What Happens to Standard Rates during a Wage Change?

In the event of an upcoming wage change, the Includables will create a new set of Standard Rates that will replace the old rates on the appropriate effective date.

For example: It is February 1st and your employee’s union announces a rate increase of $2 for its members. The wage change is effective three months from now on May 5th, in the middle of a pay period that starts on May 1st.

A new set of Standard rates will be created and adjusted to match this $2 increase, scheduled to take effect on May 5th. From May 1-4, your employees hours will be assigned rates according to the old Standard Rates. On May 5th the new Standard Rates will take effect and your employees hours will now be assigned rates accordingly. The hours for this pay period are effectively split to follow the old Standard Rates during the first 4 days(May 1-4), and then follow the new Standard Rates during the remaining 10 days(May 5-14).