Step 4. Set Up Permanent Rates, Factors, and/or Earnings (Optional)
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What is a Permanent Rate, Factor, or Earning? |
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Permanent Rates, Factors, and Earnings are permanent values that are applied to individual employees.
All your Rates, Factors, and Earnings descriptions should already be displayed in Powerpay. All you have to do is enter values for them. If you need additional Rate, Factor, and/or Earnings descriptions, contact your Ceridian Customer Care Representative who will create a new field for you to use.
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| Whenever the Permanent Rate description is selected from the Timesheet screen and a value is entered for that hours type, the value will be multiplied by the Rate indicated on this screen instead of the employee's regular hourly rate of pay. |
Whenever the Permanent Factor description is selected from the Timesheet screen and a value is entered for that hours type, the value will be multiplied by the Factor indicated on this screen and then multiplied by the employee's regular rate. |
The amounts indicated as Permanent Earnings will automatically be paid out to the employee on every pay period (just as salaried employees receive their regular salary each pay period). |
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Why do I have to do this? |
When you set up your company level data, you may have set up default Rate and/or Factor values to appear on every employee's timesheet. However, you may have other hours types where the rate or factor varies from employee to employee. These employee-specific values are entered on this screen.
The Permanent Earnings section cannot be set to a company-wide default. You must enter a value for each employee receiving permanent earnings here.
This is important! The regular hourly rate or per pay salary for an employee is not entered on this screen. It was already entered on the Hire/Profile screen in Step 2.
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