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Calculating Average Weekly Earnings or Avg Rate
Depending on what Leave Type an employee is set up with, their Annual Leave will likely be paid at the higher of their Ordinary Weekly Pay or Average Weekly Earnings. Within DataPay these are known as Ord Rate and Avg Rate, and are displayed for each Employee on the Leave Summary Screen.
Ordinary Weekly Pay refers to the amount of pay that the employee received under his or her employment agreement for an ordinary working week. For a salaried employee this typically reflects their Basic Hourly / Daily Rate.
Average Weekly Earnings refers to 1/52nd of an Employees Gross Earnings for the last 52 weeks.
To manually calculate the Avg Rate, divide the 'past 52 week earnings' by the 'past 52 weeks hours worked'
For Example: (using the above screenshot)
$33,036.00 / 1280 hours = 25.80938
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