Create Calculation Value Definition for Seniority Allowance
To create a new calculation value definition to record the percentages for the allowance the employee will receive based on their seniority. You can create the value definition or create a new value definition group.
To create a new calculation value definition:
Fastpath:
- Use the Calculation Value Definition task, click Create.
- Enter the following details:
Field VALUE Value Definition Group Use any predefined or user-defined existing value definition group or create your own group for this purpose Calculation Type Flat Amount Retrieval Date Date Earned - Record the calculation values, with the From and
To values representing the number of seniority years and
the allowance percentage when they reach that seniority From
year. Example of Calculation Values:
From To Flat Amount 0 2 0.0 3 9 0.05 10 14 0.08 15 99 0.1