We've added a new option to the Day rate calculation method dropdown, used when setting up a team member's pay information. Annualised days are automatically calculated based on the employee's work pattern. This means that the calculation will respond automatically to work pattern changes accordingly.
How it works
The system counts the number of working days (Y values) in the employee's work pattern and multiplies by 52. For example, an employee working 5 days per week automatically gets 260 annualised days. If the work pattern changes, the annualised days update dynamically.
Mid-period work pattern changes - Annualised vs Work Pattern:
Annualised days: Creates separate annualised daily rates for each work pattern based on that pattern's specific annual working days, then applies each rate to its respective working days in the period. Where there is a mid-period change, the day rate value displayed will be a blended rate.
Work Pattern (yearly basis): Creates a single averaged daily rate by dividing the yearly salary by the total working days across all patterns in the year, then applies this one rate uniformly to all working days in the period.
📌Note: Other day rate calculation methods remain available to use. Your existing setup will not be affected unless you choose to change to the new option.