In this step you:
Wage type classes
Limits on deductions can only be applied to wage type classes. Each wage type class contains one or more wage types which should be linked for the purposes of deductions and must be processed as a group. Typical wage type classes could be a group of all insurance wage types, for instance.
You may assign one of three different reduction rules to the wage type classes. The reduction rule assigned is then used by the system when a limit is reached by a deduction.
It is also possible to prioritize wage types within a wage type class.
Additionally you can define the arrears characteristic of a wage type. If a deduction needs to be reduced this amount can be forwardeded to the next period using the arrears functionality.
Limits
A limit consists of either a rule or a fixed amount which may be deducted by the wage types within a wage type class.
Assigment of limits to wage type classes
You may assign a number of limits to a wage type class. They may be valid for different as well as overlapping periods.
This means that you could limit insurance deductions, for instance, to 5% of the total gross amount an employee receives, but to no more than $150 dollars per limit interval.
Wage type classes
Limits