Element Rate Components in a Salary Basis
Use Element rate definitions in a salary basis to get a default value from element entries. Or use them to let the person allocating salary enter a flat amount or factor as an input value for a payroll element.
For example, you create a rate definition that uses the Incentive element. If the incentive is stored as a monetary value, select Amount. If the incentive is a factor of another value, such as another rate definition, select Factor.
You need to create the payroll element with a calculation type of Flat amount or Factor before you can use it in an Element rate definition. Choosing Amount in the rate definition automatically defines the contributor. You must define the contributor when choosing Factor. The factor is used to calculate the rate amount, which can be included in the overall salary amount. For both rate definitions, you need to select the corresponding calculation rule. For element rates of Amount, select Flat amount. For element rates of Factor, select Factor.
You create rate definitions using the Rate Definitions task on the
page. Be sure to link a rate definition to only one salary basis to avoid issues when moving a worker to another basis.