The Rates and Awards module allows companies to automate the pay rates for Awards / Enterprise Bargaining Agreements (EBA) in the Adapt system when creating contract jobs.
The ‘Award Interpreter’ is a separate module which allows companies to automate the allocation of pay types in a timecard, based on specific rules. Note the Award Interpreter is an add-on module to the Rates and Awards module.
Award / EBA – umbrella for rate records
Rates – individual pay rates for each Award / EBA
Allowances – linked to Rates and rules defined for allowance allocation on the timecard
Overtime Rule – linked to Rates and rules defined for pay rate allocation on the timecard
Workers Compensation (WIC) – linked to Rates. A set on cost which is used to determine the margin or charge rate in conjunction with the other on costs linked to the pay type
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