Create and Edit Rate Components (Rates 1.0)

Configuration managers can view, add new, and edit existing rate components from the self-service dashboard.

Select the Rate Components tile in the self-service dashboard.
Select New to create a new rate component. To edit an existing rate component, select it from the list and choose Edit.
Use the field definitions in the table below to complete the form.

The table below describes required fields, optional fields, and rules for rate components.

Rate Component Field Definitions
Field	Definition
Details
Rate Structure	This field defaults to Rates 1.0. It only displays when the Coexistence rate structure is enabled. To create a Rate Component for Rates 2.0, refer to Rate Component Group (Rates 2.0).
Code*	A unique code for the rate component.
Name*	The name of the rate component. If desired, the rate component Code and Name may be the same.
Description	A description of the rate component.
MSP Company	The MSP Company with which this rate component is associated. This field is displayed when multiple MSP functionality is used.
Type	The type for the rate component: COS: Cost of Services Parity COS: Pay Parity Cost of Services Margin: The supplier’s profit Fee: Fee Tax: Tax MSP Fee: Fee charged by the MSP
Unit	The unit that applies to this rate component: Percentage: This option is available for all rate component types. Enter the percentage that should be used to calculate the rate component. Flat Rate: This option is available for the COS and Fee rate component types. Enter the fee amount.
Pre-Parity Percentage	The percentage that should be used to calculate the rate component when a worker has not yet achieved pay parity. If there are no costs during the pre-parity period, the value should be zero. This field displays when Parity COS is selected in the Type field and Percentage is selected in the Unit field.
Parity Percentage	The percentage that should be used to calculate the rate component when a worker has achieved pay parity. This field displays when Parity COS is selected in the Type field and Percentage is selected in the Unit field.
Pre-Parity Fee	The flat rate that should be used to calculate the rate component when a worker has not yet achieved pay parity. If there are no costs during the pre-parity period, the value should be zero. This field displays when Parity COS is selected in the Type field and Flat Rate is selected in the Unit field.
Parity Fee	The flat rate that should be used to calculate the rate component when a worker has achieved pay parity. This field displays when Parity COS is selected in the Type field and Flat Rate is selected in the Unit field.
Rules
Include in Level Subtotal	This rule displays for all rate component types except MSP Fee. Set this flag to No to exclude this component from the subtotal calculation for this rate component group level which excludes it from the next level calculation. If this flag is set to No a rate component group that includes this component cannot be added to a Bill Rate Based rate. This functionality can only be used with Pay Rate Based rates. Once set, it cannot be changed.
MSP Fee Calculation	For companies using MSP, this rule displays for all rate component types except MSP Fee. Set this flag to No to exclude this component when calculating the MSP fee. If the customer uses flat fee type MSP fees and this rule is set to No, the rule is disregarded and the configured flat fee is included without any modification. If this flag is set to Noa rate component group that includes this component cannot be added to a Bill Rate Based rate. This functionality can only be used with Pay Rate Based rates.
Use Admin Value	If selected for a component, the value of the component on a work order, work order revision, and SOW revision is replaced with the current admin value when the document is created. This replaces the value of the parent document (job posting, work order, or SOW). This field displays when COS, Margin, Fee or Tax is selected in the Type field. See Considerations.
Edit Value	Select the Edit Value check box if this rate component should be editable when it is part of a rate during the creation of a work order, work order revision or SOW revision. This field displays when COS, Fee, or Tax is selected in the Type field. See Considerations.
Supplier Can Increase Margin	When this flag is enabled, the supplier is able to increase the margin when submitting a job seeker. This field displays when Margin is selected in the Type field.

Considerations

When a work order, work order revision, or SOW is saved as a draft and later edited/submitted, the rates will not change from the rates saved on the draft, regardless of the Use Admin Value or Edit Value flags.
When a work order or work order revision is Rejected or Declined and then edited, the application will review the rules set on the rates and either make changes to the rates, or not, based on the rule settings.