This section includes the fields and descriptions for the Compensation Model tab.
Compensation Model Island
| Field | Description |
|---|
| Name
|
This field shows the name of the compensation model.
|
| Description
|
Enter a description of the compensation model.
|
| Currency
|
Specify the default currency for new compensation types added to the model. This field can be left blank.
|
| Pay Period
|
Select the default pay period for new compensation types added to the model. This field can be left blank.
|
| Pay Period Calendar
|
This field shows the pay period calendar to use for calculating gross pay. Note that you cannot change the calendar once a gross pay calculation has been calculated for the compensation model.
|
| Exchange Rate Table
|
Specify the exchange rate table to use in the compensation model. If you do not specify an exchange rate table, Maconomy automatically uses the company specific enterprise exchange rate table.
|
| Base Salary Method
|
Specify the calculation method to use for calculating base salary with the calculation pay period specified for the calculation, and an effective period for each agreement.
|
Posting Island
| Field | Description |
|---|
| Posting Reference, Offset Name
|
Enter the name of the posting reference to use for posting gross pay and base salary rate results.
|
| Posting Reference, Offset Number
|
Enter the number of the posting reference to use for posting gross pay and base salary rate results.
|
| Posting Description, Offset
|
Enter a description of the posting reference.
|
| Transaction Type
|
Select the transaction type to use for posting gross pay and base salary rate calculations.
|
Option List Fields Island
| Field | Description |
|---|
| Option List 1-10
|
Specify the default choice of option lists on compensation types added to the model.
|
| Option Value 1-10
|
Specify the default choice of option list values on compensation types added to the model.
|
Weekend Days Island
| Field | Description |
|---|
| Monday to Sunday
|
Select the check box to specify the days of the week that are weekend days and not regular working days.
|
Access Level Island
| Field | Description |
|---|
| Access Level Name
|
Enter the name of the access level required to access the compensation model.
|
| Access Level Description
|
Enter the description of the access level required to access the compensation model.
|
User Island
| Field | Description |
|---|
| Created
|
This field shows the date and name of the user who created the compensation model.
|
| Changed
|
This field shows the date and name of the user who recently made changes to the compensation model.
|
| Version
|
This field shows the latest version number of the compensation model. The number is incremented by one each time a change is made to the compensation model.
|