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Absences are not processing in payroll - Periodicity is Defaulted

Summary:

We have an issue that none of the Absences are processing in payroll.

Content (please ensure you mask any confidential information):

Error :

Formula ANNUALIZED RATE CONVERSION, line 173, no data returned. (3=STD_ANNUALIZED_RATE_CONVERTER)

As per our initial analysis, In_periodicity value UNKNOWN which might be cause of the issue. Please refer the below log. Please advise how to resolve this.

Version (include the version you are using, if applicable):

23C

Code Snippet (add any code snippets that support your topic, if applicable):

[ORA_PERIOD_WORK_SCHED_RATE] Periodic Type : CALENDAR MONTH

[ORA_PERIOD_WORK_SCHED_RATE] Element entry level PA

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