How the Rate Calculator works:
The quarter, monthly and average week numbers are worked out as an average from the annual total.
The Full Week figure represents the gross pay and margin, when the worker works a full week as specified by the days per week setting.
If you have opened the Rate Calculator from a job or placement record, clicking Update Rates will transfer the Average Week gross profit amount onto the record into the Approx Weekly Margin box. The Approx Weekly Margin is displayed as currency, not as a percentage.
⚠️ Important that the rate calculator only shows an approximation and can therefore produce figures which are not always 100% accurate. Please ensure that when using this function, you review the calculations to ensure accuracy.