Calculation by Employee benefits
PercentOfPeriodic
and YTDRanges
benefits have
a Calculate by Employee option. When this option is turned on, these benefits are
calculated on the sum of the based-on benefits for all positions held by an employee.
When this option is turned off, these benefits are calculated on the based-on benefits
for a single position only.
This table shows the calculation results for an employee, Jackie, who holds two positions:
Position | Employee | Benefit | Jan | Feb | Mar | Apr | May | Jun |
---|---|---|---|---|---|---|---|---|
Nurse | Jackie | Benefit B | 200 | 200 | 200 | 200 | 200 | 200 |
Receptionist | Jackie | Benefit B | 100 | 100 | 100 | 100 | 100 | 100 |
In this example, Benefit A, which is a PercentOfPeriodic
benefit, is based-on Benefit B.
This table shows the settings for Benefit A:
Start date | End date | Percentage | Cap |
---|---|---|---|
1/1/16 | 6/30/16 | 10% | 63 |
This table shows the calculation results for Benefit A, with the Calculate by Employee option turned off:
Position | Employee | Benefit | Jan | Feb | Mar | Apr | May | Jun |
---|---|---|---|---|---|---|---|---|
Nurse | Jackie | Benefit A | 20 | 20 | 20 | 3 | 0 | 0 |
Receptionist | Jackie | Benefit A | 10 | 10 | 10 | 10 | 10 | 10 |
If the option to calculate by employee is turned off, Benefit A is calculated separately for each position. Benefit A for the nurse position reaches the cap value of 63 in April. For the receptionist position, it does not reach the cap value.
This table shows the calculation results for Benefit A, with the Calculate by Employee option turned on:
Position | Employee | Benefit | Jan | Feb | Mar | Apr | May | Jun |
---|---|---|---|---|---|---|---|---|
Nurse | Jackie | Benefit A | 20 | 20 | 2 | 0 | 0 | 0 |
Receptionist | Jackie | Benefit A | 10 | 10 | 1 | 0 | 0 | 0 |
In this example, Benefit A reaches its cap value of 63 in March.