Gross Pay for Compensation Agreements with Hour-based Time Units

Maconomy calculates compensation agreements using hourly time units in a similar fashion to day-based time units.

Gross pay of agreements with a day-based time unit uses the “Payout Days” field to specify which days of the week the agreement pays out in order to compute the gross pay amount.

To find the number of working hours for an employee in the calculation period, Maconomy uses the fixed working time field. This specifies the fixed working hours for each day of the week.

The gross pay for compensation agreements with hourly time unit and of calculation type amount is calculated using the following method:

A / H * F(D(E))

where

• H = Number of whole hours in the pay period of the compensation agreement.
• F = Number of Fixed Working hours in the given period.
• A = Amount on the compensation agreement.
• E = Effective period.
• D = Days with payout in the given period.

Note: A / H is the hourly amount of the agreement, and that F(D(E)) denotes the fixed working hours for the days with pay out (D) in the effective period (E).

Gross Pay Example

You are employed starting Monday, January 9 (2017) and the calculation period is January 1: January 31. We then have that E = January 9–31. Suppose that the agreement is €20 per hour and your fixed working time is 8 hours Monday–Saturday. The result for each of the different Payout Day options are as follows:

Option	Calculation	Result
Calendar working days	€20 / 1 * 8 hours * 20 days	= €3200
Week working days	€20 / 1 * 8 hours * 17 days	= €2720
Weekend working days	€20 / 1 * 8 hours * 3 days	= €480