Manage Net Guarantee

A net guarantee element or (Fr: Garantie au net) need to be created to manage a deduction.

To create a new Net Guarantee element:

Navigation: My Client Groups > Payroll > Elements

1. Click Create.
2. In the Create Element window, select the appropriate Legislative Data Group, Regular Earnings as the Primary Classification and Net Guaranteed as the Secondary Classification.
3. In the Create Element: Basic Information page, type a Name, Reporting Name and Effective Date for the element.
4. Complete the questions, as required and click Next.
5. In the Create Element: Additional Details page, complete the remaining questionnaire.
6. In the Element: Review page, select the Periodicity conversion rule as Standard rate annualized.
7. Verify the remaining information and click Submit to create the new element.
8. The Element Creation confirmation pop-up window appears. Click OK.
9. On the Element Summary page, provide additional information as needed, such as Input values, Processing rules, and Eligibility.
   Note: Use the Element Overview panel on the left to navigate through the setup pages. Element eligibility must be defined to link the element to an element entry (and hence to gross compensation).
10. In the Element Overview panel, select Actions > Create Element Eligibility
11. On the Element Eligibility page, enter a name in the Element Eligibility Name field and click Submit.
    Note: By entering only a name and no eligibility criteria, the element is eligible for all employees.
12. Modify these properties:
    1. Processing priority: 3000 (later than other earnings element)
    2. Skip rule: FR Net Guarantee Skip
13. Go to advance rule:
    1. Enable Iterative Calculation : Yes
    2. Iterative Order: 100
    3. Iterative Formula : ORA_HRX_FR_GAN_ITERATIVE
14. On IJSS Entitlement Element that was created earlier for IJSS, navigate to Skip rules and add: FR Absences Skip.