Step 8.0. Configure Daily Rate
Essentially, Daily Rate is the same as Overtime, except that Daily Rate is measured in terms of number of days, and Overtime is measured in terms of number of hours.
The set up process is same as for Overtime Setup, hence you can refer to the guide of setting of Overtime here to set up your Daily Rate.
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5.5 Daily Rate Setting
Location: Payroll -> Daily Rate Setting -> Daily Rate Description Setting The daily rate is the pay element paid by the day rate. For e.g: Annual Leave Encashment, Overtime per day instead of hours and etc. You are able to define the daily rate ...
Step 6.0. Configure Overtime /Deduction Rate/Daily Rate Policy
Setting up Company Policy is important to ensure you have accurately translate the Policy into the form that system understand and execute for you. Key steps for setting up OT Policy: 6.1. Creating Overtime/Deduction Rate/Daily Rate Description 6.2. ...
Step 9.0. Configure Deduction Rate
In general, Deduction Rate is same as Overtime, just that it is in negative. Hence it is a form of Deduction instead of an income like Overtime. Typically, employer will need to set up Deduction Rate if there are rules stated that Employee will be ...
Step 6.1. Create Overtime/Deduction Rate/Daily Rate Description
Note: Please be informed this article also refers to the step on how to create Deduction Rate and Daily Rate Description. You will just need to replace the Overtime keyword in the steps to Deduction Rate/Daily Rate if you are creating Deduction ...
Step 6.5. Create Overtime/Deduction Rate/Daily Rate Group
Note: Please be informed this article also refers to the step on how to create Deduction Rate and Daily Rate Group. You will just need to replace the Overtime keyword in the steps to Deduction Rate/Daily Rate if you are creating Deduction Rate/Daily ...