Overview
How to Calculate Diluted Pay Rates.
Step 1 - To establish a pay rate for a salaried employee (Human Resources / Employees / Job Titles Tab), the average pay rate (usually the annual salary divided by 2080 hours) is used.
Step 2 - In the Diluted Pay Rates applet, click Calculate Diluted Rates (located on the toolbar). Choose All Employees (or a specific employee) and a Date Range. Click Calculate. This will automatically calculate the diluted pay rate for the time period.
Step 3 - To see or override the rates for an individual employee, go to the Diluted Pay Rates applet. Select the employee, choose the date range, and click Get Rates.
