Using this method to set up a Wage Scale, only one wage rate is initially entered with all following scale step wage rates calculated by the system based on the percentages entered.
There must be one record set up with the % of Base as 100. This is the Base Record on which the wage rate for all other steps will be calculated from.
First, using the Add Step button, enter the Seq #, Step, Scale Rate, for the base rate. When the record is created, select the Rate Basis and add 100 in the % of base field. Following this other steps can be entered by entering the Seq #, Step, and the original wage rate (The selected Rate Basis will be defaulted into subsequent records). When the line is created, add the percent and the wage rate will be recalculated. The new wage rate will be re-calculated automatically based on the percentage entered applied to the Base Rate wage rate.
If the base wage rate is $10.00 then subsequent scale step records entered will look like this:
Seq # | Step | Effective As Of | Scale Rate | Basis | % of Base |
---|---|---|---|---|---|
5 | 5 | 01-Jan-0001 | 10.00 | HR | 100 |