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

Rounding issue with Compensation and Absence Elements

Due to a requirement from the state we're implementing Oracle in, we had to write a custom periodicity fast formula. This formula is attached to all of our elements in the system and is responsible for calculating pay based on "Total Salary/(Days of the year/14)" instead of the delivered "Total Salary/26" (26 pay periods in a year).

This is working as expected except for an issue we're running into with rounding.

Currently, when an employee takes a multi-day absence (8 hours a day), we end up having a day or two that is being paid at 0.01 higher than the others. This is the same issue for compensation elements that are paid on a week-to-week basis (one will be 0.01 higher than the other).

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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