FLSA Wages for Lump Sum Bonus by Performance Period
Hi everyone,
Would any of you know if there is a functionality in JDE that would allow users to define a performance period when a bonus that is paid in current period? And then have OT rules (re)calculate FLSA Wages and any OT adjustments for that period.
For example:
- Bonus earning period is 9/1-12/31 in Year 1.
- Then, in March of Year 2, employee receives $2,000 non-discretionary bonus.
- This amount should be applied over the Year 1 9/1-12/31 period earnings to recalculate any OT adjustments, and then pay the adjustment in the current period (March Year 2).
Any and all ideas are welcome and appreciated!