Max and Average Weeks for Hourly Rate Calculation
The following 3 min 09 sec clip explains the introduction of new UK legislation that could have adversely affected employees pay increases and how to negate the problem using new Absence settings in Timegate Web:
Description of update
Due to UK legislation changes that took effect from April 2020, the calculation of average daily hours and average hourly rates is now based upon a minimum of the last 52 weeks, up to 104 weeks. Pre-version 20.3 of Timegate Web, an employee’s calculated average hourly rate could have been adversely affected by this, if they had a pay increase recently. To negate the problem, two new fields have been added to specify maximum and average weeks for hourly rate calculation. The existing fields Max Calc weeks and Avg Calc Weeks have been renamed to Maximum Weeks For Daily Hours Calculations and Average Weeks For Daily Hours Calculations respectively. These are used to calculate the average daily hours and the new figures are used to calculate the average hourly rate.