Configure Rate Definitions for Overall Salary
In this example, you want to configure a rate definition for overall salary that includes multiple rate contributors.
This includes these choices.
Decisions to consider |
In this example |
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What components of pay should be included in an employee's overall salary? |
|
Should I include all pay for car allowance in the overall salary? |
No. Only include 50% of the amount paid for car allowance. |
To accomplish this:
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Configure the overall salary rate definition.
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Add the regular salary rate contributor.
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Add the car allowance rate contributor.
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Select a salary element in Element Name.
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Add the regular salary rate and car allowance rate contributors to the rate definition.
The rate contributors you add should be elements that you select from the Rate Name field on the Create Rate Contributor page.
Configure the Overall Salary Rate Definition
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Start the Rate Definitions task.
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Click Create.
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Complete the following.
Field
Value
Category
Derived Rate
Effective Start Date
Enter the current date.
Legislative Data Group
Select your legislative data group.
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Click OK.
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Complete the following.
Field name
What you enter
Name
Overall Salary
Short Name
OVERALL_SAL
Element Name
Salary
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In Returned Rate Details, complete the following.
Field name
What you enter
Periodicity
Weekly
Periodicity Conversion Formula
ANNUALIZED RATE CONVERSION
Currency
US Dollar
Add the Regular Salary Rate Contributor
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In the Calculation section, click Create.
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Select the Base Rate contributor type, and click OK.
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Complete the following.
Field name
What you enter
Add or Subtract
Add
Employment Level
Payroll Assignment
Periodicity
Weekly
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Click Save and Continue.
Add the Car Allowance Rate Contributor
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In the Calculation section, click Create.
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Select the Rate Definition contributor type, and click OK.
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Complete the following.
Field name
What you enter
Add or Subtract
Add
Rate Name
Car Allowance
Periodicity
Weekly
Factor Rule
Value
Factor Value
0.5
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Click Save and Continue.
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Click Submit.