This page (revision-32) was last changed on 26-Nov-2021 10:22 by jescott

This page was created on 26-Nov-2021 10:22 by KateN

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Version Date Modified Size Author Changes ... Change note
32 26-Nov-2021 10:22 8 KB jescott to previous
31 26-Nov-2021 10:22 8 KB JMyers to previous | to last
30 26-Nov-2021 10:22 9 KB JMyers to previous | to last
29 26-Nov-2021 10:22 14 KB JAiken to previous | to last
28 26-Nov-2021 10:22 14 KB JAiken to previous | to last
27 26-Nov-2021 10:22 14 KB JMyers to previous | to last
26 26-Nov-2021 10:22 14 KB JMyers to previous | to last
25 26-Nov-2021 10:22 14 KB JMyers to previous | to last
24 26-Nov-2021 10:22 14 KB JMyers to previous | to last
23 26-Nov-2021 10:22 14 KB JMyers to previous | to last TYPE_SEQUENCE ==> PREMIUM_TYPE_SEQUENCE
22 26-Nov-2021 10:22 14 KB JMyers to previous | to last
21 26-Nov-2021 10:22 13 KB JMyers to previous | to last

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At line 26 changed one line
;[Premium Rate|PREMIUM_RATE]:This is the rate that will be used when the Premium Calc rule includes “premium rate” in the formula. If the rule indicates premium rate (Prem Rt) then enter the rate as a percentage amount (0.50 for 50%) or a flat amount (100 for a fitness club premium). If the rule indicates a premium percentage (Prem Prc) then enter the percentage as a whole number (25 for 25%). Premium_Rate is a mandatory numeric field that may be entered by users.\\ \\__Note that this rate is the default rate, but that it may be overridden, if necessary, for individual jobs, positions, assignments, or transactions (as long as the user has proper security clearance to do so).__
;[Premium Rate|PREMIUM_RATE]:This is the rate that will be used when the Premium Calc rule includes “premium rate” in the formula. If the rule indicates premium rate (Prem Rt) then enter the rate as a percentage amount (0.50 for 50%) or a flat amount (100 for a fitness club premium). If the rule indicates a premium percentage (Prem Prc) then enter the percentage as a whole number (25 for 25%). Premium_Rate is a mandatory numeric field that may be entered by users.\\ \\Note that this rate is the default rate, but that it may be overridden, if necessary, for individual jobs, positions, assignments, or transactions (as long as the user has proper security clearance to do so).
At line 30 changed one line
;[Premium Calc Rule|PREMIUM_CALC_RULE]:Premium Calc rule is the rule that will be used to calculate the premium. There are a number of formulas provided. Below is a table that outlines the calc rule from the LOV, the formula it represents, whether a pro-ration is applicable, and an example of each rule. An explanation of the use of FTE Pro-ration follows the table.\\ \\__If the premium calculation rule uses a user variable, that user variable must be on the Time Pay component in order for this premium calculation to work__
;[Premium Calc Rule|PREMIUM_CALC_RULE]:Premium Calc rule is the rule that will be used to calculate the premium. There are a number of formulas provided. Below is a table that outlines the calc rule from the LOV, the formula it represents, whether a pro-ration is applicable, and an example of each rule. An explanation of the use of FTE Pro-ration follows the table.\\ \\If the premium calculation rule uses a user variable, that user variable must be on the Time Pay component in order for this premium calculation to work.
At line 36 changed one line
|04|Prem Rt x PC UVar|Premium Rate X PC User Variable Rate\\Premium Type attached to [IPPC]Created when Pay Line is created/saved|Yes|Premium Rate = 10.00\\Rate Basis = (not applicable)\\User Variable Rate = 1.5\\Calc = 10.00 * 1.5\\Result = $15.00 the rate basis of the premium and the pay component that originated the transaction (if there is one), are not applicable
|04|Prem Rt x PC UVar|Premium Rate X PC User Variable Rate\\Premium Type attached to [IPPC]\\Created when Pay Line is created/saved|Yes|Premium Rate = 10.00\\Rate Basis = (not applicable)\\User Variable Rate = 1.5\\Calc = 10.00 * 1.5\\Result = $15.00 the rate basis of the premium and the pay component that originated the transaction (if there is one), are not applicable
At line 44 changed one line
|12|[UPTG] Period $$$|Premium Rate the frequency indicated\\Flat amount created during [UPTG]\\This rule is only applicable when generating dollars and not if you’re generating hours.|Yes|Premium Rate = 6.00\\Frequency = WK (from ISPM)\\Pay Frequency = Biweekly\\Result = $12.00 for this pay period (6.00 per week).
|12|[UPTG] Period $$$|Premium Rate the frequency indicated\\Flat amount created during [UPTG]\\This rule is only applicable when generating dollars and not if you’re generating hours.|Yes|Premium Rate = 6.00\\Frequency = WK (from [ISPM])\\Pay Frequency = Biweekly\\Result = $12.00 for this pay period (6.00 per week).
At line 51 changed one line
;[Custom Premium Logic|CUSTOM_PREMIUM_LOGIC]:If you require custom premium logic, contact your High Line consultant.
;[Custom Premium Logic|CUSTOM_PREMIUM_LOGIC]:If you require custom premium logic, contact your consultant.
At line 55 changed one line
;[Frequency|FREQUENCY]:This field indicates how often, or for what types of pay, the transaction line will be created. [{$applicationname}] uses the term “frequency” to control the timing of payroll deductions, benefits, and earnings. Frequencies are defined during Payroll training and once created may be accessed by the LOV.\\ \\__‘Frequency’ is only applicable to the “Prem per Period” and “UPTG Period Premium” calculation method. However, if either of those methods are used, frequency is REQUIRED.__\\ \\Frequency is an optional, 16-character alphanumeric field that may be retrieved from the LOV.
