how to calculate long service leave on myob?
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['Go to the Payroll command centre and click Payroll Categories.', 'Click the Entitlements tab.', 'Click New and name the category Long Service Leave Accrual.', 'For the Calculation Basis, choose how you want to calculate the leave accrual.']
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Employees are entitled to leave after seven years continuous employment. This is calculated by dividing the period of employment by 60. For example, if the employee has worked for 7 years, dividing this by 60 equates to approximately 6.1 weeks.
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['Observe Time = 25 Minutes.', 'Rating of Operator = 80%', 'Considering Allowance = 10%', 'Basic Time = 25minutes x 80% = 20 minutes.', 'Allowance = 20 x 10% = 2 Minute.']
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To work out the calculation you need to add the salary and wages paid to the employee of the last five years (prior to the date of entitlement) and divide by 5. Example: An employee has completed seven years of service.
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The entitlement to long service leave is based on a qualifying period of continuous service. Employees are entitled to take 8.6667 weeks of paid long service leave after a period of 10 years' continuous service.
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['A Regular Day (basic daily rate = monthly rate x number of months in a year (12) / total working days in a year)', 'A Special Day (130% x basic daily rate)', 'A Special Day, which is also a scheduled Rest Day (150% x basic daily rate)', 'A Regular Holiday (200% x basic daily rate)']
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At 15 years, if the worker remains with the same employer there will be an entitlement to a further one month or 4.3333 weeks paid leave. If the worker is terminated or ceases work for any reason between 10 and 15 years' service, a pro rata or proportionate amount on the basis of 3 months for 15 years' service is paid.
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The calculation is based on per absence days. Absence take MAT LVE TAKE maintains the total days for maternity. An employee can earn maternity as paid leave provided they have completed their probation period. The probation period is calculated as 180 days of service from the date of joining.
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After 10 years of continuous employment, an employee is entitled to 82/3 weeks of paid long service leave. For every further 5 years of employment after the first 10 years, employees are entitled to an additional 41/3 weeks of paid long service leave.
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Salary: Choose the Equals [x] Hours per [Year] option. Enter the number of hours the employee accrues in long service leave each year. ... Example 2: Say your employees work a 38 hour week (7.6-hours x 5 days). After 10 years of continuous service they're entitled to 13 weeks of leave (494 hours).
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4.7. a) 44 working days for 10 years of service. Extended leave is accessible on a pro-rata basis after 7 years of service; b) 11 working days per year after 10 years of service; c) Pro rata accrual for periods of part time work, including work under a part time leave without pay arrangement.
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0.8667 X (multiplied by) Completed years of service = (equals) Number of weeks of long service leave owed. As a general rule, the long service leave entitlement is paid at the ordinary rate of pay, and the normal weekly number of hours of work applicable at the time taking the leave.
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Long service leave applies to most NSW employees who are full-time, part-time or casuals. If you have been working for the same employer for 10 years you are entitled to 2 months (8.67 weeks) paid leave, to be paid at your ordinary gross weekly wage under the NSW Long Service Leave Act 1955 (the Act).
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If you have been working for the same employer for 10 years you are entitled to 2 months (8.67 weeks) paid leave, to be paid at your ordinary gross weekly wage under the NSW Long Service Leave Act 1955 (the Act).
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Formula: (Basic Salary x 12 months) / (52 weeks x 7 days) x no. of leave days left to encash.
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Workers in Australia are entitled to long service leave based on legislation of the relevant state or territory, as follows: Commonwealth (applies to federal public servants): 3 months on full pay after 10 years' continuous service.
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Entitlement to Leave You can take approximately 6.06 weeks of leave after 7 years of continuous service and a further 1/5 a month's leave for every subsequent year of service.