Defining rate progression rules based on performance rating rules and hours threshold rules

Rate Progression Rule and Description

Specify a long and short description for the rule.

Version Date

Specify a version date.

Currency

Select a currency for the rate progression.

Active

Indicate whether the rate progression is active.

Specify this information:

Step And Grade Group

If applicable, select the eligibility group to which the rate progression applies.

Note: 

Eligibility groups, also called custom groups, must defined by the administrator in Infor HR Talent Setup.

Performance Rating

Select a performance rating rule or click Define to create a new rule. See Defining performance rating rules.

Hours Threshold

Select an hours threshold rule or click Define to create a new rule. See Defining hours threshold rules.

Waiting Period

If basing the rule on a waiting period, select the waiting period or click Define to create a new one. See Defining rate progression waiting periods.

Allow Lump Sum Payments

Select this check box if lump sum payments are allowed after the employee reaches the top step for a grade.

Pay Code

To link the lump sum payment to a pay code, specify it here. You can place a pay code on the payment record for use when interfacing to a payroll application.

Calculation Option

Select the way in which the lump sum amount is calculated. Select a percent of base pay or flat amount.

Lump Sum Rate by Factor

Select whether the lump sum is based on a performance rating or a step and grade schedule. If you select No, then everyone receives the same amount, which you specify in the Rate field.

Lump Sum Rating Scale

If you selected By Performance Rating in the Lump Sum Rate Factor field, then you must select the rating scale by which the performance is rated.

Rate

If you selected No in the Lump Sum Rate by Factor field, then specify the rate.