Pay Calculation is a new module which runs after Time Evaluation and which takes the clocked or calculated attendance data as input and calculates gross pay as output. This can be in turn extracted to external systems such as ADP or Paychex. Our pay calculation module supports:
- Defining of regular pay as either hourly (based on actual number of hours worked or on paid time-off) or annual/monthly/pay period (based on a fixed amount per payroll period irrespective of the number of hours worked)
- Defining premium rate pay such as for night-shift, meal-allowances or danger money as either hourly, daily or pay period based amounts. Hourly/pay period premium rates pay is calculated as above; while daily compensation elements are calculated at the fixed daily rate for any days with 1 second or longer time worked
- Defining premium or overtime rated work as a % ratio of other compensation elements. For example overtime might be payable at 150% of regular pay including bonus and night-shift premiums but excluding commissions, other benefits or meal allowances. To support this we introduced a concept of a compensation group allowing you to define which compensation elements make up the group used as the basis for calculating overtime. The sum of pay for all elements in that group divided by the total number of hours worked in the pay period gives the base overtime rate (to apply 150% to for example)