Periodicity Conversion Formula Attribute for Salary Basis Rate Components

You can control the annualization factor by specifying a periodicity conversion fast formula.

Here's what to do if you need an annualization factor not available in the delivered formula:

1. Create a formula by copying the text from a delivered conversion formula.
2. In the copy, make the input and output parameter names the same.
3. Save, compile, and use the copy fast formula in the rate definition.

Note: The Hourly rate periodicity differs from the Work Hour compensation annualization factor. The Hourly periodicity is 2920 while the Work Hour annualization factor is 2080.