Calculate monthly salaries without events
When a month does not include an event, monthly salaries are computed as follows:
Nominal Annual Salary * Month's Spread Factor / Total Spread
Factors
This table defines the terms used in the formula:
| Term | Definition |
|---|---|
| Nominal annual salary | The amount specified as the salary by the budget holder in the employee detail page for salaried employees. |
| Month's spread factor | The spread factor (value that determines how the yearly salary is distributed each month) determined by the spread method assigned by the administrator to the employee type in Detail Budgeting Administrator. |
| Total spread factors | The sum of the spread factors for the entire year. |
For hourly employees, calculate the nominal annual salary:
Hours * Units Per Year * Amount
In the preceding formula, the hours and amount are specified by the budget holder in the employee view, and "Units Per Year" is specified in the Hour Type tab by the administrator in Detail Budgeting Administrator.