SMP 90% Pay Is Incorrect
Last updated on FEBRUARY 27, 2018
Applies to:Oracle Fusion Global Payroll Cloud Service - Version 188.8.131.52.0 and later
Information in this document applies to any platform.
On : 184.108.40.206.0 version, UK - United Kingdom Legislation
The 90% pay for SMP is incorrectly calculated for daily rates.
The employee has an average monthly earnings of 844.15, which equates to a weekly value of 194.90. Both of these values are correct for average earnings using Jan and Feb pay runs to calculate the value.
However, the seeded rate convertor does not calculate the correct daily rate to use in the pay run when at 90% pay.
844.15 (Monthly average earnings) * 12 (months in the year) / 365 (days in the year) = 27.75 * 90% = 24.98 (rounded up)
194.90 (Weekly average earnings) / 7 (days in a week) = 27.84 * 90% = 25.05 daily rate
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