This section describes the fields and actions on the Compensation Model tab of the Compensation Models workspace.
Compensation Model Island
Field | Description |
Currency
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Specify the default currency for new compensation types added to the model. This field can be left blank.
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Pay Period
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Select the default pay period for new compensation types added to the model. This field can be left blank.
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Exchange Rate Table
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Specify the exchange rate table to use in the compensation model. If you do not specify an exchange rate table, Maconomy automatically uses the company specific enterprise exchange rate table.
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Base Salary Method
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Specify the calculation method to use for calculating base salary with the calculation pay period specified for the calculation, and an effective period for each agreement.
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Pay Period Calendar
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This field shows the pay period calendar to use for calculating gross pay. Note that you cannot change the calendar once a gross pay calculation has been calculated for the compensation model.
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Weekend Island
Field | Description |
Monday to Sunday
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Select the check box to specify the days of the week that are weekend days and not regular working days.
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Posting Island
Field | Description |
Posting Reference, Offset
|
Enter the name of the posting reference to use for posting gross pay and base salary rate results.
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Posting Description, Offset
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Enter a description of the posting reference.
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Transaction Type
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Select the transaction type to use for posting gross pay and base salary rate calculations.
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Option List Fields Island
Field | Description |
Option List 1-10
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Specify the default choice of option lists on compensation types added to the model.
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Access Level Island
Field | Description |
Access Level
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Enter the name of the access level required to access the compensation model.
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