Your UX is waiting ...interact, engage, explore in Las Vegas at CloudWorld 2023

Learn more
Annualization factor on GSP and Salary Basis — Cloud Customer Connect
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

Annualization factor on GSP and Salary Basis

Received Response
13
Views
1
Comments
edited Apr 19, 2022 11:13AM in Compensation 1 comment

Summary:

Annualization factor on Grade and Salary Basis

Content (required):

We have Grade Ladder defined with Grade and Grade Steps with Annualization factor = 12.

We have a Salary Basis defined with Annualization factor = 13.

Now when we Hire , Promote employee (using responsive pages which have salary section), would system automatically take care of Annualization Factor conversion?

For example if Grade Rate defined in Ladder for Grade A is 1000 USD, when we assign this grade A to Employee while Hire / Promote then should system show amount as 923.07 [1000*12/13] USD?

We observed that system is showing USD amount on Hire / Promotion Page as per Annualization Factor 12 (USD 1000) and not 13 (USD 923.07).

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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