Steps: Set Up Overtime Payments for Flat Sum Bonuses (USA)
You can configure Workday to process flat sum bonuses according to tax authority
regulations.
- Edit your regular hourly earning to support a flat sum bonus.Access theEdit Earningtask. Add theFlat Sum Bonus Regular Hours [USA]pay component group to theGroupscolumn for theHoursrow in theRelated Calculationsgrid.Do this for all regular earnings.
- Create a flat sum bonus earning by itself or combine it with your existing FLSA bonus earning.
- Identify exceptions for processing the flat sum bonus earning.
- Edit overtime earnings to include a flat sum bonus.These examples illustrate how to update your FLSA overtime earnings to include flat sum bonus overtime premium impact:
- Access theMaintain Payroll Payslip Configurationtask.On theSectionstab, select your flat sum bonus overtime premium rate calculation from theRelated Calculation(s) 2prompt.Access thePrintingtab and select theBreakout FLSA Earnings by Workweek on Payslipcheck box.Security:Set Up: Payroll (Reporting)domain in the Core Payroll functional area.
- Access theEdit One-Time Payment Plantask.Select anEffective Datethat is today or in the future.Select theEnable Coverage Datescheck box.Security:Set Up: Compensation Elementsdomain in the Core Compensation functional area.
- Review flat sum bonus payroll results and calculation details.
Workday supports flat sum bonus overtime premium calculations when you:
- Report time daily.
- Report time as an aggregate number of hours for a period that aligns with an FLSA workweek.
- Enter coverage dates when paying a flat sum bonus.