Understanding Frequency IDs
These topics discuss:
Frequency IDs.
Frequency with compensation rates.
Frequency with payroll calculations.
Frequency IDs are used in PeopleSoft Human Resources, Global Payroll, and Payroll for North America. Frequency IDs are defined on the Frequency Table component (FREQUENCY_TBL). Each frequency ID has a frequency type and an associated annualization factor that represents the number of times that the period occurs in the course of a year.
In PeopleSoft HCM, you use frequency IDs to define the periods of time in which compensation is quoted, standard hours are completed, and people are paid, to list a few examples.
PeopleSoft delivers a set of standard frequencies that are PeopleSoft-maintained. You can define additional, customer-maintained frequencies for nonstandard periods. For example, you could define a monthly-type frequency with a nonstandard annualization factor of 13 to represent 13 monthly periods in a year
PeopleSoft-Maintained Frequencies
PeopleSoft delivers and maintains the following frequency IDs in the Frequency Table component:
|
Frequency ID |
Description |
Frequency Type |
Annualization Factor |
|---|---|---|---|
|
A |
Annual |
Annual |
1 |
|
B |
Biweekly |
Biweekly |
26 |
|
BMX30 |
Biweekly Mexico Factor 30.0 |
Biweekly |
25.7142857 |
|
BMX34 |
Biweekly Mexico Factor 30.4 |
Biweekly |
26.0571428 |
|
C |
Contract |
Contract |
1 |
|
D |
Daily |
Daily |
260 |
|
D365 |
Diaro 365 dias |
Daily |
365 |
|
D426 |
Daily 14 Payments |
Daily |
426 |
|
DAR30 |
Daily Argentina Facto 30.0 |
Daily |
360 |
|
DMX30 |
Daily Mexico Factor 30.0 |
Daily |
360 |
|
DMX34 |
Daily Mexico Factor 30.4 |
Daily |
364.8 |
|
F |
Every four weeks |
Every four weeks |
13 |
|
H |
Hourly |
Hourly |
Use Standard Hours for Annualization |
|
HMX30 |
Hourly Mexico Factor 30.0 |
Hourly |
2880 |
|
HMX34 |
Hourly Mexico Factor 30.4 |
Hourly |
2918.4008 |
|
JM |
Japan Monthly |
Monthly |
12 |
|
M |
Monthly |
Monthly |
12 |
|
M13 |
Monthly 13 payments |
Monthly |
13 |
|
M14 |
Monthly 14 payments |
Monthly |
14 |
|
Q |
Quarterly |
Quarterly |
4 |
|
S |
Semimonthly |
Semimonthly |
24 |
|
SMX34 |
Semimonthly Mexico Factor 30.4 |
Semimonthly |
24.32 |
|
W |
Weekly |
Weekly |
52 |
|
WMX30 |
Weekly Mexico Factor 30.0 |
Weekly |
51.4285714 |
|
WMX34 |
Weekly Mexico Factor 30.4 |
Weekly |
52.1142857 |
When you associate frequency with compensation rates, you define the time period on which the compensation is based. For example, you might state a worker's base salary as 60,000 a year (annual frequency) or 5,000 a month (monthly frequency). When you associate these compensation rates with jobs, positions, salary steps, or individual job records, the system uses the annualization factor that is associated with this frequency to convert the compensation to other frequencies.
When you set up PeopleSoft Human Resources, you can define default compensation frequencies at several levels. You can usually change that default value when the system enters it into other pages.
This table lists important pages on which compensation frequencies are either specified or used:
|
Component or Page |
Default Compensation Frequency Value |
|---|---|
|
Default Frequencies page (DFLT_FREQUENCY) |
Specify default frequencies for each country and specify the order in which the system uses them to display base pay compensation in the Pay Rates group box on the Compensation page of the Job Data component. |
|
Compensation page (JOB_DATA3) of the Job Data component (JOB_DATA) |
Displays base pay compensation information in the frequencies that are specified for the country on the Default Frequencies page |
|
HCM Options page (INSTALLATION_TBL1B) of Installation Table component (INSTALLATION_TBL) |
Set a default compensation frequency and a default work period for your organization. The system enters these default values in the Job Code table. |
|
Job Code Profile page (JOBCODE_TBL1_GBL) of Job Code component (JOB_CODE_TBL) |
Default compensation frequency and default work period values are taken from the Installation table. |
|
Comp Rate Code Table component (COMP_RATECD_TBL) |
Specify rate code frequencies on the Comp Rate Code table. The system enters these default values when you select the rate code in a pay components group box (found on a number of pages in PeopleSoft HCM). You can also specify here whether the FTE (full-time equivalency) calculation should be applied to the compensation associated with the rate code. |
|
Define Salary Plan component (SALARY_PLAN_TABLE) |
Specify default frequency for components of pay assigned to salary steps. |
|
Pay Group Table component (PAYGROUP_TABLE) |
Specify daily and monthly frequencies for the pay group . The system uses the frequency information to calculate pay rates. |
Global Payroll and Payroll for North America use frequency to define how often certain events happen.
Global Payroll uses frequency IDs when defining elements, generation control parameters, calendar periods, rate code elements, and system elements. In addition to using frequency defined on the Frequency Table page, Global Payroll also uses frequency defined on the Generation Control Frequency page (GP_GCTL_FREQUENCY).
Payroll for North America uses frequency IDs to define pay period frequency and to calculate pay rates and proration of pay.