Use this section to set up the compensation types you use in your company.
Compensation Type Island
| Field | Description |
|---|
| Compensation Type No.
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In this field, you must specify an identification number when creating a compensation type. Both letters and numbers can be used in the identification number. Once the compensation type has been created, the number can no longer be changed.
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| Name
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In this field, you can specify the name of the compensation type.
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| Category
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In this field, you can select the category of the current compensation type. You can choose from the categories created in the pop-up type “Compensation Categories” in the window Popup Fields. Compensation categories are used for grouping compensation elements, making it possible to, for example, only view compensations of a given category in the window Compensation Agreements.
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| Starting Date
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In this field, you can specify the default starting date to be suggested on new compensation agreement lines on which the current compensation type is specified. For information on the effects of the starting date on compensation agreement lines, see the description of the corresponding field in the table part of the window Compensation Agreements.
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| Ending Date
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In this field, you can specify the default ending date to be suggested on new compensation agreement lines on which the current compensation type is specified. For information on the effects of the ending date on compensation agreement lines, see the description of the corresponding field in the table part of the window Compensation Agreements.
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| Time Unit
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In this field, you can specify the default time unit to be suggested on new compensation agreement lines on which the current compensation type is specified. For information on the effects of the time unit on compensation agreement lines, see the description of the corresponding field in the table part of the window Compensation Agreements.
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| Number of Time Units
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In this field, you can specify the number of times the value of the current agreement should be paid out. changing the number of time units will affect the total value of the agreement.
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| Pay by
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In this field, you can specify the default pay by date to be suggested on new compensation agreement lines on which the current compensation type is specified. For information on the effects of the pay by date on compensation agreement lines, see the description of the corresponding field in the table part of the window Compensation Agreements.
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| Blocked
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In this field, you can specify whether the current compensation type is blocked. When a compensation type is blocked, it is not possible to create compensation agreement lines with the type in question or edit existing agreements with the current compensation type.
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Option List Fields Island
| Field | Description |
|---|
| List
|
In these fields, you can specify the option lists containing the values that should be available for further specification in the fields “Value” in this island and on compensation agreement lines with the current type. This means that the fields “Value” in this island can only be completed with options available in the corresponding option lists specified here. Furthermore, when entering the current type on a line in the table part of the window Compensation Agreements, the fields “Value 1-5” on that line can only be completed with options available in the corresponding option lists specified here. If you leave a given field empty, any value can be specified in the corresponding value field.
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| Value
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In these fields, you can specify a number of values for further specification of the current compensation type and individual compensation agreements of the type in question. You can only use values available in the respective option lists specified in this island. If a given option list field in the compensation type has been left blank, any text can be entered in the corresponding value field.
When a compensation agreement with the current type is created, the values are also suggested in the corresponding fields on the new agreement.
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Remarks Island
In these fields, you can enter additional remarks about the current compensation type.
Company Island
| Field | Description |
|---|
| Company
|
In these fields, you can specify the name and number of the company to which the compensation type pertains. The contents of these fields determine which users have access to see information about the compensation type. In the window Company Information in the G/L module it is possible to assign each company to an access level. A user only has access to see information about a compensation type if he has granted access to the access level in the window User Access Levels in the Set-Up module to which the company is assigned or a superordinate level. In addition, the user must have access to the access level specified in the island Access Level in order to have access to the current compensation type. Please note that this access control model only applies if the standard access control configuration has not been changed in your Maconomy system. If it has, the access to compensation types may depend on other factors. For further information about the standard access control configuration and access control in a multi-company model, please see the section “Introduction to the Access Control System” in the Set-Up module.
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Access Level Island
| Field | Description |
|---|
| Access Level
|
In these fields, you can specify the name and description of an access level. You only have access to the current compensation type if you have been assigned to the same or a higher level in the window User Access Levels. This means that on, for example, compensation agreement lines, users can only specify compensation types to which they have access and in this window, a given user can only see the compensation types to which he or she has access. In addition, the user must have access to the access level specified for the company specified in the island Company in order to have access to the current compensation type. Please note that this access control model only applies if the standard access control configuration has not been changed in your Maconomy system. If it has, the access to compensation types may depend on other factors. For more information about this, please see the section “Introduction to the Access Control System” in the Set-up module.
If no access level is specified, all users have access to the current compensation type.
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Value Limits Island
| Field | Description |
|---|
| Currency
|
In this field, you can specify the currency in which the amounts in this island are to be specified.
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| Estimated Amount, Currency
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In this field, you can specify the amount which is expected to be negotiated on compensation agreements of the current type. The amount is transferred to the corresponding field on compensation agreement lines where the current compensation type is specified.
Conductors of wage negotiations can use this amount as a guideline to negotiating the right compensation amount.
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| Minimum Amount, Currency
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In this field, you can specify the minimum amount which conductors of wage negotiations are allowed to grant on compensation agreements of the current type. The amount is transferred to the corresponding field on compensation agreements where the current compensation type is specified.
Conductors of wage negotiations can use this amount as a guideline when negotiating the compensation amount.
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| Maximum Amount, Currency
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In this field, you can specify the maximum amount which conductors of wage negotiations are allowed to grant on compensation agreements of the current type. The amount is transferred to the corresponding field on compensation agreement lines where the current compensation type is specified.
Conductors of wage negotiations can use this amount as a guideline when negotiating the compensation amount.
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Calculation Island
| Field | Description |
|---|
| Calculation Type
|
Copy to come.
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| Period, Pro Rata
|
Copy to come.
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| Payout Days
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Copy to come.
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| Use Week Calendar
|
Copy to come.
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| Incl. in Gross Pay Calculation
|
The
Incl. in Gross Pay field is renamed to
Incl. in Gross Pay Calculation.
Select this field to specify if the compensation type should contribute to the gross pay calculation.
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| Incl. in Base Salary Calculation
|
The
Incl. in Base Salary field is renamed to
Incl. in Base Salary Calculation.
Select this field to specify if the compensation type should contribute to the base salary calculation.
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| Incl. Result in Total Base Salary
|
Select this field to specify if the compensation type should contribute to the total base salary result and base salary rate when doing base salary calculations. Note that you can only enable this field if you also enabled the
Incl. in Base Salary Calculation field.
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Amount Island
| Field | Description |
|---|
| Amount 1-5
|
In these fields, you can specify a number of amounts relating to the current compensation type. When a compensation agreement with the current type is created, the amounts specified in this island are also suggested in the corresponding fields on the new agreement. The amounts are for information and reporting purposes only, and have no influence on the values of the compensation agreements of the current type.
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User Island
| Field | Description |
|---|
| Created by
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This field shows the name of the user who initially created the information in the window.
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| Date
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This first Date field shows the date on which the information was originally created.
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| Updated by
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This field shows the name of the user that made the latest change.
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| Date
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This second Date field shows the date on which the information was last changed.
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| Version
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This field shows a number corresponding to the version of the information shown. Maconomy automatically increases the version number by one every time the information is changed. It is not possible to retrieve previous versions.
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