;[Frequency|FREQUENCY]:This field indicates how often, or for what types of pay, the transaction line will be created. [{$applicationname}] uses the term “frequency” to control the timing of payroll deductions, benefits, and earnings. Frequencies are defined during Payroll training and once created may be accessed by the LOV.\\ \\‘Frequency’ is only applicable to the “Prem per Period” and “UPTG Period Premium” calculation method. However, if either of those methods are used, frequency is REQUIRED.\\ \\Frequency is an optional, 16-character alphanumeric field that may be retrieved from the LOV.
At line 70 changed one line
;:__In theory, any number of premiums could be attached to a single pay line. If any one of these premiums invokes the ‘Replace’ option, then the hours and/or earnings generated by the original transaction will be replaced by the hours and earnings on the premium. Any other premiums will be processed based on these new hours/earnings.__
;:In theory, any number of premiums could be attached to a single pay line. If any one of these premiums invokes the ‘Replace’ option, then the hours and/or earnings generated by the original transaction will be replaced by the hours and earnings on the premium. Any other premiums will be processed based on these new hours/earnings.
At line 74 changed one line
;[Incl in Highest Rate of Day|HIGHEST_RATE_OF_PAY]:If the toggle is ON it provides the ability to apply the highest rate of pay received on that day worked including premiums. The highest rate on a day of course cannot be determined until all transactions for a pay are available and ‘official’. Because of this, the perfect place to ‘Rate’ Pay Components with this option, is when the Pay hits the Pay Stage to be audited, so the UPAUDT function will be given the responsibility to apply the ‘Highest Rate of the Day’ feature.\\Highest_Rate_Of_Pay is an optional toggle ([P2K_SA_PREMIUM_DETAILS]) that the user may set ON or OFF.
;[Incl in Highest Rate of Day|HIGHEST_RATE_OF_PAY]:If the toggle is ON it provides the ability to apply the highest rate of pay received on that day worked including premiums. The highest rate on a day of course cannot be determined until all transactions for a pay are available and ‘official’. Because of this, the perfect place to ‘Rate’ Pay Components with this option, is when the Pay hits the Pay Stage to be audited, so the [UPAUDT] function will be given the responsibility to apply the ‘Highest Rate of the Day’ feature.\\Highest_Rate_Of_Pay is an optional toggle ([P2K_SA_PREMIUM_DETAILS]) that the user may set ON or OFF.
At line 82 changed one line
;[Amount PC Code|PAY_COMPONENT]:Amount PC code is the pay component code that will store the “earnings” result of the premium calculation. Users may wish to use this field if the earnings from the premium are stored separately as a result of the premium transaction. This may be necessary if the cost account (or distribution code) of the premium differs from the originating transaction.\\ \\''Continuing with the same example as above, this employee’s rate is $10/hr, and the premium rate is $0.50/hr. If separate areas for tracking regular earnings and premium (or shift) earnings are required and defined, the result would be:\\''$80.00 regular earnings, $ 4.00 premium earnings\\''If the company requires only that the earnings be recorded in one lump sum (premiums are not tracked as a separate amount on the financial journal, or are tracked based on hours pay components, instead), the result would be:\\''$84.00 regular earnings''\\ \\Pay_Component is an optional, 4-character numeric code that may be entered by the user or retrieved from the LOV.
;[Amount PC Code|PAY_COMPONENT]:Amount PC code is the pay component code that will store the “earnings” result of the premium calculation. Users may wish to use this field if the earnings from the premium are stored separately as a result of the premium transaction. This may be necessary if the cost account (or distribution code) of the premium differs from the originating transaction.\\ \\''Continuing with the same example as above, this employee’s rate is $10/hr, and the premium rate is $0.50/hr. If separate areas for tracking regular earnings and premium (or shift) earnings are required and defined, the result would be:\\''$80.00 regular earnings, $ 4.00 premium earnings\\ \\''If the company requires only that the earnings be recorded in one lump sum (premiums are not tracked as a separate amount on the financial journal, or are tracked based on hours pay components, instead), the result would be:\\''$84.00 regular earnings''\\ \\Pay_Component is an optional, 4-character numeric code that may be entered by the user or retrieved from the LOV.
At line 85 changed one line
;:__Pay Point Type and Seq are only applicable to the “Prem per Period” and “UPTG Period Premium” calculation method and are REQUIRED if either of those methods are used.__\\
;:Pay Point Type and Seq are only applicable to the “Prem per Period” and “UPTG Period Premium” calculation method and are REQUIRED if either of those methods are used.\\
This page (revision-32) was last changed on 26-Nov-2021 10:22 by jescottTop