Compensation Determination Code ‘First of Year’ Does Not Work For Employees Hired Mid Year with Hourly salary basis
Last updated on JUNE 22, 2017
Applies to:Oracle Fusion Benefits Cloud Service - Version 184.108.40.206.0 and later
Information in this document applies to any platform.
On : 220.127.116.11.0 version, Manage Benefits
Salary is not being used to properly calculate basic life, basic AD&D and LTD coverage and premium.
The configuration of coverage calculation uses Compensation Derived factor to fetch the salary of the employee.
1. The compensation determination code ‘First of Year’ does not work for employees with Hourly salary basis, which is the issue.
2. The compensation determination code ‘First of Year’ works for employees with Annual salary basis. This works without any issue.
3. The compensation determination code ‘As of Event Date’ works for employees with Hourly salary basis. This works without any issue.
Considering the fact that #2 and #3 above works fine, #1 too is expected to work correctly.
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