How do I use the base rate feature to calculate a rate based on multiple salary elements?
Create a rate definition for each your salary elements. And ensure that you select the Base Rate check box in the Basic Details section of the Create Rate Definition page.
For example, if you have three salary elements, you need to create three rate definitions and associate each rate definition to one of your salary elements. All of your salary rate definitions must have the Base Rate check box selected. Create an absence rate definition that has a category of Derived Rate. In the Rate Contributors section, click Create. On the Create Rate Contributor page, select Base Rate from the Contributor Type drop-down list. This rate definition calculates a rate based on all of your salary rates. And all rate definitions are identified as a base rate.
You can use the base rate to identify each of your company's salary rate definitions. You can then use the derived rate to calculate a salary rate derived from all of the salary elements. You can use the base rate and the derived rate in scenarios where your company has multiple salary elements and needs to calculate an hourly absence rate based on the salary rate of an employee.