Set up Pay Rule (One Time Payment)
There are 2 types of rules:
- Pay item: normal rule
- One time payment: special rule (lump sum)
This article addresses the configuration of Pay Item; for One time payment, please refer this link: https://b3networks.freshdesk.com/support/solutions/articles/28000011777-how-to-set-up-pay-rule-one-time-payment-
Step 1: Access Pay item
Go to Pay Item tab on the top bar > select [Pay Item] tab in the left sidebar > Click [Create].
Step 2: Set value for the pay rule
Part 1: BASIC
If IS FULL TIME PAY ITEM is selected, the Pay item will not be dependent on Time policy. The employee will receive a fixed amount of payment no matter how much they work in a month/day.
2.1. Name: Name of the rule (it's recommended to choose a well understandable name)
2.2. Time: from which month to which month. If "TO" month is not specified, the rule will be applied forever
2.3. Pay amount is: this is the amount that the employer agrees to pay the employee
- Monthly rated: choose it if the amount is contracted by month (e.g. $1000 per month)
- Daily rated: choose if the amount is decided by day (e.g. $100 per day)
- Hourly rated: choose if the amount is decided by hour (e.g. $10 per hour)
2.4. Pay is calculated by
- Working days
- Working hours
- Default amount OR formula to calculate the pay. Some sample formula
|Pay amount is/ Pay is calculated by||Working days||Working hours (e.g. 8)|
|Monthly rated||= BasicPay / TotalDays||= BasicPay / TotalDays / 8|
|Daily rated||= BasicPay ||= BasicPay / 8|
|Hourly rated||= BasicPay * 8 ||= BasicPay |
Part 2: TIME POLICY
When is IS OVERTIME PAY? applied?
- If the following policy is for OVERTIME settings AND if you want the overtime payment is shown separately in Payslip.
- If one of those 2 criteria is not satisfied, you should not tick this option.
2.5. Time policy
- Selected days of the weeks: can be Mon, Tue or Wed...
- Working days per week: the number of working days in a week
- Working days per month: the number of working days in a month
- Public holidays
- Exceeded working days per week: to calculate overtime
- Exceeded working days per month: to calculate overtime
- Fixed daily timing: specific time range in a day (e.f. from 9 am to 6 pm)
- Working hours per day: the number of working hours in a day
- Exceeded workings hours per day: to calculate overtime