How to configure a recurring incentive payment based on total eligible hours worked in a pay period
Summary: We have a requirement to configure a recurring incentive payment for employees based on 5% of their hourly rate applied to the total eligible hours worked in a pay period (total hours worked includes regular hours, sick, vacation, holiday and overtime..)
Content (please ensure you mask any confidential information):
Element | Logic Description |
|---|---|
Hourly Rate | Derived from employee's pay details |
Eligible Hours | Sum of Regular, Sick, Holiday, Vacation, OT … |
Incentive Multiplier | Fixed at 5% (0.05) |
Incentive Calculation | Hourly Rate × 0.05 × Total Eligible Hours for the pay period |
Example | For $20/hr and 84 total hours, the payment = $20 × 0.05 × 84 = $84 |
Version (include the version you are using, if applicable):
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