Derived Rate Components in a Salary Basis

Use Derived rate definitions in a salary basis to get a calculated rate by adding or subtracting one or more rates, or rate contributors.

Derived rate definitions can get values from one or more other rate definitions, including rates that get element entry values. For example, you can add regular salary, car allowance, and incentive pay rate contributors together to create an overall salary rate definition. When creating a derived rate definition, you add the relevant contributors and specify whether to add or subtract each contributor when calculating the derived rate value.

You create rate definitions using the Rate Definitions task on the My Client Groups > Compensation page. Be sure to link a rate definition to only one salary basis to avoid issues when moving a worker to another basis.