Understanding Earnings in Hong Kong

PeopleSoft has created several earnings to demonstrate the flexibility of the Global Payroll rules to meet common processing requirements. The following sections discuss:

  • Ways that you can use earning and supporting elements to produce the desired results.

  • How PeopleSoft meets specific earning processing requirements.

Note: User keys enable you to track an accumulator at levels lower than the employee record. This directs the system to maintain different accumulated numbers for each of the locations where employees work. User key 1 for all earnings on the Earnings Accumulators page is PAY ENTITY. (This is required by Inland Revenue Reporting.) User key 2 for all year-to-date accumulators is CM VR BAL GRP ID (balance group ID).

The PeopleSoft system delivers a query that you can run to view the names of all delivered elements designed for Hong Kong. Instructions for running the query are provided in PeopleSoft HCM: Global Payroll.