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.
A - Amount
Pay a specified amount.
D - Rate per Day
Pay a specific amount for each day of posting
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.)
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
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