Pro Rata

What is the award rate?

Award rates are the minimum wages, benefits, and terms that are applicable to the majority of workers in a given sector or profession. They are included in contemporary awards and are determined by the Fair Work Commission. Current awards are based on industries or occupations and offer workers a safety net of minimal terms and conditions of employment.

Modern awards undergo frequent reviews and updates to make sure they continue to reflect shifts in the community’s expectations, the state of the economy, and industry standards. Employers are required to pay their staff at least the minimum amounts specified in the relevant current award.

Today, there are more than 100 awards across a range of professions and sectors, such as the Nurses Award and the Hospitality Industry (General) Award. The minimum pay rates, allowances, and conditions for personnel covered by modern awards are specified. For instance, workers in the hospitality sector, such as cooks, kitchen attendants, and waitstaff, are covered by the Hospitality Industry (General) Award. It details the conditions, allowances, and minimum pay rates for the employees.

In addition to making sure they pay at least the minimum rates specified in the current award, employers also need to be clear about which award covers which employees. Penalties and legal action may follow nonpayment of award rates.

How to make payroll efficient with Workstem?

Simplify your payroll processes with Workstem’s all-in-one platform, handling onboarding, time and attendance, award interpretation, payroll, STP 2, superannuation and more.

Customise attendance entitlements, auto-track attendance data, streamline the payment process and keep compliance with Fair Work award through our AI Engine. Workstem provides a complete solution for efficient payroll management and regulatory compliance.