Cost and Pay Labor Tables
Use cost/pay labor tables to set up labor rates to override the cost and/or pay labor rates entered for employees in the Employees hub.
Labor cost rates are used to calculate project's labor costs when timesheets are processed. Labor pay rates are used to calculate an employee's pay when payroll is processed.
You can set up cost/pay labor tables based on labor rates, labor categories, or labor codes. You can assign cost/pay labor tables to projects, employees, or both. For example, you can assign a cost/pay labor table to a project in the Projects hub when a project drives the cost and/or pay rates for the employees who work on the project. The labor rates in the cost/pay labor table assigned to the project will override the cost/pay labor rates entered directly for employees in the Employees hub when Vantagepoint calculates project costs and employee pay for timesheet and payroll processing.
You can also specify an effective date for labor cost and pay rates, which allows you to specify when a rate takes effect. For more information, see Effective Dates for Cost and Pay Rates, Cost Rates Hierarchy, and Pay Rates Hierarchy.
- Related Topics:
- Cost/Pay Labor Rate Tables
Use a cost/pay labor rate table to set up labor rates to override the cost and/or pay labor rates entered for employees in the Employees hub. - Cost/Pay Labor Category Tables
Use the Cost/Pay Labor Category Tables form to set up rates to override the cost and/or pay rate entered for the labor category that is associated with the hours on an employee’s timesheet. - Cost/Pay Labor Code Tables
Use the Cost/Pay Labor Code Tables form to set up rates to override cost and/or pay rates for the labor code that is associated with the hours on an employee’s timesheet. - Learn More About...
Review the checklist for setting up effective dates and information about cost and pay rate table reports.