Earnings Code Calculation Methods
When you set up an earnings code in PR Earnings Codes, you need to determine the calculation method for the earnings using the Method drop-down field.
The following table displays available calculation methods, their description, and typical uses for specific countries.
Method | Description | Typical Use |
|---|---|---|
A - Amount | Pay a specified amount. | Salary |
D - Rate per Day | Pay a specific amount for each day of posting | Subsistence |
F - Factored Rate per Hour | Calculate add-on earnings by multiplying the rate times the factor of the posted earnings code (e.g., $1.00 per hour for regular time, $1.50 for overtime, and $2.00 for double time.) | Union add-ons |
G - Rate of Gross | Calculate on all earnings prior to this earnings code that are subject to auto earnings. | 401(k) – United States Superannuation – Australia Registered Retirement Savings Plans - Canada |
H - Rate per Hour | Calculate using the number of hours posted multiplied by a specific rate | Hourly wages |
S - Rate of STE | Calculate earnings based on straight time equivalent. Used only for automatic earnings. | Workers Compensation - United States |
V - Variable Factored Rate | All earnings where the rate is based on the factor of the posted earnings code but the rate cannot be calculated as simply as straight time x the factor (e.g., union vacation is $1.00 per hour for regular time, $1.35 per hour for overtime, and $1.75 per hour for double time.) | Union add-on that has a variable rate based on the earnings factor. |
R - Routine | This option is applicable to Australian and Canadian users only. | |
L - Allowance | Use this option when setting up an earnings code for payroll allowances. | Payroll allowances (crib, meal, etc.) - Australia |
