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Salary Compensantions

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Formula for Compensation under Collective Agreement

000001.gifFor general information on testing formulas see chapter Building and Testing Formulas.

 

Formula for Compensation under Individual Agreement

In case employees compensations under the individual agreement is calculated differently by those under collective agreement, we enter here different formula. If not, than we have it here the same as for the collective agreement.

Maximum Salary

In the Maximum Salary field you enter the formula to calculate the gross salary. According to the law the salary cannot be higher than the amount of the compensation. In accordance with Article 31 of the Health Care and Health Insurance Act the compensation cannot exceed the amount of the gross salary an employee would receive for his or her work. In this field you enter the formula according to which the program will calculate the salary an employee would receive for his or her work.
The program will use the formula if you have selected in the earnings types settings the C - Compensation with limited basis (less than or equal to base) option in the Compensation/Compensation Basis field.

Guaranteed Salary

In the Guaranteed Salary field you enter the formula to calculate the gross salary. According to the law the compensation cannot be less than the salary. Po 31. In accordance with Article 31 of the Health Care and Health Insurance Act the compensation cannot be less than the guaranteed minimum salary. In this field you enter the formula according to which the program will calculate the guaranteed minimum salary of the employee.
If you determine the formula, the program will use it in the calculation of payroll compensation regardless to other settings.

 

 

 

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