Smart, easy-to-use software

to manage your 

wage compliance and profits

Business compliance software to ensure accurate employee payments, client charge rates and quotes. All at the click of a button!

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With all the features you need

Let our secure business compliance technology guide your company’s processes 

Client

Quotes

Prepare and send quotes to your clients from your everyday system in just a few clicks directly from inside the RatesCalc.com platform.

Wage

Compliance

Keep your award pay rates accurate and your business compliant with all industrial agreements, EBA's and awards all in the one platform.

Profit

Margins

Control and maintain Business profit margin erosion to eliminate potential human error with accuracy and peace of mind !

Employment Contracts

RatesCalc.com allows you to generate accurate, compliant employment contracts and receive notifications with updates in real time.

RatesCalc is a multi-award winning platform

RatsCalc.com and its business compliance software solution are extremely proud to have won and made Deloitte’s Fast 500 Technology for APAC. Not only did we make the list based on the growth we also came within the top 100. 

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How we work

Start Your Journey

It's time to take your business compliance journey seriously.

We can help by starting with RatesCalc.com, an online software that will teach you about all of the different ways businesses like yours are regulated and why they're important in today’s world - so click "Start today" now!

Set Up Your Journey

One of the key challenges when it comes to technology adoption is making sure that everyone in your business understands how and why they should use these new tools. We're here with you every step along the way!

Enjoy The Benefits

Reap the benefits of not only saving your business thousands of hours and dollars, but also joining an international network. You'll be able to tap into a thriving community full or compliant businesses owners who are happy with RatesCalc.com

Ensure Your Business Is Fully Compliant

RatesCalc.com is the worlds only software that can manage compliance and governance for your workforce. Features include managing modern award updates with accurate pay rates to ensure wage compliance across all industry sectors, as well as providing real profit margins management & employment contracts tailored specifically towards any arrangement of work you or your clients manage today or into the future.

Support

Support is just as important to us, if not more so than you. The team at RatesCalc has invested in 100s of video tutorials that are available for every workflow and section within the interface allowing us to answer 99% of you queries . We also run 7am-7pm Monday through Friday including after hours service where clients may need it depending on their package inclusion and their needs.

Purpose Built

RatesCalc.com has been developed by industry professionals to solve real world problems in the forever changing staffing industry and supply chain. Our system stays constantly accurate to maintain a compliant industry for you and your clients, this is not a solution built from an idea, it's built from experience to solve your highest risk profile.

Feature Rich

The RatesCalc.com System is packed full of features to support any employment type within its operating markets with flexibility that can offer simple or complex user configuration capability for any industry and any number of business scenarios. RatesCalc.com has the capability to adapt to any type of business model with our multi factor hierarchy settings and our many integration partners to act as the staffing middleware of choice across the globe.

Australian made technology

Our award winning business compliance software Ratescalc and team are very proud of our Australian Made and Owned status. We are one of the few Australian software platforms and we are the only business compliance application to be able to handle awards, pay rates, profit margins, employment contracts, increases and quotes all in one platform. Ratescalc.com truly is software like no other. 

What Our Clients Say About Us

Our clients range from SME to ASX and Fortune 500 companies across every industry sector.

About Us

As an organisation we see RatesCalc for our success for the future and a product that will provide us with a distinct market edge whilst providing peace of mind.

Tom Reardon

CEO People Infrastructure

There are so many efficiencies in using Ratescalc it’s hard to just choose three- but for our business, it must be Contract management, Seamless integration with our other systems, and speed in quoting. I have no issues anymore with simple mistakes by my team and I have Ratescalc to thank for that.

Simon Middlebrook

General Manager - Skillforce

This software is excellent for service-based companies that ‘On-Hire” contingent workforces and provides accurate quotes and employment schedules easily. It’s easy to use, has validation mechanisms in-built to ensure you get it right every time!

Glenn Genrich

General Manager NSWBC

You will not find a better software solution on the market. Ratescalc understands employment and have lived and breathed our pain points as professionals and in turn created maximum business efficiencies to empower compliance and in turn our bottom line.

