RATE_BASIS is an optional field used to hold the unit of measure that the rate is being expressed in. Rate_Basis is used throughout the application, it may be used in regards to a wage rate, premium rate, sundry deduction rate, attendance or benefit deduction rates etc...

X_RATE_BASIS is a fixed lexicon with the following values:
Saved
Value
Displayed ValueMeaning
01 YRYearly/Annual
02 MOMonthly
03 SMSemi-monthly
04 BWBi-weekly
05 WKWeekly
06 DYDaily
07 HRHourly
08 UNUnit
09 CTContract - Normally used for Premiums not Pay Lines
10 CLContract Limit - Normally used for Premiums not Pay Lines
15 $Amount