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Ratescalc

3.2
14
Employees
1
Location
5
Years

Multi Award wining Australian technology that manages compliance, pay rates, margins, employment contracts and awards.

The creators of ratescalc.com™ are seasoned industry professionals with a combined 60 years working within the recruitment industry, specifically in the “On Hire” and Contractor workforce marketplace. We know that the challenges of running a successful profitable business is not only dependent on commercial savviness, but the ability to understand their market verticals, and provide cost effective solutions to meet the market needs.

Ratescalc.com™ has been suitably designed to enable even the most administratively challenged to access all relevant components to easily build an accurate quotation.

Ratescalc.com™ can provide the ability for your business to price business to the following requirements:

Casual/Temporary or contingent hourly rates
Casual/Temporary or contingent daily rates
Fixed term/Permanent hourly rates
Fixed term/Permanent daily rates
Shift work employees with fixed allowances
Shift work employees with variable allowances
Flat Rates for your contingent workforce hourly rates
Ratescalc.com™ allows each user the ability to accurately price any of the above scenarios to a fixed dollar margin or Gross margin!

Ratescalc.com™ has current awards and agreements uploaded into the system prior to the maturation date of each agreement, allowing all users to be ahead of the game and price business for each scenario prior to and after changes and increases to these agreements. Ensuring compliance.

Need a specific enterprise agreement uploaded? Easy, just send your agreements to info@ratescalc.com and we will interpret the agreement and load it into your company’s specific instance of ratescalc.com™ for a small fee (See the pricing page for more details).

Review

Ratescalc designs SaaS software that helps modernize HR workflows. For more information about Ratescalc see the about page. Some of the common questions asked by HR personnel about the tools they sell have been listed on the FAQ page. Mary-Ellen Gowen writes all of the articles. The articles treat subjects like Advice and Ratescalc Releases. The company has 14 employees. Ratescalc was founded in 2016.

Software features

HRIS, HRMS and HCMS

The HRIS system from Ratescalc helps organizations collect, store, and manage employee data. It’s a robust tool that can streamline many of the human resources management processes and help HR managers and recruiters stay organized.

Ratescalc also makes it easier for non-HR employees to access and edit their information. Ratescalc can integrate seamlessly with your existing HR management systems, offers impressive data security features, and has an intuitive user interface.

Time and Attendance

The time and attendance software from Ratescalc help businesses efficiently and accurately track and record employee working hours. It has an intuitive user interface, which will significantly reduce the time it takes to onboard new and existing employees to use the platform.

Ratescalc can help automate several tedious administrative tasks and offers quick integration with your existing HR systems. Its extensive documentation and prompt customer support make it an ideal choice for businesses of all sizes.

Payroll and Compensation

The payroll software from Ratescalc can help your business automate the payroll process and reduce the time and money otherwise spent on this function. This tool makes it easier to account for employee attendance data, make timely payments, and generate payroll reports.

Ratescalc also makes it easier to calculate and file taxes and comes with compliance management features. Regardless of whether you're trying to automate the payroll process or are migrating from a different payroll software solution, Ratescalc makes the transition smooth.

Recruitment and Talent Acquisition

Recruitment and talent acquisition can make or break an organization. If you hire the best and keep them for long enough, the company will prosper. Otherwise, you know the story.

Ratescalc recruitment software can help you manage every element of your recruitment process, including sourcing, screening, interviewing, and onboarding candidates. This recruitment software streamlines the entire recruiting process and makes it less overwhelming for the recruiter and the candidate.

Ratescalc eliminates many of the monotonous tasks in talent acquisition, integrates well with your existing systems, and, more importantly, is simple to use. Ratescalc talent acquisition software is also primed to offer the best candidate experience possible, thereby making your company one step closer to becoming the ultimate destination employer. Give it a try and see the positive differences it brings to your recruitment process.

Applicant Tracking Systems

The applicant tracking system from Ratescalc lets companies collect, organize, and analyze candidate information with ease. It aims to enhance the experience of both recruiters and candidates and help HR teams to find the best talent.

