• A fix to how compensation is converted from yearly to hourly was applied to the employee record compensation tab. Annual compensation is now converted to hourly for the purpose of calculating percent based compensation by dividing by 52 times the number of working hours in the employee’s weekly work-schedule. Holidays are not deducted. Only compensation elements such as regular pay which are members of the designated compensation group are included in the percent based compensation hourly rate calculation
  • Employee pay calculation was also enhanced as a result of customer testing, including fixes to the application of weekly time evaluation rules with holidays and vacations as well as the option to run time evaluation and pay calculation for many employees at the same time. iBE’s time evaluation and pay calculation can be used to determine and send gross pay to payroll systems such as ADP, including handling of complex or union-based overtime and other pay rules. These rules can include paying overtime at given hourly or percentage rates when working more than a given number of hours per day, or when working more than a given number of hours per week, or when working on holidays or weekends. Multiple rules can be combined together to address any company’s overtime and pay calculation rules including companies with strict union contracts and mixture of full-time and part-time workers, daily or periodic vs. hourly entitlements and a mixture of different compensation rates expressed as a percentage of other compensation elements