Manage Pay Types
Use the Manage Pay Types screen to enable or define certain pay type characteristics.
Pay types control the way in which labor cost is calculated on the Manage Timesheets screen. Use pay types on the Manage Timesheets screen to specify premium or straight-time rates of pay. Depending on the pay type, you can add additional amounts to the calculated labor cost. In addition, the Pay Types table controls whether a pay type is eligible for overtime premium recasting and/or weighted average rate calculations.
The Manage Pay Types screen allows you to link pay types for pay stub consolidation under a parent pay type. If you establish a parent/child link on this screen, when you print a paycheck or payment advice in Costpoint, the child pay type earnings and hours will "roll-up" to the parent pay type. This allows for less pay types to print on the pay stub. If you assign child pay types to a parent pay type, all earnings and hours from the child pay types will be reported under the parent pay type only. Use the Link Pay Types for Paystub Consolidation subtask on this screen for this feature.
- Related Topics:
- Display the Manage Pay Types Screen
You access the Manage Pay Types screen from the People domain. - Contents of the Manage Pay Types Screen
Use the fields and options to configure the Manage Pay Types screen. - Table Information for the Manage Pay Types Screen
Changes to the Manage Pay Types screen update the PAY_TYPE table. - Subtasks of the Manage Pay Types Screen
The Manage Pay Types screen has the Link Pay Types for Paystub Consolidation and Transaction Currency Overrides subtasks.