What is the ordinary pay rate?
Ordinary pay rate refers to the amount of money an employee receives for the hours they work at their normal rate of pay, excluding any additional payments for overtime.
The ordinary pay rate is typically determined by the relevant industry award, enterprise agreement, or employment contract.
The specific ordinary pay rate can vary depending on factors such as the industry, occupation, and level of experience. It is generally set to ensure that employees receive fair compensation for their regular work hours.
*Source:Ordinary pay rate
How can Workstem assist you?
Simplify your payroll management with Workstem’s automated payroll system. We handle easy payroll by integrating employment information, attendance, leave, payroll, tax, superannuation and more into one master file.
By automating the payroll process in accordance with Fair Work and EBAs, Workstem simplifies tasks such as gross pay, overtime pay, allowances, loadings, and leave cashing out. The STP 2 reporting feature also enables businesses to comply with ATO.
Keep track of compliant payroll processing at its finest with Workstem, boosting efficiency and eliminating the need for tedious manual operations. Join us today!