Calculate Diluted Rates Pop-up Human Resources>Diluted Pay Rates

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Overview

The Calculate Diluted Rates Pop-up utility is how you calculate diluted rates.

 


 

Field Descriptions

Employees

All - When selected, all employees that meet the filter criteria will be included in the calculation.
Selected - When selected, the specified employees that meet the filter criteria will be included in the calculation.

 

Miscellaneous

Pay Group - When selected, all employees assigned to a specific Pay Group (Employees>Employee Information Tab) will be selected when running the Labor Distribution Utility. Payroll Groups are managed through Administration>List Management>Payroll Groups
Start Date - The start date of the pay period to which diluted pay rates should be applied.
End Date - The end date of the pay period to which diluted pay rates should be applied.
Calculate button - Applies and displays the diluted pay rate for the date range selected.

 

Steps to Calculating Diluted Rates

How to Calculate Diluted Pay Rates.


Step 1 - To establish a pay rate for a salaried employee (Employees>Pay History 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.