Premiums are used to track and pay extra time and earnings that are not strictly wages.
You will be able to control premiums by using premium ‘types’. For example, these types will prevent an employee from being paid for both a ‘Day’ and an ‘Afternoon’ shift premium at the same time. Premium types are assigned to pay components to control the wages to which they are to be applied.
For example, shift premiums are applied to REG and OT Time but not VAC or SICK.
Premiums will be associated to jobs, position, assignments or pay lines. If the same premium type is indicated on more than one of these forms, the order of precedent applies. The precedent order is:
- pay line overrides assignment, position and job
- assignment overrides position and job
- position overrides job