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 code or hourly rate by a percentage.
Note: If the employee is tied to a pay schedule, you must modify the pay schedule, not the hourly rate, to adjust the pay rate.
1. Open Connect Payroll > Employees > Calculate Rate Changes.
2. What do you want to do?
I want to change the hourly rate. Click to select Hourly Rate. Fill in the Rate Change.
I want to change a pay code. Click to select Pay Codes. Use the Pay Codes field to select the pay code to update.
The rate change is calculated.
If you are updating a pay code, complete this section. A pay code is an account in payroll that records hours worked for an activity.
What do you want to do?
I want to add pay codes to the Pay Codes list. Click Select. This field will only be available if the Update method is Pay Codes. Now, move the pay codes to the Selected Pay Codes list. Click OK.
I want to remove pay codes from the Pay Codes list. Click Select. Now, move the pay codes to the Available Pay Codes list. Click OK.
Use Print Report Only to print a report that will show you the transactions that will be created by this routine without actually creating any transactions.
Do you want to update transactions or print a report?
I want to print a report. Select the Print Report Only checkbox. The routine will print the transactions that will be updated as a report. This option will not update any transactions. It's a good option to use to make sure the transactions that will be posted are correct.
I want to update transactions. Leave blank the Print Report Only checkbox. The routine will create and save transactions.
The rate change is the percent to increase or decrease the current rate. 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.
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