Overview

A calculation value definition specifies how a value is provided or calculated. The value isn't necessarily monetary. It's a flat amount or rate, but it could be a date or a text value, such as a tax code, depending on the calculation type.

Some definitions hold the values in a table, so that different values apply to different employees.

There are predefined calculation value definitions used to calculate statutory and involuntary deductions. You can't edit predefined calculation value definitions.

You can create and edit calculation value definitions using the Manage Calculation Value Definitions task in the Payroll Calculation area. For example, you can set defaults, turn the values into a range (0 -100), and make them enterable on the calculation card.

Value Definition Groups

When you create a calculation value definition, you can select an existing group or create a new one. The group categorizes related calculation value definitions.

Examples of value definition groups predefined for China include:

• Public Housing Fund

• Basic Pension Insurance

• Basic Medical Insurance

• Supplementary Medical Insurance

• Maternity Insurance

• Unemployment Insurance

• Work-Related Injury Insurance

• Enterprise Annuity

• Individual Income Tax

• Minimum Wage

• Absences

• Time

• Supplementary Public Housing Fund