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Annualization factor on GSP and Salary Basis

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in Human Resources 4 comments

Summary:

Annualization factor on GSP and Salary Basis

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Hi,

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

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

Now when we Hire , Change Assignment employee (using responsive pages which have salary section), system is not calculating salary correctly.

For example if Grade Rate defined in Ladder for Grade A / Step 1 is 1000 USD, when we assign this grade A / Step 1 to Employee while Hire / Change Assignment then should system show amount as 923.07 [1000*12/13] USD?

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

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