This section describes the fields and actions on the Compensation Model tab of the Compensation Models workspace.
Compensation Model Island
| Field | Description |
|---|
| Currency
|
Specify the default currency for new compensation types added to the model. This field can be left blank.
|
| Pay Period
|
Select the default pay period for new compensation types added to the model. This field can be left blank.
|
| Exchange Rate Table
|
Specify the exchange rate table to use in the compensation model. If you do not specify an exchange rate table, Maconomy automatically uses the company specific enterprise exchange rate table.
|
| Base Salary Method
|
Specify the calculation method to use for calculating base salary with the calculation pay period specified for the calculation, and an effective period for each agreement.
|
| Pay Period Calendar
|
This field shows the pay period calendar to use for calculating gross pay. Note that you cannot change the calendar once a gross pay calculation has been calculated for the compensation model.
|
Weekend Island
| Field | Description |
|---|
| Monday to Sunday
|
Select the check box to specify the days of the week that are weekend days and not regular working days.
|
Posting Island
| Field | Description |
|---|
| Posting Reference, Offset
|
Enter the name of the posting reference to use for posting gross pay and base salary rate results.
|
| Posting Description, Offset
|
Enter a description of the posting reference.
|
| Transaction Type
|
Select the transaction type to use for posting gross pay and base salary rate calculations.
|
Option List Fields Island
| Field | Description |
|---|
| Option List 1-10
|
Specify the default choice of option lists on compensation types added to the model.
|
Access Level Island
| Field | Description |
|---|
| Access Level
|
Enter the name of the access level required to access the compensation model.
|