This page (revision-24) was last changed on 26-Nov-2021 10:22 by kparrott

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

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Version Date Modified Size Author Changes ... Change note
24 26-Nov-2021 10:22 26 KB kparrott to previous
23 26-Nov-2021 10:22 25 KB rforbes to previous | to last
22 26-Nov-2021 10:22 25 KB jmyers to previous | to last
21 26-Nov-2021 10:22 26 KB JMyers to previous | to last

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USING SALARY RATE METHODS
USING SALARY RATE METHODS

Version management

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Note that each different cell premium is a pay is balanced separately.
%%information Note that each different cell premium is a pay is balanced separately.%%
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• the employee must not be hired within the pay period
• the employee must not be terminated in the pay period
*the employee must not be hired within the pay period
*the employee must not be terminated in the pay period
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Cell Point Premium Variance Percentage
!Cell Point Premium Variance Percentage
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Cell Point Premium Pay Component
!Cell Point Premium Pay Component
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Note that the output pay component can by any other component (Regular Earnings in the example below). This provides for flexibility when choosing the pay component that will hold the actual adjustment.
%%information Note that the output pay component can by any other component (Regular Earnings in the example below). This provides for flexibility when choosing the pay component that will hold the actual adjustment.%%
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Note that all transactions making up part of the employee regular earnings are generated from the scheduled hours, and therefore will be handled perfectly by Retroactive Pay (UPRETRO). Any Force Balance earnings will NOT be taken into consideration during UPRETRO, since generation is simply set to ‘Entered Value’.
%%information Note that all transactions making up part of the employee regular earnings are generated from the scheduled hours, and therefore will be handled perfectly by Retroactive Pay (UPRETRO). Any Force Balance earnings will NOT be taken into consideration during UPRETRO, since generation is simply set to ‘Entered Value’.%%
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!!Pay Period Premiums
Pay Period premiums are a new feature as of September, 2005 and are designed to replace UPTG premiums. This type of premium is generated naturally from the hours worked in the pay period and is also ‘Force Balanced’ to ensure that the employee gets the exact premium amount when working a full pay period. Pay Period premiums are computed using a variable rate per hour depending on the number of hours that the employee is scheduled to work. If the employee is scheduled to work the entire pay period, the total of premium generated (by day) must equal the value of the Pay Period premium.
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Since the premium generated from the hours worked are multiplied by the variable rate on a daily basis, the generated premium can by wrong due to the mathematics in rounding.
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To deal with this issue, P2K will perform ‘Force Balancing’ when the transactions are brought into payroll (UPTR). This balancing will occur after the last transaction for an employee has been loaded into IPPH.
%%information Please note that all transactions for an employee must be in the same execution of UPTR for force balancing to be invoked.%%
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It is important to note that the only place that balancing occurs is when the IPTR batches are brought into payroll during the execution of UPTR.
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%%information Note that each different Pay Period premium in a pay is balanced separately.%%
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Pay Period Premiums
Pay Period premiums are a new feature as of September, 2005 and are designed to replace UPTG premiums. This type of premium is generated naturally from the hours worked in the pay period and is also ‘Force Balanced’ to ensure that the employee gets the exact premium amount when working a full pay period. Pay Period premiums are computed using a variable rate per hour depending on the number of hours that the employee is scheduled to work. If the employee is scheduled to work the entire pay period, the total of premium generated (by day) must equal the value of the Pay Period premium.
Since the premium generated from the hours worked are multiplied by the variable rate on a daily basis, the generated premium can by wrong due to the mathematics in rounding.
To deal with this issue, P2K will perform ‘Force Balancing’ when the transactions are brought into payroll (UPTR). This balancing will occur after the last transaction for an employee has been loaded into IPPH. Please note that all transactions for an employee must be in the same execution of UPTR for force balancing to be invoked.
It is important to note that the only place that balancing occurs is when the IPTR batches are brought into payroll during the execution of UPTR.
Note that each different Pay Period premium in a pay is balanced separately.
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• the employee must not be hired within the pay period
• the employee must not be terminating in the pay period
*the employee must not be hired within the pay period
*the employee must not be terminating in the pay period
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Pay Period Premium Variance Percentage
!Pay Period Premium Variance Percentage
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Pay Period Premium Pay Component
!Pay Period Premium Pay Component
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Note that the output pay component can by any other component (Regular Earnings in the example below). This provides for flexibility when choosing the pay component that will hold the actual adjustment.
The calculation method for this component must be ‘Entered Value’.
The user variable will point to the variance percentage.
The destination pay component must be the as the Pay Period Premium pay component.
Note that all transactions making up part of the employee regular earnings are generated from the scheduled hours, and therefore will be handled perfectly by retroactive pay (UPRETRO). Any Force Balance earnings will NOT be taken into consideration during UPRETRO, since generation is simply set to ‘Entered Value’.
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%%information Note that the output pay component can by any other component (Regular Earnings in the example below). This provides for flexibility when choosing the pay component that will hold the actual adjustment.%%
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The calculation method for this component must be ‘Entered Value’.
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The user variable will point to the variance percentage.
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The destination pay component must be the as the Pay Period Premium pay component.
%%information Note that all transactions making up part of the employee regular earnings are generated from the scheduled hours, and therefore will be handled perfectly by retroactive pay (UPRETRO). Any Force Balance earnings will NOT be taken into consideration during UPRETRO, since generation is simply set to ‘Entered Value’.%%
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Sample ‘Audit Text’ recorded for a Pay Period Premium
!Sample ‘Audit Text’ recorded for a Pay Period Premium
This page (revision-24) was last changed on 26-Nov-2021 10:22 by kparrottTop