Restrict Compensation Types

You can restrict compensation types to the ones that are relevant to your company.

Additionally, when setting up compensation agreements for an employee, you can further restrict compensation types to those in the company relevant to the employee.

You can also set up agreements as percentages of the sum of a selection of other agreements. Previously, you could only set up an agreement as a percentage of a “parent agreement.”

Additionally, you can set up central control of agreement types meaning that all agreements of the given type cannot be edited at the employee level but are controlled from the agreement type. For example, if an agreement type is a percentage of salary then you can adjust this percentage in one location, directly updating all compensation agreements of the given type.

You can specify:

• In set up, certain agreements are selected by default on new employees.
• A given compensation type applies only to certain employees.
• A compensation type/agreement only applies if a certain percentage of the sum of certain agreements falls within a certain range.

You can calculate gross pay and base salary rates for a selection of employee and a given payment period. In both cases, the result is captured in data sets which reflect the applied compensation agreements and the calculated amounts. You can then inspect and import to these salary data, and retain it as a complete log. Import the calculated gross pay into salary systems, and use the calculated base salary rates to update the base salary rates as specified on employees, which are applied in price calculations for time registrations.