Time Element Value Definitions

The time element value definition captures and calculates time in cloud payrolls. The elements in this category create value definitions used in time cards. The calculation steps are associated with the calculation element that's created by the time template.

Value Definition - Name	Value Definition -Calculation Type	Description	Calculation Step-Name
<Element Name> Element Rate and Payment Rate	Rate Definition	You can calculate time using a rate definition. The rate definition details will be captured on the element rate. A default rate definition can be defined when you create a time element. Alternatively, a rate definition can be captured on the time card and passed to payroll from your time product. The payment rate identifies if there's no rate definition for the time.	Time Element Rate and Payment Rate
<Element Name> Rate Amount	Flat Amount	You can calculate time using a flat amount such as 22 USD per hour or 0.75 USD per mile. The amount can be entered on the time card. Alternatively, if the value is a fixed amount it can be entered as a default on the rate amount value definition.	Rate Amount
<Element Name> Conversion Formula	Text	When you create a time element you must specify a conversion formula. This formula converts a rate amount to the appropriate periodicity. For example, if an annual amount is captured for an hourly element this formula would convert the annual amount into an hourly amount. Note: This <Element Name> Conversion Formula isn't created for elements with a unit of measure.	Time Card Rate Conversion Formula
<Element Name> Reporting UOM	Text	The reporting value definition captures the unit of measure of the time element. This is derived based on the calculation unit selected for the element and will be either hours, days or units.	-
<Element Name> Time Factor	Flat Rate	Optionally you can apply a percentage to the time calculation. For example, the time calculation could be based on 22 USD * 50 percent. The factor value can be entered on the time card or entered as a default on the value definition. Note: If the percentage varies based on criteria, such as the worker's location, then the details should be captured on values defined by the criteria.	Time Factor
Time	Flat Amount	The predefined time value definition captures the number of time units worked. For example, '8' hours or '2' units.	Time Card Unit
Expedite	Text	The predefined expedite value definition identifies if the time has been marked for inclusion in an expedited payroll run.	Expedite
Override Pay Method	Text	The predefined override check payment method captures the organization payment method for expedited time.	Override Pay Method
Override Check Printer	Identifier	The predefined override check printer captures printer details for an expedited time.	Override Check Printer