Workday Schedule Calculation Method

The system calculates a proration factor for each day in the period and accumulates the worker's proration factors for eligible days. The calculation is:

Goal Weight × Performance Level of the Attainment Value

Setting Up Workday Schedule Calculation

To set up workday schedule calculation:

1. Set up workday rules on the Workday Schedule page.

   • Create schedules assigning a factor to each day of the week (Sunday through Saturday).

   • Each day in the period has a proration factor equal to that day's factor over the total of the factors for the period.

2. Set up the prorate periods on the Prorate Periods page.

   • Select By Workday as the proration frequency. This is a daily frequency, so the system creates a prorate period end date for each day in the payout period.

   • Select a Workday Rule to assign factors to each day in the payout period. This Workday Rule is assigned to all members of the plan for the duration of the payout period.

Goal Weight × Performance Level of the Attainment Value

Example

Workday Schedule Definition:

Day	Factor
Sunday	0
Monday	1
Tuesday	1
Wednesday	1
Thursday	1
Friday	1
Saturday	.5

Based on this schedule, the total factor was 23.5 in January 2000.

The proration factor attributed to a member for any eligible day in January 2000 is that day's factor on the workday schedule over 23.5. In this example, the proration factor for a Saturday is 0.5/23.5; the proration factor for a Tuesday is 1/23.5.

The worker's proration factor for the entire payout period is the accumulated sum of the daily proration factors for eligible days in the period. The maximum, for a worker who is eligible on every day in the period, is 23.5/23.5, or 1.