Last updated on JUNE 22, 2017
Applies to:Oracle Fusion Global Payroll Cloud Service - Version 184.108.40.206.0 and later
Oracle Fusion Global Payroll - Version 220.127.116.11.0 and later
Information in this document applies to any platform.
12 weeks gross average pay requirement
Requirement is to calculate 12 weeks gross average weekly rate for processing holiday, Statutory Redundancy Pay and Additional Service Pay.
Holiday hourly rate = Highest (Immediate last 12 weeks gross average weekly rate before the holiday, contractual weekly rate)/contractual hours
Statutory Redundancy pay weekly rate = Highest (12 weeks gross average weekly rate before the termination notification date, contractual weekly rate)
Additional Service Pay weekly rate = Highest (12 weeks gross average weekly rate before the termination notification date, contractual weekly rate)
Employees get paid for every 4 weeks (Lunar period). If the holiday is booked in For example if the holiday is booked in week 2 in the current period (P4) then 12 weeks average should be calculated based on earnings in week 2, 3, 4 in P1, all 4 weeks P2, all 4 weeks in P3 and week 1 in P4. If the earnings are changes retrospectively in the 12 weeks then average 12 weeks rate should be changed. It means we would need an ability to apply the retrospective change to the source week earnings.
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