What_is_a_rate_change_

What is a rate change?

For example, the city authorizes a 5% pay increase for all hourly employees. Jane uses this option to increase the hourly rate by 5%. For example, if an employee earns $10.00 per hour, then this routine will calculate 10 x 0.05 = 0.50. Next, the routine adds the current hourly rate to the calculated amount, like this 0.50 + 10.00 = 10.50. Now, the new hourly rate for the current employee is 10.50.  

What is the rate change?

  • I want to increase the rate. Use the Rate Change field to enter a percent. Do not key the decimal. Example: 10

  • I want to decrease the rate. Use the Rate Change field to enter a percent, then enter the minus ( - ) sign. Do not key the decimal. Example: 10-

 

 

Copyright © 2025 Caselle, Incorporated. All rights reserved.

    • Related Articles

    • How do I calculate a rate change?

      Increase or decrease a pay code or hourly rate by a percentage. A rate is a charge, payment, or price fixed according to a ratio, scale, or standard. When the ratio, scale, or standard changes, run Calculate Rate Changes to increase or decrease a pay ...

    • How do I apply a rate change to an hourly rate?

      Change the hourly rate on a pay code. A rate is a charge, payment, or price fixed according to a ratio, scale, or standard. When the ratio, scale, or standard changes, run Calculate Rate Changes to increase or decrease an hourly rate by a percentage. ...

    • How do I apply a rate change to a pay code?

      Increase or decrease a pay code by a percentage. A rate is a charge, payment, or price fixed according to a ratio, scale, or standard. When the ratio, scale, or standard changes, run Calculate Rate Changes to increase or decrease a pay code by a ...

    • How do I change an hourly rate?

      Update the amount an employee makes per hour. The hourly rate is linked to the position that is assigned to the employee. You can change the hourly rate by changing the pay schedule, pay grade, or pay step. You can also change the hourly rate by ...

    • How do I change a rate with related billing records?

      You cannot make changes to a rate that has been used by a service to create billing records because it may use the updated rate to change existing billing records. If you want to change the service on an existing rate, you need to stop Connect from ...