Modern awards are set by Fair Work and provide pay rates and conditions of employment such as leave, overtime, and shift work entitlements. KeyPay offers an extensive list of pre-built modern awards ready to go so you can be compliant in payroll. Our modern awards are also kept up to date, so you can rest assured your award calculations comply with Fair Work.
New award rules for annual wage arrangements
As of 1 March 2020, the Fair Work Commission rolled out changes to several Modern Awards. One of these changes requires employers to ensure that annualised wage employees are paid no less than what they would have received if paid under an affected award.
To ensure compliance, annual reconciliation of employee wage arrangements vs. Modern Award wages would usually be a very complex and manual process. KeyPay streamlines these obligations and saves hours of manual work by:
Pay your Australian employees correctly, each and every time
How does the award interpreter help you?
You can select a pre-built award from our library or use our pay conditions engine to build your own Enterprise Agreement, ensuring your payroll is processed to your unique payroll scenario.
Pay above the award?
We have you covered. All our pay categories are linked, so if you change employees’ base rates, all other penalties under the award are automatically updated.
Built-in rule tester
Interpret employees’ timesheets and calculate their costs at any time. You can also view what pay conditions will apply. Why wait until after you finalise the pay run and view the reports to find out the final cost? Save your time and money with KeyPay.
Ensure your employees are paid at the correct rate according to Fair Work, and never worry about a payroll audit again. KeyPay manages all Fair Work Commission updates for you, giving you peace of mind.
Automated birthday / anniversary adjustments
You’ll never have to remember or keep track of employee birthdays. KeyPay automatically updates birthday and anniversary pay rates for junior, apprentice, and trainee employees so you don’t have to think about it.
Tailored to you
Whether it’s weekly, fortnightly, four-weekly or monthly, KeyPay’s shift period options auto-calculate overtime. This removes the mess of calculating hours worked, and lets payroll administrators re-focus their attention to more important tasks.
Remove manual calculations of higher duty payments and allowances using our built in rules associated with awards and Employment Agreements. Calculate overtime across a defined period, automatically accrue time in lieu, and so much more.
Do you pay different wage rates, penalties, allowances, or overtime based on location, cost centres, day of the week, or public holidays? Perhaps you have shift workers? Automatically calculate based on specific working requirements and spend less time on manual processes.
If your staff accrue Rostered Days Off, or Time Off in Lieu of overtime, automate these accruals with rule sets using our pay conditions engine. Maintain correct balances automatically and let KeyPay do the heavy lifting for you, giving you the peace of mind you should have for every pay run.
Automated custom super threshold
Tailor minimum monthly superannuation threshold amounts according to award requirements. Super automatically accrues on Ordinary Time Earnings pay categories.
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- Flexible Payroll
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