Set Up Calendar-based Premium Pay
Calendar-based premium pay enables you to display holidays on a timesheet. You can also configure these dates to include a rate differential as needed. Example: If your contractors receive time and a half for holidays, you could add New Years Day to the US Holiday calendar and configure the
Calendar Pay Profile
to calculate the pay rate with a Type
of* Rate Differential
and a Rate Differential
of 1.5
. If you only want to display the holiday and not include a rate differential, you would select a
Type
of * Rate Differential
and a Rate Differential
of 1
.- From the header, select .
- From theTimekeepingsection, selectCalendar-based Premium Pay.
- On theCreate Calendarstab, clickAdd New.
- Enter theCalendar Nameand check the box forShow on Timesheetif appropriate.
- ClickAdd New Rowand enter the details.
- ClickSave.
- Select theCalendar Pay Profilestab.
- ClickAdd Newand enter theProfile Name.
- ClickAdd New Row. As you configure the calendar pay profile, consider:
Option Description Holiday ProfileSelect the calendar to assign a rate differential.TypeYou can choose* Rate Differentialor+ Rate Differential. Example: To assign time and a half for holiday pay, you could select* Rate Differentialto indicate the worker's bill rate times the entered rate differential should equal the new pay. Bill Rate times 1.5 equals the new holiday rate.Rate DifferentialEnter the value to be used in the calculation. Example: To assign time and half for holiday pay, you would enter 1.5.If you only want to display the holiday and not include a rate differential, you would select aTypeof* Rate Differentialand aRate Differentialof1. Bill Rate times 1 gives no rate differential. - ClickSave.
- Select theAssign Organizationtab and assign the calendar pay profile to each organization as necessary.This option sets the calendar pay profile as the default and all workers in the organization will have the configured calendar pay profile. The calendar pay profile can be overriden on the work order if necessary.