How it Works
Ratescalc.com™ has been suitably designed to enable even the most administratively challenged to access all relevant components to easily build an accurate quotation.
Ratescalc.com™ provides the ability for your business to provide accurate quotations to the following:
- Casual/Temporary or contingent hourly rates
- Casual/Temporary or contingent daily rates
- Fixed term/Permanent hourly rates
- Fixed term/Permanent daily rates
- Shift work employees with fixed allowances
- Shift work employees with variable allowances
- Flat Rates for your contingent workforce hourly rates
- Apprenticeships and Trainees
Ratescalc.com™ allows each user the ability to accurately price any of the above scenarios to a Fixed Dollar Margin, Mark up or Gross margin!
Ratescalc.com™ has current awards and agreements uploaded into the system prior to the maturation date of each agreement, allowing all users to be ahead of the game and price business for each scenario prior to and after changes and increases to these agreements.
Need a specific enterprise agreement uploaded? Easy, just send your agreements to firstname.lastname@example.org and we will interpret the agreement and load it into your company’s specific instance of ratescalc.com™ for a small fee (See the pricing page for more details).
Casual Hourly – Normal/Ordinary rate for casual employee, calculated by adding the casual percentage specified in the award/agreement added to the permanent rate for the appropriate grade. This pay item is paid by the hour worked up to the daily or weekly Normal/Ordinary hours as specified in the award. Be sure to confirm with the client on the interpretation of Normal/Ordinary hours being paid on the specific site as there can be numerous ways to interpret within each award.
Casual daily – Some contracts allow for an employee, in this case a casual employee to be paid a daily rate. Instead of paying up to 7.6/8/10/12 hours per day for example the employee is paid 1 component/amount for the day. If an employee worked 5 days they would be paid 5 units for the week.
Full time hourly – Full-time/Permanent rate as specified by the appropriate grade of the relevant award. Full time daily – As per the casual definition but with no casual loading.
Shift with static allowances – Static shift allowance in this calculator will apply the shift allowance rate from Normal/Ordinary across all Pay Items. Example using 10% shift allowance and a perm rate of $20 – Normal/Ordinary $20 = $2 shift = $22, Time & Half $30 = $2 shift = $32 etc
Shift with Variable allowances – Shift allowance is generally calculated based on the specified % of the Ordinary/Normal base rate for a permanent employee. In most cases shift allowance is only calculated on the Normal/Ordinary Rate. In the calculator the variable shift allowance will calculate as a % of each pay item. Example Using 10% shift allowance and a perm rate of $20 – Normal/Ordinary $20 + $2 shift = $22, Time & Half $30 = $3 shift = $33 etc
Flat rates calculations – A flat rate is sometime paid instead or paying Normal/ordinary and then Overtime and loadings as required. Be extremely careful when paying Flat Rates as you must ensure that you are paying in line with the appropriate award or agreement conditions.
Perm On Hire – Perm on Hire is used when you are supplying permanent employees as opposed to casual employees. Be sure to determine before quoting if you are including the charge for permanent on-costs (Annual Leave, Carers Leave, RDO’s, Long service) in the charge rate or charging the client for these as they are taken.
Apprentices & Trainees – Apprentices and Trainees is used when you are supplying permanent employees under this classification. Be sure to determine before quoting if you are including the charge for permanent on-costs (Annual Leave, Carers Leave, RDO’s, Long service) in the charge rate or charging the client for these as they are taken. These calculators also take into consideration all rebates and incentives for these roles.
Ratesmapper – Ratesmapper has been designed to support collective agreements that many business have in Australia which in turn maps to specific awards that meet the position and duties criteria of the collective agreement. This takes out the guess work for end users in understanding and interpreting your company’s collective agreement and how it aligns to industry awards or other agreements.
SOW- Statement of work – The supply of variable forms of contingent labour as well as materials and engagement/ on-boarding costs such as Flights, accommodation, Inductions, down time, car hire, and any other equipment or materials that build your statement of work for specific jobs or projects.