This date field will determine which effective date Scale Wage Rate the wage rate change will use to calculate the new wage rate. Some clients will use a wage rate other than the most recent to apply a wage rate change to and this date field will allow for that option.
This is a record of wage rate changes for a single step in ISWS
Start Date | End Date | Scale Rate | Basis |
---|---|---|---|
01-Jan-0001 | 25-Jun-2008 | 120.00 | WK |
26-Jun-2008 | 03-Mar-2010 | 122.40 | WK |
04-Mar-2010 | 31-Dec-3999 | 128.52 | WK |
Scale Base Date field blank
The calculation will be 128.52 x 3% = 3.86 + 128.52 = 132.38
Scale Base Date field 01-Jan-0001
The calculation will be 120.00 x 3% = 3.6 + 128.52 = 132.12
The new effective date wage rate will be either one of the examples below depending on the use of the scale base date field:
01-Jan-2013 | 31-Dec-3999 | 132.38 | WK |
01-Jan-2013 | 31-Dec-3999 | 132.12 | WK |
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