Pay Rate Tables and Payroll

In the Payroll application, you can set up tables that include override payroll rates for time charged to a project. Each override rate in a given table has an associated effective date.

Vantagepoint compares the effective date with the transaction date of time charged to a project to determine the correct rate to use when calculating employee pay.

Pay rate tables may be helpful if your enterprise needs to establish different sets of pay rates for different types of projects, such as projects located in or out of state. Pay rate tables are also helpful if your enterprise needs to increase an employee's pay based on the date, perhaps to meet government mandated prevailing wage laws. View the list at the bottom of this topic for more examples of when to use pay rate tables.

Pay rate tables are project-specific or employee-specific:

  • You associate the tables with projects on the Time & Expense tab of the Projects hub.
  • You associate an employee record directly with a pay rate table on the Time & Expense tab of the Employees hub. (An employee can be indirectly associated with a pay rate via a pay rate table established in the Projects hub, if the employee is charging time to that particular project.)

When a payroll run includes time charged to a particular project, Vantagepoint uses the correct pay rate for each employee based on pay rate hierarchy. In this way, Vantagepoint calculates the correct pay for each employee.

Enable Pay Rate Tables

To use pay rate tables, your enterprise must first enable the Effective Dates for Payroll rates feature.

Using Pay Rate Tables to Override a Default Pay Rate

You may want to use pay rate tables in the following cases:

  • If employees receive hazard pay for some of their work.
  • If employees work on government contracts that must meet prevailing wage requirements.
  • If employees receive higher compensation for jobs performed out of state.
  • To store a history of pay rates.