Create Rate Definitions for Overall Salary

In this example, you create a rate definition for overall salary that includes multiple rate contributors.

You do these actions.

  • Create the overall salary rate definition

  • Add the regular salary rate contributor

  • Add the car allowance rate contributor

This table summarizes the key decisions for your scenario.

Decisions to Consider

In This Example

What components of pay should be included in an employee's overall salary?

  • Regular Salary

  • Car Allowance

Should I include all pay for car allowance in the overall salary?

No. Only include 50 percent of the amount paid for car allowance.

Note:

The overall salary rate definition is a derived rate. To populate the Overall Salary check box, select a salary element in the Element name field. You then add the regular salary rate and car allowance rate contributors to the rate definition. The rate contributors that you add should be elements that you select from the Rate Name field on the Create Rate Contributor page.

Create the Overall Salary Rate Definition

  1. On the Home page, click the Rate Definitions quick action under the My Clients Groups tab.

  2. Click Create.

  3. Enter these values.

    Field

    Value

    Category

    Derived Rate

    Effective Start Date

    Enter the current date.

    Legislative Data Group

    Select your legislative data group.

  4. Click OK.

  5. Enter these values.

    Field

    Value

    Name

    Overall Salary

    Short Name

    OVERALL_SAL

    Element Name

    Salary

  6. In the Returned Rate Details section, enter these values.

    Field

    Value

    Periodicity

    Weekly

    Periodicity Conversion Formula

    Standard Rate Annualized

    Currency

    LDG Currency

Add the Regular Salary Rate Contributor

  1. In the Calculation section, click Create.

  2. In the Create Rate Contributor dialog box, Contributor Type field, select Base Rate.

  3. Enter these values.

    Field

    Value

    Add or Subtract

    Add

    Employment Level

    Payroll Assignment

    Periodicity

    Weekly

  4. Click Save and Continue.

Add the Car Allowance Rate Contributor

  1. In the Calculation section, click Create.

  2. In the Create Rate Contributor dialog box, Contributor Type field, select Rate Definition and click OK.

  3. Enter these values.

    Field

    Value

    Add or Subtract

    Add

    Rate Name

    Car Allowance

    Periodicity

    Weekly

    Factor Rule

    Value

    Factor Value

    0.5

  4. Click Save and Continue.

  5. Click Submit.