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