Calculation Rules Supported by Element Template
Select the calculation rule appropriate for your element, to control which input values or value definitions are created for the element, the predefined formula associated with the element, and so on.
For example, when you create an allowance element that's based on a percentage of earnings, select the Percentage calculation rule.
This table lists the calculation rules supported by the element template.
| Name | Description |
|---|---|
Days * Rate (Including Days rule) |
Select this rule for absence payments that are paid based on the number of days an employee is absent. The element formula multiplies the number of absence days by the applicable rate. |
| Flat Amount | Select this rule when a flat payment or deduction amount is entered for an employee. Based on the entered amount, the element formula calculates the amount payable each payroll period, based on the payroll frequency of the employee. For example, if you enter an annual allowance amount of $6,000 for an employee, the element will calculate $500 as payable in each monthly payroll period. |
| Factor | Select this rule for earnings or deductions that are calculated based on a factor, using rates. For example, a company pays shift payments that are calculated as a factor of 0.05% of the employee's salary. |
Hours * Rate (Including Hours rule) |
Select this rule for employees that are paid based on the number of hours submitted on a time card. The element formula multiplies the number of hours entered for the employee by the applicable rate. |
| Percentage of Earnings or Percentage of Deductions | Select this rule for earnings or deductions that are calculated based on a percentage. For example, a company pays car allowance payments that are calculated as 5% of the employee's salary. This type of element creates a balance called <ELEMENT_NAME> Eligible Comp. The predefined element formula uses this balance for the percentage calculation. Add balance feeds to this balance to meet your business requirements. For example, apply the salary element to this balance when the percentage calculation is based on the salary of the employee. |
| Other Units | Select this rule for payments that are based on number of units such as mileage or piecework rates. The element formula multiplies the number of units entered for the employee by the applicable rate. |