Configuring Margin
The margin calculation requires configuration prior to entering orders and calculating margins based on pay and bill rates. Your implementation team configures the values that the system uses in the margin calculation. Your organization bases these calculations on the costs associated with filling a position as well as the expected profit that is generated when you fill the assignment.
This topic discusses how to configure margin.
Page Name |
Definition Name |
Usage |
---|---|---|
FO_BRANCH_TBL |
Configure margin. |
Use the Staffing Branch page (FO_BRANCH_TBL) to configure margin.
Navigation:
Field or Control |
Description |
---|---|
Fixed Cost Margin |
Enter the margin for the system by branch. The fixed cost margin is the percentage of cost that is incurred for every hour of employee pay. Enter the figure as a number (not percent) with a maximum of two decimal places. For example, if the burden rate is 12.98 percent, enter the margin estimator at 12.98. |
Establish fixed costs by branch.
Establish workers' compensation policy and rates.
For PeopleSoft Staffing Front Office standalone (PeopleSoft Pay/Bill Management not installed), select Workers' Comp Company Setup, Workers' Comp State Codes, Workers' Comp State Rates, or Workers' Comp by Job Code.
Select either
Note: If you have PeopleSoft Pay/Bill Management installed, you establish workers' compensation policy and rates in PeopleSoft HCM. The information is then synchronized with Financials using application messaging.