Cost Reports in Tanda help you to report on wage costs and total hours worked.

Cost Reports are visible to managers under Reports > Cost Reports:

How it works

  1. Select your report: Each report is based off the same data and contains the same filters - the difference between each cost report is how the data is aggregated.

  2. Select whether you want to include on-costs

  3. Select how you want to compare costs by either:

    1. Comparing timesheet costs to roster costs, or;

    2. Comparing timesheet costs between two different date ranges

  4. Select any relevant filters. The table below provides a summary of each filter

Filter

Description

Qualifications

Filters by employees who's qualification status is 'current' for the selected qualification

Locations

Filters by the location associated to the 'default payroll team' located on the employee profile

Teams

Filters by 'default payroll team' located on the employee profile

Award tags

Filters by the award tags contained on the employee profile

Roles

Filters by permission level. E.g. 'Employee' or 'Admin'

Award templates

Filters by the award template selected on the employee profile

Shift location

Filters by the team selected on the timesheet to identify the locations of each shift

Shift team

Filters by the team selected on the timesheet

FAQ's and Troubleshooting

How do you edit on-costs percentages?

  1. To edit on-costs, navigate to the Real Wage Cost Report and click the on-cost percentage as show below to edit the value.

  2. Enter your on-cost percentage as a decimal value, for example, enter 10% as 0.1

Updating on-costs in your Real Wage Cost Report will update the on-cost values in all other reports.

Note: the on-cost percentages for reports shown above are separate from the on-cost percentages for roster costs. The on-costs for the roster can be edited in Settings > All Settings > On-cost Config.

How does the real wage cost report work?

The Real Wage Cost Report includes displays the breakdown of on-costs such as Superannuation, Workcover and Leave. As Tanda won't know your true on-costs, this figure is only an estimate for the purpose of reporting. You can enter a percentage of on-cost that represents a best estimate of the true costs of employment.

The real wage cost adds the cost of leave accrual as hours are worked - reflecting that there is a future leave liability increasing, and subtracts the cost of leave accrual as leave is taken, reflecting the reduction in leave liability from the business perspective.

Why does Tanda use the default cost of leave of 19% in the on-costs?

Tanda's default cost of leave is a rounded estimate based on the below assumptions:

  • Full-time employment

  • 260 week days in the year, minus entitled paid days off which include:

    • 20 days of paid annual leave

    • 10 days of paid personal leave

    • 11-13 public holidays that fall on working days

  • This leaves around 218 productive days per year. There is therefore around a 19% additional cost of employment in non productive time per permanent employee.

  • depending on the number of public holidays in your state and how much personal leave is used in the year.

Note: editing the cost of leave on-cost percentage won't impact your actual leave accrual settings in your Tanda account.


Keywords: total hours worked

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