Automatic Calculation Of Hourly Rate Based On The Annual Salary Rate Entered By HR
(Doc ID 2693132.1)
Last updated on OCTOBER 01, 2020
Applies to:Oracle Fusion Workforce Compensation Cloud Service - Version 11.13.20.01.0 and later
Information in this document applies to any platform.
On : 11.13.20.01.0 version, .Manage Compensation
Automatic calculation of hourly rate based on the annual salary rate entered by HR
Could you please check on the feasibility for the below requirement?
Requirement to capture employee’s annual rate in Fusion.
But they also want to have hourly rate automatically calculated based on the annual rate and their working hours.
Annual amount = 100,000 (manual input)
Hourly amount = 100,000 / 52 weeks / 37.5 hours = 51.28205 (auto calculated)
We're using salary rate feature.
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