Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register
Get Started with Redwood for Oracle Cloud HCM   Begin Now
To ensure that questions get required attention from community members and are NOT left unanswered, it’s important for the author to indicate (by selecting “Yes” or “No” when prompted) whether the question was answered. (newly added) Please note that it is also important to respond to EACH comment your question receives. Your Yes or No response ensures an accurate status for your question.

For more information, please refer to this announcement explaining best practices for getting answers to questions.

SMP Daily deduction value calculating at incorrect value (one third more than it should be)

Content

Hello,

We are using the seeded SMP formulas in the UK... for many employees this works fine, for one, their daily deduction is calculated incorrectly.

 

The formula should be:

Annual Salary / 12 / numebr of calendar days within the month.

 

Expected behviour

30000 / 12 / 30 days in September = £83.33

 

Actual behaviour = £125

Workaround (we've reduced the salary to 20000

20000 / 12 / 30 days in September = £83.33 (but of course it is not right to have to do this)

 

As mentioned, it works fine for other employees, all employees are full time (1 FTE) so we don't understand this,

SR raised, but if anyone else has come across this or help in anyway it will be much appreciated,

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!