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Offer Letter Salary - Rounding Issues. Can offer letter salary amounts be automatically rounded to a

edited Jul 19, 2019 6:12PM in Recruiting, Opportunity Marketplace 4 comments

Summary

Can offer letter salary amounts be automatically rounded to amounts payable per pay frequency?

Content

A common issue is the offer letter salary is a value that does not divide evenly into the pay frequency.  For example, an offered salary of $120,000.00 to a candidate from a company with a biweekly payroll.  That would result in  $120K/26 = 4,615.38462 per pay period.   So the actually salary ends up having to be rounded up or down in Oracle HCM and/or at the payroll vendor to what can actually be paid out.  In this case, the nearest round up is $120,000.14 which is 4615.39 per pay period.   Leaving the original 120K offer in the recruiting system or

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