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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ISPM
ISPM

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At line 32 removed 18 lines
|| ||Premium Calc Rule:||Formula / Notes||FTE Pro?||Example:
|01|Premium Rate|Premium Rate\\Premium Type attached to [IPPC]\\Created when Pay Line is created/saved|Yes|Premium Rate=6.00\\Frequency = (not applicable)\\Result = $6.00 for each transaction with this premium attached
|02|Prem Rt Per Period|Premium Rate for the pay period frequency\\Flat amount created during [UPAUDT]|Yes|Premium Rate=6.00\\Pay Frequency=Monthly\\Result = $6.00 given once each pay.
|03|Prc x Wage Rt|Premium Rate as a Percentage X Employee’s Rate\\Premium Type attached to [IPPC]\\Created when Pay Line is created/saved|Yes|Premium Rate = 100.00\\Rate Basis = WK (from [ISPM] form)\\EE’s Wage Rate = 50,000/year\\Calc = 100 / 100 * $50,000 / 52 wk\\Result = $961.54 for each transaction with this premium attached (100% of 1 weeks’ pay)
|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
|05|Prc x Wg Rt x UVar|Premium Rate as a Percentage X Employee’s Rate X PC User Variable Rate\\Premium Type attached to [IPPC]\\Created when Pay Line is created/saved|Yes|Premium Rate = 15.00\\Rate Basis = WK (from [ISPM] form)\\EE’s Wage Rate = 10.00/hr\\EE’s Hours/Week = 40 (from Assignment)\\User Variable Rate = 2\\Calc = 15 / 100 * $400 * 2\\Result = $120.00 for each transaction with this premium attached ($400 is the weekly rate)
|06|Prem x EV|Premium Rate X Entered Value\\Premium Type attached to [IPPC]\\Created when Pay Line is created/saved|N/A|Premium Rate = 10.00\\Rate Basis = DY (from [ISPM] form)\\EE’s Hours/Day = 8 (from Assignment)\\Entered Value = 4\\Time PC basis = HR (from transaction)\\Calc = 10.00 / 8 * 4\\Result = $5.00 for this transaction
|07|Prem x EV x Wg Rt|Premium Rate X Entered Value X Employee’s Rate\\Premium Type attached to [IPPC]\\Created when Pay Line is created/saved|N/A|Premium Rate = 0.25\\Rate Basis = HR (from [ISPM] form)\\Entered Value = 8\\Time PC basis = HR (from transaction)\\EE’s Wage Rate = 10.00/hr\\Calc = 0.25 * 8 * 10\\Result = $20.00 for this transaction
|08|Prem x EV x UVar|Premium Rate X Entered Value X PC User Variable Rate\\Premium Type attached to [IPPC]\\Created when Pay Line is created/saved|N/A|Premium Rate = 4.00\\Rate basis = DY (from ISPM form)\\Entered Value = 6 \\Time PC basis = HR (from transaction)\\EE’s Hours/Day = 7.5\\User Variable Rate = 1.5\\Calc = 4 * (6 / 7.5) x 1.5\\Result =$4.80 based on the fact that a day is 7.5 hours, so the time was 0.8 days
|09|Prem x EV x Wg x UVar|Premium Rate X Entered Value X Employee’s Rate X PC User Variable Rate\\Premium Type attached to [IPPC]\\Created when Pay Line is created/saved|N/A|Premium Rate = 5.00\\Rate basis = HR (from [ISPM] form)\\EE’s Wage Rate = 15.00/hr\\Entered Value = 9\\Time PC basis = HR (from transaction)\\User Variable Rate = 0.005\\Calc = 5 * 9 * 15 * 0.005\\Result = $3.38
|10|Contract Limit Prem|Only applied to the Contract Limit on [IEAS] when an employee is in a ‘Contract’ type Group|N/A|Premium Rate = 1500.00\\Rate basis = CT (from [ISPM] form)\\This amount is included in the Contract Limit.
|11|Cell Points| | |N/A – custom calc rule
|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).
|13|UPTG Period Cell Pts| | |N/A – custom calc rule
|14|Increment Time|Increment Time is used in Time Scheduling -determined by the Clock In and Out times and the Time Type.| |Used on premiums attached to the Pay Line, and – not to the Position, Job or Assignment. This restriction is imposed since the ‘Override Rate’ is the key value in the formula and it would always be entered for premiums of this type.
|15|Pay Period Premium|Flat dollar amount that is given once per pay period. If there are multiple pays in a pay period, this will be give only once.| |
|16|Flat Amount Per Day|Flat dollar amount that is given once for each day worked. If there are multiple transactions on the same day, it will be given only once. FTE is not relevant here.| |
;:%%information The examples show that where there is a difference between the rate basis of the premium and the rate basis of the employee or the time transaction, a conversion of the rate will occur using the employee’s hours per day, or the rate basis of the time transaction, as applicable.%%
This page (revision-32) was last changed on 26-Nov-2021 10:22 by jescottTop