When a leave category is configured with a region of New Zealand, you will have the option to set the Rate Calculation Method as Multiple or Dynamic Rate.
If the Rate Calculation Method is set as Dynamic Rate, you will need to select which calculation should be applied. By default, the field will default to ‘-None-’ however a selection from the following is mandatory:
- Average Weekly Pay (AWP)
- Ordinary Weekly Pay (OWP)
- Greater of Average Weekly Pay or Ordinary Weekly Pay
- Average Daily Pay (ADP)
- Relevant Daily Pay (RDP)
- Greater of Average Daily Pay or Relevant Daily Pay
The calculations used by the system to determine a dynamic rate value will depend on the Rate Calculation Method that you select.
When a dynamic rate is used in an employee's pay, you can confirm the calculation that has been used in Payroll > Process Payroll > Process Payroll. The Rate Substantiation details will depend on the Dynamic Rate being applied. For further information, please refer to the relevant articles below:
Dynamic Rate calculation data is also visible in Pay Conditions.
Dynamic Rates Report
The Config > Leave > Dynamic Rate report lists the Dynamic Rates that are enabled in a portal by region. You can export the list as a .csv or .pdf file.
Click the name of a Dynamic Rate to view and modify the pay items that are included as part of the gross pay value used in the Dynamic rate calculation. If ‘All Pay Items’ is ticked, you won’t see a list of the individual items.