Defining wage rates for employees

Define wage rates for employees to establish a specific hourly pay rate for an employee. Rates for employees can be defined based on the employee’s level of experience, training, etc. Therefore, employees belonging to a designated trade can have different pay rates than other employees belonging to the same trade.

Note: You must designate a Trade for an employee when you define the employee code. See Defining Employee Codes.

When scheduling work, you can select to assign the work to an employee and/or a trade. When booking hours for the work, the system calculates the labor cost of the appropriate work order, asset, or project based on the hourly pay rate defined for the employee or the trade. Therefore, when booking hours, the labor cost for performing work can be based on the rate defined for either the employee or the trade.

To define wage rates for employees:

  1. Open the Employees form.
  2. Select the employee for whom to define wage rates, and then click the Rates tab.
  3. Click Add Rate.
  4. Organization—Enter the organization to which the rate belongs if you use multi-organization security.
    The system automatically populates Currency with the currency of the organization.
  5. Type of Hours—Enter the occupation type for this work, e.g., enter N for normal hours or O for overtime hours. The values listed belong to the OCTP entity.
  6. Department—Enter the department associated with this rate. If the rate applies to all departments, enter *.
  7. Hourly Rate—Enter the hourly rate for this employee.
  8. Start Date—Enter the beginning date to which the rate applies.
    Note: Dates for the same type of hours/department/organization combination cannot overlap. For example, the MAINT department of ORG1 cannot have an Hourly Rate of 20 for overtime Type of Hours to start 01-01-2004 and end 12-31-2004 and another Hourly Rate of 30 for the overtime Type of Hours to start 05-01-2003.
  9. End Date—Enter the ending date to which the rate applies.
    Note: End Datemust be later than or equal to Start Date.
  10. Click Submit.
    Note: To delete a rate, select the rate to delete, and then click Delete Rate.