diff --git a/hr_payroll_rate/models/payroll.py b/hr_payroll_rate/models/payroll.py
index fecd6dcc..66a89963 100644
--- a/hr_payroll_rate/models/payroll.py
+++ b/hr_payroll_rate/models/payroll.py
@@ -11,7 +11,7 @@ class PayrollRate(models.Model):
     date_to = fields.Date(string='Date To')
     company_id = fields.Many2one('res.company', string='Company', copy=False,
                                  default=False)
-    rate = fields.Float(string='Rate', required=True)
+    rate = fields.Float(string='Rate', digits=(12, 6), required=True)
     code = fields.Char(string='Code', required=True)
 
     limit_payslip = fields.Float(string='Payslip Limit')
diff --git a/hr_payroll_rate/tests/test_payroll_rate.py b/hr_payroll_rate/tests/test_payroll_rate.py
index 2cf9ff2c..c86fe446 100644
--- a/hr_payroll_rate/tests/test_payroll_rate.py
+++ b/hr_payroll_rate/tests/test_payroll_rate.py
@@ -90,3 +90,12 @@ class TestPayrollRate(common.TransactionCase):
 
         rate = self.payslip.get_rate('TEST')
         self.assertEqual(rate, test_rate)
+
+    def test_payroll_rate_precision(self):
+        test_rate = self.env['hr.payroll.rate'].create({
+            'name': 'Test Rate',
+            'code': 'TEST',
+            'rate': 2.65001,
+            'date_from': '2019-01-01',
+        })
+        self.assertEqual(round(test_rate.rate * 100000), 265001.0)