Setting Up Pay Plan Types
Pay plan types control what is done by a given pay plan. Open to define your pay plan types.
For more information refer to The Big Picture Of Pay Plans for more information.
Description of Page
To modify a pay plan type, simply move to a field and change its value. To add a new pay plan type, press + to insert a row, then fill in the information for each field. The following fields display:
Pay Plan Type The name of the pay plan type.
Description A meaningful description of the pay plan type.
Broken Algorithm This algorithm is called when a pay plan is broken. Refer to The Pay Plan Monitor for more information about how pay plans are broken.
If you haven't done so already, you must set up this algorithm in the system. To do this, create a new algorithm (refer to Setting Up Algorithms). On this algorithm, reference an Algorithm Type that breaks a pay plan.
Debt Class The debt class covered by pay plans of this type. Refer to Setting Up Debt Classes for more information.