Reconciliation of annualised salaries Sample Clauses

Reconciliation of annualised salaries i For each employee paid an annualised salary, the University will undertake a reconciliation, at two (2) month intervals, to establish whether, for work performed under the Agreement in the preceding two (2) months, the employee’s total wages were less than or equal to the total wages the employee would have been entitled to under the Higher Education Industry – General Staff – Award 2020. ii Where the reconciliation establishes that an employee on an annualised salary has been paid the same or less under the Agreement than they would have been paid under the Award for performing the same work, the employee will be paid in the following pay period, the difference between the wages payable under the relevant Award and the wages paid under the Agreement over the two (2) month period plus 1% of the difference. iii Any reconciliation payment will be identified and paid in the following fortnightly pay.