EPY: Bi-Weekly Employees Compensation Reduced Due to 27 Payroll Periods
(Doc ID 607783.1)
Last updated on APRIL 11, 2024
Applies to:
PeopleSoft Enterprise HCM Payroll for North America - Version 8.8 SP1 and laterInformation in this document applies to any platform.
SPECIFIC TO: Enterprise, North America, All Releases
This document was previously published as Customer Connection Solution 45478
Symptoms
This year has Pay Calendars for 27 payrolls instead of the usual 26 for Bi-weekly employees. This poses a problem with employee pay. Most of our employees are salaried but are paid Bi-weekly. They are setup in Peoplesoft with a compensation frequency of "Annual". If we have 27 pay periods, the biweekly rate (pay) for all employees will be reduced. This probably will not go over well and is not the desired solution. Do we have to change all employees to biweekly comp frequency to force PS to pay the correct biweekly figures/amounts?
Same issue applies to weekly payroll processing because some years will have 53 weeks instead of 52.
Cause
To view full details, sign in with your My Oracle Support account. |
|
Don't have a My Oracle Support account? Click to get started! |
In this Document
| Symptoms |
| Cause |
| Solution |
| References |