Pro Rata Methods
Pro rata methods are designed to handle pay when compensations or employment does not cover the entire calculation period. For example, the pro rata method is used when an employee leaves the job in the middle of the calculation period
This method scales down pay accordingly to effective period, as follows:
- Gross Pay Calculation: Uses the method specified on the compensation type / agreement.
- Base Salary Calculation: Uses the method specified on compensation model.
Calculation Period | Pro Rata Method Details |
---|---|
None | The full amount of the agreement without adjusting for effective time. |
Period, Fixed Time | Amount adjusted according to effective working hours in the calculation period. |
Period, Calendar Days | Amount adjusted according to effective calendar days in the calculation period. |
Period, Week Days | Amount adjusted according to effective week days in the calculation period. |
Period, Working Days | Amount adjusted according to effective working days in the calculation period. |
Day, Calendar Days | Amount adjusted according to effective calendar days in the average month. |
Day, Week Days | Amount adjusted according to effective week days in the average month. |
Day, Working Days | Amount adjusted according to the effective working days in the average month. |
Parent Topic: Compensation Types