To better understand how certain pay types work, here is a list of the formulas underlying the calculations for common pay types.
(Basic Salary x 12 months) / (52 weeks x working hours per week)
The working hours per week is based on what is set under Work Week.
You have the option of using either of these formulas:
(Basic Salary x 12 months) / (No. of working days per week x 52 weeks) x No. of entitled leave days
(Gross Rate x 12 months) / (No. of working days per week x 52 weeks) x No. of entitled leave days
Days: Daily Gross Rate = (Gross Rate / No. of working days in month) x No. of unpaid days
Hours: Hourly Gross Rate = (Daily Gross Rate / Average working hours per day (for a week)) x No. of unpaid hours
Minutes: Hourly Gross Rate / 60 minutes x No. of unpaid minutes
What is Gross Rate?
You may choose to add other pay types on top of the Basic Salary to be included in calculations. This makes up the Gross Rate.
Gross Rate = Basic Salary + Any Additional Pay Types that are "in gross rate"