Along with the features considered standard in ATS systems, Ratescalc offers automated job posting, candidate ranking and scoring, analytics and reporting, candidate profiles, and advanced search. With a simple and easy-to-use interface, Ratescalc is an ideal choice for businesses that require an ATS up and running in a short time.

Recruitment CRM

The recruitment CRM from Ratescalc helps recruiters build and nurture valuable relationships with active and passive candidates alike. It aims to automate many of the tedious CRM tasks and enhance the candidate experience.

Ratescalc has an easy-to-use, simplistic user interface, making it an ideal choice for businesses that require a CRM up and running in a short time. If you wish to speed up the recruitment process and attract the right talent, Ratescalc is the perfect solution.

Pricing

Pricing for Ratescalc depends on your company's needs. This will factor in the number of software users and the size of your organization. For all the pricing details check out the dedicated page. Pricing typically depends on the software integrations you require for your organization. The Ratescalc API is included in some pricing plans.

Security

You want your valuable data to be in good hands. Ratescalc is very aware that security is a key aspect of HR sofware. You might want to take a look at the Ratescalc privacy policy to get a better understanding on their internal security processes. Legal information is available from Ratescalc.

Interested?

If you are ready to choose Ratescalc as your HR solution or need additional information, you can reach their sales team by phone or email. Ratescalc offers a free demo where a sales representative shows you around their software.

Location

FAQ

How many people work at Ratescalc?

14 employees.

Is an API offered by Ratescalc software?

Yes, Ratescalc offers an API that allows developpers to make custom integrations with other systems. See their documentation.

Where can I follow Ratescalc on social media?

Is a trial period offered by Ratescalc?

No trials are offered.
Check their trial page for the latest information.
We last checked on Tuesday, May 18, 2021.

Does Ratescalc offer a discount for annual payments?

Yes.
See the dicount.

How much does Ratescalc software cost?

Ratescalc pricing depends on your needs:
  • A$0.00 per month
  • A$50.00 per month
  • A$80.00 per month
  • A$70.00 per month
We last checked on Tuesday, May 18, 2021.

Why should you use time and attendance software?

Time and attendance software increases the efficiency and accuracy of time tracking, making it easier to calculate employee compensation. It’s also helpful to automate several monotonous administrative tasks, track project progress, improve employee engagement, and avoid compliance lawsuits.

Is it possible to combine attendance and payroll software?

Several vendors offer applications that combine both payroll and attendance tracking software. Check the features of different software solutions and talk with vendors to choose one with both functionalities.

What is a time attendance system?

Time and attendance systems help businesses track, record, and optimize employee hours and accurately pay their employees. It can be a standalone software solution or a combination of hardware and software.

Why are time and attendance important?

Time and attendance are crucial for every business as it’s an actual number that helps stakeholders make the right business decisions. It’s helpful to calculate workforce demand and understand employee engagement.

What does a time and attendance system do?

A time and attendance system streamlines the time tracking process by automating the collection of time and attendance information. It makes it easier to manage payroll as the employee work hours are recorded with utmost accuracy.

Can employees use their mobile phones for time tracking?

Although it depends on the software you choose, most probably, it’s a yes. Employees can log in to their profile on a web or mobile app and access their attendance information such as schedules, PTO, and sick leaves. They can use the same app to apply for leaves.

How does the attendance system work?

A time and attendance system is used to track and record employee working hours. It’s helpful to monitor when employees start and stop, the number of hours they clock in, and the time taken for breaks. It’s also beneficial to check whether an employee arrives on time.

What should you expect from a time and attendance system?

A time and attendance system can effortlessly handle the time tracking needs of both hourly and salaried employees. This includes overtime, PTO, sick leaves, holidays, and more. They can also be used to clock in and out, log the time an employee spends on a specific project, and create and assign employee schedules.

Why is time and attendance software important?

Firstly, time and attendance software is a valuable tool that lets companies effectively track and record employee work hours. It also makes it easier to adhere to labor acts and other state wage and hour laws.

Why is it important to clock in and out at work?

The clock in and out feature can ensure employees don’t involve in time theft, and at the same time, it’s helpful to ensure that employees are paid accurately. An online time and attendance system makes it easier for the employer to have an overview of employees’ working hours. Precise timekeeping is beneficial to understand exact staff requirements. You can use the insights derived from these systems to tweak employee schedules.

