TA30.1 - Accrual Amount Formula
Use Accrual Amount Formula (TA30.1) to define calculations that determine
accrued hours based on flat hours or calculation formulas.
**Processing Effect
Both flat hours and calculation formulas calculate accrued hours according
to the number of hours an employee works in each accrual cycle. Both types
use one or more pay classes to determine the number of hours worked by an
employee.
The first type gives employees a flat amount of hours for a range of
hours worked.
For example, in a plan that accrues weekly, employees who work up to
40 hours earn .75 hours. Employees who work more than 40 hours during the
week earn .80 hours for that week. To set this up, type the following values
in the From, To, and Accrual fields.
The second type accrues hours based on calculations that use a ratio
of the hours worked in a pay class to the number of hours in an accrual cycle
multiplied by the defined factor.
For example, in a plan that accrues weekly, employees who work up to
40 hours earn a factor of .75 multiplied by the ratio of hours they worked.
Employees who work more than 40 hours during the week, earn .80 multiplied
by the ratio of hours they work. To set up this calculation, you would type
the following values in the From, To, Pay Class, Hours and Factor fields.
An employee who worked 40 hours in the pay class would earn (40/40)
* .75 = .75 hour. An employee who worked 50 hours would earn (50/40) * .80
= 1 hour.
In both types, if you select more than one pay class, the system adds
the results to determine the accrual hours for the employee.
You can define up to 24 formulas for each calculation.
| Referenced Files |
| |
| ACCRSCHED |
- No Description Available. |
| PAYCLASS |
- No Description Available. |
| PRSYSTEM |
- No Description Available. |
File created: Wed Jun 08 20:51:41 2016
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