Create a Rate Definition for Basic Salary
This example demonstrates how to create a primary rate for a basic salary. After you run the rate engine, the Element Entries - Person Details page displays the values for eligible employees.
Before you define the rate, create the salary element at the assignment level. This element contains the salary information to be retrieved by the rate definition. You can create it using the flat amount or factor calculation rule.
How to Create the Basic Salary Rate Definition
Complete these steps to create the basic salary rate definition.-
In the Payroll Administration work area, click the Rate Definitions task.
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Click Create.
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Complete the fields, as shown in this table.
Field
Value
Category
Element
Effective Start Date
Enter the current date.
Legislative Data Group
Enter your legislative data group.
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Click OK.
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Complete the fields, as shown in this table.
Fields
Value
Storage Type
Amount
Element Name
Regular Salary
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In the Returned Rate Details section, complete the fields, as shown in this table.
Field
Value
Periodicity
Annual
Periodicity Conversion Formula
ANNUALIZED RATE CONVERSION
Currency
Canadian Dollar
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Click Submit.