What is a recruiting CRM?

Recruitment teams use a recruitment candidate relationship management (CRM) system to build and maintain relationships with passive and active candidates. It’s beneficial for expanding the talent pool and lowering hiring time and costs.

What does CRM stand for in recruiting?

CRM in recruitment stands for candidate relationship management.

What are some key features of recruitment CRM?

Some of the critical features of a recruitment CRM include:

  • HR chatbots
  • Advanced search capabilities
  • Landing pages
  • Analytics and dashboard
  • CRM trackingSmart interview scheduling
  • Automated reply
  • Centralized content management
  • Resume parsing

What does a candidate relationship management system do?

A candidate relationship management system enables recruiters to build and nurture positive relationships with candidates. It enhances candidate experience and speeds up the recruitment process. Just like how CRM helps manage customer relationships, a recruitment CRM helps maintain candidate relationships.

What is the difference between CRM and ATS?

An ATS is a candidate repository to store, organize, and access candidate information. In contrast, a CRM is used to nurture meaningful relationships with candidates that translate to higher employee retention in the near future.

What is the candidate experience?

The candidate experience can be broadly defined as the series of interactions a potential candidate has with the recruitment team of an organization. Such interactions may include branding messages, emails, and messages from recruiters. It can also be defined as a potential candidate’s experience of interacting with a company.

Why use a recruitment CRM?

A recruitment CRM can speed up the hiring process and provide high-quality candidates in the process. More precisely, a recruiting CRM can help HR teams to:

  • Build talent pool
  • Create stronger career sites
  • Send personalized messages to candidates
  • Maintain positive relationships with passive candidates
  • Make the first best impression with candidates
  • Fill open positions quickly

What is a recruitment marketing strategy?

A recruitment marketing strategy is a proactive recruitment approach. It involves making a company’s workplace culture, benefits, plans, and more visible to the candidates to attract top talents.

What are the main recruitment strategies or methods?

Some of the most common recruitment strategies are:

  • Employee referrals
  • Direct advertising
  • Recruitment events
  • Word of mouth marketing
  • Promotion and transfers
  • Recruitment agencies

What are the latest trends in recruitment?

The recruitment industry closely benefits from most technological advancements. Here are some of the latest trends in the field of HR and recruitment:

  • Predictive analytics
  • Natural language processing (NLP)
  • Social media recruitment
  • Gig workers
  • Gamification
  • Remote hiring
  • Increased soft skills testing
  • AR-based onboarding

What is the difference between compensation and payroll?

Payroll is an HR department’s function of periodically distributing paychecks to employees. On the other hand, employees receive compensation, which is the total cash and non-cash payments that they receive from the employer for the work performed. This gives payroll one definition more – the total compensation an employer must pay to its employees on a given date.

Is there free payroll software?

Yes, there are plenty of free payroll software applications available. But, they’ll have limited functionality in most cases and will require you to upgrade to gain the whole experience. However, using free software is a great way to test whether a particular solution is meant for your business.

How can payroll software help small businesses?

Managing employees’ benefits, paying them, and filing payroll taxes correctly is time-consuming and tedious. There’s also a chance of making many costly mistakes, which can damage your business. To counteract such incidents, it’s better to invest in a payroll system.

Can I do payroll without the software?

Yes, you can. But it’s a risky option that can lead to financial losses. It’s because manually performing payroll requires accounting expertise. The tax penalties imposed on any accounting mistake you make will be considerable, and so, it’s better to opt for a software application.

What is a payroll system in HR?

A payroll management system allows employers to manage employee salaries. Many aspects of payroll, including salary structure, deductions, and allowances, can be easily modified with such a tool. A payroll application also makes it easier to generate payslips and make direct deposits to employees’ accounts.

What is the purpose of a payroll system?

The primary purpose of a payroll system is to efficiently management payroll. It helps companies to ensure that employees are paid the right amount at the right time. It also makes it effortless to stay compliant with tax laws and regulations.

What are the two goals of the payroll system?

