Create Rate Definitions for Overall Salary
In this example, you create a rate definition for overall salary that includes multiple rate contributors.
You do these actions.
-
Create the overall salary rate definition
-
Add the regular salary rate contributor
-
Add the car allowance rate contributor
This table summarizes the key decisions for your scenario.
Decisions to Consider |
In This Example |
---|---|
What components of pay should be included in an employee's overall salary? |
|
Should I include all pay for car allowance in the overall salary? |
No. Only include 50 percent of the amount paid for car allowance. |
Create the Overall Salary Rate Definition
-
On the Home page, click the Rate Definitions quick action under the My Clients Groups tab.
-
Click Create.
-
Enter these values.
Field
Value
Category
Derived Rate
Effective Start Date
Enter the current date.
Legislative Data Group
Select your legislative data group.
-
Click OK.
-
Enter these values.
Field
Value
Name
Overall Salary
Short Name
OVERALL_SAL
Element Name
Salary
-
In the Returned Rate Details section, enter these values.
Field
Value
Periodicity
Weekly
Periodicity Conversion Formula
Standard Rate Annualized
Currency
LDG Currency
Add the Regular Salary Rate Contributor
-
In the Calculation section, click Create.
-
In the Create Rate Contributor dialog box, Contributor Type field, select Base Rate.
-
Enter these values.
Field
Value
Add or Subtract
Add
Employment Level
Payroll Assignment
Periodicity
Weekly
-
Click Save and Continue.
Add the Car Allowance Rate Contributor
-
In the Calculation section, click Create.
-
In the Create Rate Contributor dialog box, Contributor Type field, select Rate Definition and click OK.
-
Enter these values.
Field
Value
Add or Subtract
Add
Rate Name
Car Allowance
Periodicity
Weekly
Factor Rule
Value
Factor Value
0.5
-
Click Save and Continue.
-
Click Submit.