Time Wage Types Valuation

Use

You need this function to valuate time wage types.

During the payroll run, the system reads various time wage types from tables. These time wage types contain only one number (NUM). To calculate the amount (AMT) of the time wage type, the number must be multiplied by a rate (RTE). The system calculates the rate for each unit

·using averages

Example Example

An employee has 14 days leave. The vacation allowance should be made up of the pay and 10% of all overtime bonuses from the last six months. To do this the system must calculate an average value .

End of the example.

using a valuation basis

Example Example

Your employee works overtime between 5 p.m. and 7 p.m. In accordance with the company agreement, these two hours of overtime entitle the employee to an overtime bonus in addition to his or her basic remuneration.

Your Time Management system provides you with a Bonus for overtime wage type, which only contains the number of hours of overtime (2 hours in this example). The payroll program requires a rate by which to multiply the number in the Bonus for overtime wage type. To do this, you must define a valuation basis .

End of the example.