The two main goals of the payroll system are to ensure that the employees are paid the right amount at the right time.

What is HRIS in HR?

HRIS in HR stands for human resources information system. It’s used to collect and organize an organization’s employee data. Generally, an HRIS will include all the basic functionalities needed for human resources management.

What is the purpose of HRIS?

The primary purpose of HRIS is to offer accurate and relevant information about employees to a company’s HR department. It’s also useful for employees to get information about themselves and also regarding the functioning of the HR department. In short, an HRIS collects, processes, and stores information for efficient management of human resources.

What are HRIS tools?

HRIS tools are SaaS-based software applications that can assist HR departments in managing employees, procedures, and policies. They are database-oriented and make it easier to perform activities such as time and labor management, employee engagement, and performance management.

Who uses HRIS?

Although an HRIS may seem to be a tool used by the HR department alone, it isn’t. Instead, it’s used by every employee in an organization to access some HR-related information and functions.

What are the types of HRIS?

Some of the types of HRIS systems are:

  • Applicant tracking system (ATS)
  • Time and attendance management
  • Performance management
  • Employee self-service
  • Benefits management

How does HRIS help recruitment?

Recruitment is a costly and time-consuming process and an HRIS system streamlines it. Along with enhancing the HR processes, an HRIS promotes remote recruitment and collaborative hiring. It can also offer deep insight into hiring strategies and can also simplify internal processes like promotion.

Why is an HRIS important?

HRIS is equally important for both the HR employees and the non-HR employees. It acts as a centralized database that stores critical employee information such as personal information, compensation, and benefit choices. An HRIS also eliminates human errors and data duplication.

What are the components of HRIS?

The core components of an HRIS system are:

  • Database
  • Time and labor management
  • Benefits management
  • Payroll function
  • Employee interface and management
  • Recruitment and onboarding

Does HRIS include payroll?

Of course, an HRIS includes payroll functions along with other features for employee management, recruitment, time and attendance management, and performance management.

What are the advantages of HRIS?

A few of the many advantages of using an HRIS are:

  • Data integration
  • Benefits administration
  • Accuracy
  • Employee self-service
  • Automated reminders
  • Secure storage of confidential company information
  • Better transparency
  • Better reports

What is HRIS used for?

Simply put, an HRIS solution is the amalgamation of information technology and HR activities. It is used for data entry and storage, tracking and managing employees, and also for payroll and accountings.

What is an ATS?

Applicant tracking system, popularly known as ATS, is a digital tool that helps companies collect, store, and analyze candidate information. ATS significantly reduces the managerial burden of the recruitment and hiring process.

What does ATS stand for?

ATS stands for applicant tracking system.

What are the key functions of an applicant tracking system?

The most critical functions of an ATS are:

  • Applicant tracking
  • Job posting
  • Candidate sorting and ranking
  • Candidate profiles
  • Analytics and reporting

What are the benefits of an applicant tracking system?

Here are some of the unique benefits of using an applicant tracking system:

  • Offers faster resume screening
  • Enhance the quality of hire
  • Reduces time invested in administrative tasks
  • Speeds up the recruitment cycle
  • Improves candidate experience
  • Boosts employer branding

Who uses applicant tracking systems?

Most organizations use ATS to streamline their recruitment process. 98% of Fortune 500 companies utilize applicant tracking systems. Also, 35% of small organizations and 66% of large companies rely on such recruitment software.

What is the difference between a CRM and ATS?

A candidate relationship management (CRM) system and ATS aren’t the same things. CRM is aimed at delivering an engaging candidate experience for active job seekers and passive applicants. On the other hand, ATS is built to be an application repository that helps recruiters sort and choose suitable candidates.

What is the purpose of an ATS?

The main purpose of an ATS is to help companies organize candidates for the hiring and recruitment process. These systems allow organizations to collect, organize, and analyze candidate information and filter them based on skills, experience, qualifications, and more.

What are the key features of an applicant tracking system?

