Calculation of Group Agreements with Hourly Pay Periods
For cases in which the time unit of group agreements is measured in hours, overlap is measured similar to group agreements with a daily time unit.
In cases where there is no overlap between the effective periods between the two agreements, the result is zero.
Overlap = F(D 2 (E 12 )) / F(D 2 (E 2 ))
where
- F = Number of Fixed Working hours for the payout days in the given period.
- D2 = Days of payout in the given period, using the payout days of the group agreement.
- E1 = Effective Period of the percent agreement.
- E2 = Effective Period of the group agreement.
- E12 = Effective Period overlap between the percent agreement and the group agreement.
- If there is no overlap between the effective periods of the two agreements, the result is zero.
Parent Topic: Bi-Weekly Payroll Calculation Support