Base Rate - Amount Change

This action type supports merit, COLA, or other increases to the base rate expressed as an amount in addition to the current pay rate. It is included in the salary calculation and updates the current pay rate. This action type is spread across the budget year. This action tracks the change in salary.

When this action is applied, an amount must be specified. You can specify a positive or negative number.

End dates are not allowed.

Example

Assuming an even monthly spread method (Period's Spread Factor/Total Spread Factors) = 1/12

Salary increase= $1,200
Base FTE = 1
Hourly Rate increase = $1.20
Base Hours = 40
Pay Periods = 52

This is the calculation rule for a salaried position:

Amount * Base FTE * (Period's Spread Factor / Total Spread Factors)

$1,200 * 1 * (1/12) = $100 per period

This is the calculation rule for an hourly position:

Amount * Current Base Hours * Pay Periods* (Period's Spread Factor/Total Spread Factors)

$1.20 * 40 * 52 * (1/12) = $208 per period