If you’re planning to buy an ATS, here are some features you’ll come across:

  • Customizable career pages
  • Easy job posting
  • Social recruiting
  • Employee referral platform
  • Recruiting dashboards
  • Interview scorecards
  • Advanced candidate search
  • Email templates
  • Analytics and reporting
  • Digital offer letters

How does an applicant tracking system aid an HR manager?

An ATS can help HR managers summarize the fundamentals of each job role, match keywords on resumes with the keywords in the job description, and create reports to show the recruitment trends and discover areas of improvement.

How do you track employee engagement?

How employee engagement is tracked varies among organizations. That’s because the KPIs used to measure employee engagement and the motives behind doing so differs.
Here are some things to consider when tracking employee engagement:
Determine the outcomes of engagement

  • Understand what’s important to employees
  • Make it a continuous process of listening to employees
  • Find the drivers that have the most significant impact on employee engagement and the organization
  • Don’t stick to just quantitative results

What are employee engagement strategies?

Employee engagement strategies can increase the chances that employees will establish a healthy and positive emotional connection with an organization. As emotional connections can rarely be forced to form, employee engagement strategies will involve setting the workplace environment to foster such relationships.

What companies have great employee engagement?

Here are some of the companies that are successful with employee engagement:

  • Southwest Airlines
  • Full Contact
  • Screwfix
  • Dreamworks
  • Legal Monkeys

What are the key drivers of employee engagement?

Some of the critical drivers of employee engagement are:

  • Co-worker relationships
  • Continuous feedback
  • Leader integrity
  • Professional development
  • Goal support
  • Job role clarification
  • Sense of belonging
  • Relationship with manager
  • Workplace safety
  • Job satisfaction

What are the types of employee engagement?

The most vital types of employee engagement are:

  1. Cognitive engagement: It refers to the need for employees to be profoundly aligned with and aware of the organizational strategies and know what they need to deliver at work.
  2. Physical engagement: It refers to employees fully utilizing their physical and mental strengths to perform their job better.
  3. Emotional engagement: It refers to the level of trust, confidence, and connection employees have with the organization and co-workers.

Why do we measure employee engagement?

Measuring employee engagement enables organizations to understand how an optimally engaged employee will perform like. This information can be used to frame strategies to enhance levels of engagement and elevate employee engagement throughout the organization. This will ultimately result in better service to customers, higher profits, and happier shareholders.

How is employee satisfaction KPI measured?

The employee satisfaction KPI is measured using employee surveys, informal conversations, and net promoter scores.

What are the benefits of employee engagement?

Here are some of the top benefits of employee engagement:

  • Happier employees
  • Better employee health and wellness
  • Higher employee satisfaction
  • Lower absenteeism
  • Lower employee turnover
  • Higher productivity
  • Higher profitability
  • Better employee satisfaction and safety

What are good employee engagement questions?

Here are some employee engagement survey questions worth including:

  • I would recommend [Company] as an excellent place to work.
  • My manager is a great person to work with.
  • I receive the needed recognition when I perform well at work.
  • I’m proud to work for [Company]
  • What are the things [Company] do rightly?

Is there free employee engagement software to try out?

The majority of employee engagement applications offer a free trial. This will empower you to try out the tool before making a serious investment in it.

Articles

Fair Work Australia – Recent Annoucement
Fair Work Australia – Recent Announcements On the 15th of June 2021, Fair Work Australia announced its annual wage review advising Australian industry of an of increase of 2.5% to the national minimum wage. This also applies to all award wages with the award increases happening in 3 phases:  July 1st – Ninety-nine (99) Awards will be […] The post Fair Work Australia – Recent Annoucement appeared first on Ratescalc - compliance software that manages pay rates, margins, employment contracts and more.
Deloitte Fast 500 Technology Awards APAC Winner
Deloitte Fast 500 Technology Awards – APAC Deloitte on the 8th of April 2021 announced the winners of its Deloitte Technology Fast 500™ Asia Pacific 2020, a ranking of the 500 fastest growing technology companies in Asia Pacific. Rankings are based on percentage revenue growth over three years. Ratescalc grew 567% percent during this period and […] The post Deloitte Fast 500 Technology Awards APAC Winner appeared first on Ratescalc - compliance software that manages pay rates, margins, employment contracts and more.

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