Set Up Earnings Elements
You need to create an earnings element to capture the calculated value for force majeure pay.
To create a new earnings element:
Navigation:
- Click Create and complete the fields as shown here:
Field Value Calculation rules Flat Amount Default Periodicity Periodically Periodicity Conversion Rule Standard Rate Annualized How do you want the work units reported? None - If there are some elements which are a part of the above Rate Definition but are
nonrecurring functionally, for example a Bonus, use these setup as shown here,
as shown:
Acting Allowance Flat Amount Recurring N/A Performance related pay Flat Amount Recurring N/A - Save the details.Note:
- Don't select the Allow multiple entries in same period checkbox when creating elements. The HCM Rates functionality doesn't support the creation of rated associated with elements with multiple entries allowed.
- Even if one of the above element types is a nonrecurring payment, you need to configure it as a recurring element and limit its usage to a one-time payment with the start and end dates on the element entry.
- Ensure that the earnings elements being referenced in the various rate definitions for absence calculation should have a higher priority (lower number) than the absence elements.