An annualised salary is the amount an employee is entitled to earn based on their award pay rates and hours they have actually worked.. An annualised salary reconciliation is the process of checking the employee’s salary covers what they are entitled to based on the award and the hours that they’ve actually worked.

So, the annualised salary meaning is typically employers looking to confirm that they’ve actually paid a high enough salary to cover what the employee is entitled to. This is done by looking at the employees annualised wage vs salary.

The best way to calculate an Employee’s annualised salary is to use Tanda’s Wage Compare feature. Tanda’s wage compare looks at the award the employee is on and the hours they’ve actually worked, and calculates what they’re entitled to. It then checks if you have paid a salary big enough to cover these entitlements.

If you haven’t paid enough, you can use Tanda’s annualised salary calculator to work out exactly what you owe the employee, and export a simple allowance to pay them the additional wages.

Tanda’s annualised salary calculator is called Wage Compare. Our annualised salary calculator has been developed by our expert team of former workplace lawyers and software engineers.

Our annualised salary calculator is based off the latest Fair Work Commission rulings. Importantly, it has the ability to take data straight from Tanda’s time and attendance system for employees. This means that it can see exactly when employees work. It then takes data from Tanda’s award interpreter to calculate the exact pay rate an employee is entitled to. Tanda’s annualised salary calculator then checks the pay rates against the hours worked and calculates what an employee is owed. From here, it plugs in their actual salary, and checks if that is above what the employee is entitled to.

If the salary is below what the employee is entitled to, it’s easy to use Tanda to pay an allowance to the employee to top it up.