Queries on Periodicity in element with Rate value
SummaryQueries on Periodicity in element with Rate value
We have an element setup with
1. Calculation Rule - Hours*Rate
2. default periodicity - Weekly
3. Periodicity Conversion rule - Standard Rate Annualized
When we enter only Hours and Rate input value, system divides the Rate by 40 and then calculates the pay value. As per my understanding, system should divide the amount if entered and not rate value.
Please help to understand if this understanding is correct ?