Base Salary Rates

You can now calculate base salary rates in batch for all employees within a target group for a given date range, the payment period.

Base salary is calculated in the same was as gross pay described above. The calculation includes only employees whose period of employment overlaps with the pay period. The calculation of base salary disregards period of employment.

Tip: You can specify which agreements to include in the base salary rate independently from gross pay. The result of the calculation of base salary are stored separately from the gross pay amount. The base salary rate is found as base salary divided by the fixed working time as specified on the employee.

With the current limitations the amounts on compensation agreements are specified for pay periods in months. Base salary rate is calculated as yearly base salary (monthly amount times 12) divided by the yearly fixed working time, which will be calculated as 52 times the weekly fixed working time as specified on the employee.