introduced a new “Employee Birthdays report”. This can be found in the “Reports” section of the site.

Employee Birthdays report

This report will inform you about which employees are having birthdays within the specified date range so that preparations can be made to adjust their pay rates (and buy birthday cakes!).

Conclusion

Pay Rate Templates should be a huge time saver for medium to large sized businesses. Maintaining a set of rates in one place and then applying them to employees will also reduce data-entry errors, ensuring happy (and correctly paid) employees!

Kate Brown

Marketing Manager at KeyPay

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