Periodicity Attribute for Salary Basis Rate Components

You need to specify a periodicity, such as Hourly or Weekly, for the returned rate and each rate contributor used in salary basis rate components. The overall salary rate definition periodicity is the rate component frequency for the salary basis.

Derived rate calculations use the periodicity of the rate contributors to appropriately convert contributor values and derive the rate value when not all periodicities are the same. Typically, the derived rate and associated rate contributors all have the same periodicity--and frequency.