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.
For more information, please refer to this announcement explaining best practices for getting answers to questions.
How do you address pay changes mid pay period for salaried employees?
Summary
If an employee receives a mid pay period pay change and are salaried/semi-monthly, payroll calculation results in reduced payContent
When we implemented an integrated HR/Payroll solution, we thought we could lift the requirement that pay change effective dates for our salaried/semi-monthly employees be the first of a pay period (1st or 16th of the month). We discovered that the system is not able to accommodate this scenario without shorting the employee. Here's how:
- Semi-monthly pay rates are calculated by taking the annual salary and dividing by 24 pay periods.
- Example: 100,000 annual rate / 24 = 4166.67 per pay period.
- Semi-monthly hours on which that pay rate is based are calculated by taking hours worked in a calendar year and dividing by pay periods.
Tagged:
0