Set Up Premiums
Sparkrock 365 includes the capability to schedule premiums. Typically, a premium is paid when an employee works in a certain location, performs work during a specific time period, or performs specific duties. For example, an employee may have a wage of $25.00 per hour and be paid a premium of $2.00 per hour for a specific activity. When the employee is being paid for performing that activity, the employee receives their regular wage of $25.00 per hour, plus the extra $2.00 per hour premium, for a total of $27.00 per hour.
In Sparkrock 365, a user can set up a schedule unit activity to have an HR pay code with a premium pay rate. When the activity is added to a shift, the premium HR pay code and premium pay rate are transferred to the shift for audit purposes. When the scheduling entries lines are loaded into the compensation journal, new lines are created for the premium. The number of hours on the premium lines are the same as the number of hours on the respective activity.
To set up a premium rate
Choose
, enter schedule unit activities, and then choose the related link.The Schedule Unit Activities page opens.
In the row of the schedule unit activity for which you want to set up a premium, perform the following steps:
- In Premium HR Pay Code, specifies the code that represents the HR pay code for which a premium is to be applied.
- In Premium Pay Rate, specify the rate that is to be applied for a premium.
See also
Compensation Journal
Set Up Scheduling
Set Up Employee Scheduling
Schedule Setup
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