Create a Rate Definition for Basic Salary

In this example, you create a primary rate for a basic salary. After you run the rate engine, the Element Entries - Person Details page displays the values for eligible employees.

Before you begin, create the salary element at the assignment level. This element contains the salary information to be retrieved by the rate definition. You can create it using the flat amount or factor calculation rule.

1. On the Home page, click the Rate Definitions quick action under the My Clients Groups tab.

2. Click Create.

3. Enter these values.

   Field	Value
   Category	Element
   Effective Start Date	Enter the current date.
   Legislative Data Group	Enter your legislative data group.
   Storage Type	Amount
   Element Name	Regular Salary

4. Click OK.

5. In the Returned Rate Details section, complete the fields, as shown in this table.

   Field	Value
   Periodicity	Annually
   Periodicity Conversion Formula	Standard Rate Annualized
   Currency	LDG Currency

6. Click Submit.