Award Rate is the default payment type for ordinary pay (OTE) and is automatically allocated to all employees. These payments will be taxed at the marginal rate, which is the same tax rate as their NORMAL Pay.
All payments made using this type will be calculated using the base rate, from the following sections, in the following prority;
- The Award Rate Pay Rate, where the set rate (100%) has been changed
- The Employees Advanced Pay Set Up unless Calculate Base Rate on Advanced Pay Settings is selected,
- The Employees Special Award Rate,
- The Employees Hours paid at $ in their Award & Agreement.