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How to set up the leave loading rate?
How to set up the leave loading rate?

Setting up the leave loading rate

Kavya avatar
Written by Kavya
Updated over a week ago

Leave loading is money paid on top of an employee's normal pay to compensate them for expenses incurred during their leave.

Step 1 - Click on "Settings"

Step 2 - Click on "Payroll"

Step 3 - Click on "Leaves"

Step 4 - Click on "Edit" beside the leave category to apply leave loading or click on "Add New"

Step 5 - In that leave category enter the Loading Rate that you wish to apply

Step 6 - Click on "Update"

Step 7 - Assign the leave category to the employee

Step 8 - Create a pay run.

In the pay run you will see the "Rate" beside the leave category which takes into account the leave loading % which was defined under settings.

 Rate = Base Rate + (Base Rate x Loading Rate)/100

Calculation for the above shown screenshot,
Here, Base Rate =30, Loading rate = 17.5
Rate = 30 + (30 x 17.5)/100 = 35.25

Step 9 - Add the leave hours of the employee and Payroo will calculate the total leave amount.

If you have any questions or feedback, email us at support@payroo.com.au
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