Plan payout options
When you select a plan payout option, you must consider the accrual option you selected on the Plan. Each option is valid for a type of accrual option.
The payout option determines whether hours or an amount is used for the time record that is created. The payout option also determines which type of absence transaction is created:
- Hours
- Earnings
- Both
Hours
- The pay code that is associated with the Hours Payout Service Code on the plan's
balance rule is used on the time record that is created.
The exception is if the record is overridden for terminated employees
- If the pay code calculation type is Do Not Calculate, then the number of hours is multiplied by the resource's primary work assignment hourly rate.
- The result of that multiplication is sent to the Amount field on the time record along with the Hours.
- The Pay Rate field on the time record is blank.
- For other pay code calculation types, only the number of hours is sent to the time record.
The Pay Rate and Amount for the time record are determined from:
- the employee's work assignment pay information
- the pay code calculation type and setup
Valid pay code calculation types for paying out Hours are:
- Do Not Calculate
- Normal Rate
- Hours Only
- Percent Rate
- Rate Shift Differential
- Percent Shift Differential
- Percent With Rate Shift Differential
- Custom Calculation
Earnings
When Earnings are paid out:
- The pay code that is associated with the Earnings Payout Service Code on the plan's
balance rule is used on the time record that is created.
The exception is if the record is overridden for terminated employees.
- The Earnings value is sent to the Amount field on the time record.
- The Pay Rate field and the Hours field on the time record are blank.
- Only pay codes with a calculation type of Do Not Calculate or Custom Compute are valid when Earnings are paid out.
Payout options
This table provides a detailed look at the payout options.
| Payout Option | Accrual Option Plan | Purpose | Transaction that is created |
|---|---|---|---|
| Current Cycle Hours x Pay Rate | Hours Only | This option pays out the hours that are available for the
current period. Use this option after a Process Plans cycle as this option depends on current accrual cycle transactions. |
Payout hours transaction |
| Date Range Hours x Pay Rate | Hours Only | This option pays out the sum of hours for processed or closed transactions. When selecting this option, a date range selection is displayed. | Payout hours transaction |
| Available Hours x Rate | Hours Only | This option pays out the total hours in the available balance. | Payout hours transaction |
| Current Cycle Earnings | Earnings or Earnings And Hours | This option pays out the current cycle’s available dollar amount. | Payout earnings transaction |
| Date Range Earnings | Earnings or Earnings And Hours | This option pays out the balance of the available transactions that are within the date range specified. | Payout earnings transaction |
| Available Earnings | Earnings or Earnings And Hours | This option pays out the available earnings balance. | Payout earnings transaction |
| Current Cycle Hours with Earnings | Earnings And Hours | This option pays out the hours that are available for the current period. | Both hours and earnings |
| Date Range Hours with Earnings | Earnings And Hours | This option pays out the available hours transaction within the date range. | Both hours and earnings |
| Available Hours with Earnings | Earnings And Hours | This option pays out the total hours available balance. | Both hours and earnings |
| Sell Request Hours X Rate | Hours Only | This option pays out the total hours for approved Sell Requests. | Both hours and earnings |
| Exchange Request Hours X Rate | Hours Only | This option pays out the total hours for approved Exchange Requests or the Default Payout. | Both hours and earnings |