SMP 90% Pay Is Incorrect
(Doc ID 2366386.1)
Last updated on APRIL 17, 2019
Applies to:Oracle Fusion Global Payroll Cloud Service - Version 22.214.171.124.0 and later
Information in this document applies to any platform.
On : 126.96.36.199.0 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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