Sally Sage

KM Community & Work Ready Resources

Latest Blog Posts

28 Oct, 2024
New legislation affecting direct hires and labour hire employees
By Chan B 27 May, 2024
Waiting on the CPI increase?
By Col Levander 02 Apr, 2024
Margin vs Markup: They’re Not the Same! In business today the two terms are becoming confused and are used interchangeably. To really mean ‘gross margin’, particularly in the contracting and recruitment industry. The misunderstanding of this calculation can make a huge difference to your bottom line. Failure to price products and services with a sufficient markup or margin can seriously impede a business’ financial success. Rate Transparency Whether strategic or otherwise, finding a recruitment company with transparent rates is becoming far more uncommon these days. Recruitment is a fast paced and high turnover industry. For the most part, many recruitment consultants are unaware of the strategies and calculations behind margin and markup setting or what the difference means. The reality is, they are guided by business guidelines or historical data for guidance on what margins they apply to contracts. Contracts are becoming more and more difficult to read and determine. As the old adage goes, the devil is in the detail. Whether you are a client seeking a candidate, or a contractor being engaged to work with a client, not knowing how to translate the finer details of a contract should be something that you look at rectifying quickly. Margin vs Markup in Recruitment A tremendous amount of work goes into making a placement for recruiters. Knowing the difference between margin and markup is critical. Having a markup that is too high can result in a loss of clients. Too low, and it could cost your business. The difference between the two is what will impact your business profits. What is a Markup? Simply, a markup is the amount added on to the base cost of a product or service to make a profit. Putting a markup on your product or service means that you make a profit on sales, by selling it a higher price than what it cost to create it. Markup is most commonly conveyed in percentage form. This offers consistency in creating a comparative amount of money regardless of the costs of your products, whether up or down. The higher the markup the higher the price, this can be applied across various services or products. Markup relates to the cost of the service to the customer. Now similarly, in recruitment: ‘A markup is percentage added to a contractor’s daily fee payable to the recruitment company.’ For example: If your contractor has a daily charge rate of $200.00 and your company markup is 15%. Your client daily charge rate is then equal to $230.00, giving you a markup fee of $30.00. Contractor Daily Charge Rate:$200.00 Markup%:15% Markup Fee:$30.00 Client Daily Charge Rate:$230.00 The daily charge rate to your client can be calculated as such: Client Charge Rate = (Contractor Daily Rate x Markup%) + Contractor Daily Rate Client Charge Rate = ($200.00 x 0.15) + $200.00 Client Charge Rate = $30.00 + $200.00 Client Charge Rate = $230.00 Now, if you are a client wanting to know what the agency markup is, this can be calculated as such: Markup% = ((Client Charge Rate – Contractor Daily Rate) / Contractor Daily Rate) / 100 Markup% = (($230.00 – $200.00) / $200.00) / 100 Markup% = ($30.00 / $200.00) / 100 Markup% = 0.15 / 100 Markup% = 15% As you can see, the markup is a crucial figure in your recruitment business calculations as this number determines your actual charge rate. What is a Margin? Margin is the percentage of the final selling price. In the case of recruitment, it is the percentage of final client charge rate. Unfortunately, many businesses make the mistake of calculating client charge rates using markup; mistakenly assuming that the markup percentage is the ultimately their ‘gross profit margin’. The higher the margin the higher the profits in the business. Margin relates to the monetary value to the business. In recruitment: ‘Taking the contractor charge rate plus the agency fee, the margin is the percentage of total client charge rate.’ Using the same example above: If your contractor has a daily charge rate of $200.00 and your business requires a minimum of a 15% margin to make a profit; your client daily charge rate is then equal to $235.30. Contractor Daily Charge Rate:$200.00 Margin%:15% Client Daily Charge Rate:$235.30 Based on the desired margin of 15%, the daily charge rate to your client can be calculated as such: Client Charge Rate = Contractor Daily Rate / (1 – Margin%) Client Charge Rate = $200.00 / (1 – 15%) Client Charge Rate = $200.00 / (1 – 0.15) Client Charge Rate = $200.00 / (0.85) Client Charge Rate = $235.30 Margin or Markup – So which should be used? Looking at the examples above, 15% Margin Vs 15% Markup on a base rate of $100.00 – the difference in dollars and cents is quite stark so this decision is hugely critical for your business. It is widely recommended that for businesses, using margin to calculate your selling price is more beneficial and advisable. Doing so accurately measures the profit of sales. It is important to identify your business’ desired profit margin and from there, calculate the client charge rate or selling price. Below we have included a markup vs margin chart so you can see visually the difference and focus on the relevant rate for your business. Markup Margin 15% 13% 20% 16.7% 25% 20% 30% 23% 35% 25.9% 40% 28.6% 45% 31.03% 50% 33% 75% 42.9% 100% 50% Further explanation videos:

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