How Do I Select the Rate Calculation Rule for an Earnings Element
When using the Elements task to define earnings, you can choose from one of these calculation rules.
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Factor
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Flat Amount
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Hours * Rate
The payroll process uses one of these methods to derive the rate.
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Employee's salary basis
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Through element entry
Note:To ensure proper overtime calculation, the Standard Earnings of Premium secondary classification must use the Hours * Rate rule.
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Percentage of Earnings