Retro Pay by Element | Oracle HRMS Payroll | Step by Step Screen Shot
By Jag - September 06, 2013
Retro Pay by Element | Oracle HRMS Payroll | Step by Step Screen Shot
What is retro pay
Retro pay is usually run for back dated increments or promotions to be paid in the current period. For instance, in a company, Increment arrears are paid two months after the increment period, so we need to run retro pay to make this payment in current period.
How do we do it??
1) Create an Event Group.
2) Attach it to the Element --> Recalculation Tab
3) Make a back dated salary Increment
Consider we are currently running the payroll for period Mar-10 and we made a salary increment in the period Jan-10and payroll for Jan-10 and Feb-10 is already run.
4) Create assignment set
Create assignment set to include your desired list of employees for which you want to pay increment.
5) Create Element Set
You may include the elements for which increment are paid. Differential amount (Arrears) will be shown separately for each element, as represented by process name "Retro pay by element"
6) Run Concurrent Program "Retro Pay by Element"
7) View Element Entries
Global HRMS Manager --> People --> Enter & Maintain --> Assignment --> Entries
As you can see there are 3 entries for Proration Element (Proration formula used) for JAN-10
Proration formula is run for the period JAN-10,
Differentials:
JAN-10 4,193
FEB-10 10,000
MAR-10 10,000
What is retro pay
Retro pay is usually run for back dated increments or promotions to be paid in the current period. For instance, in a company, Increment arrears are paid two months after the increment period, so we need to run retro pay to make this payment in current period.
How do we do it??
1) Create an Event Group.
3) Make a back dated salary Increment
Consider we are currently running the payroll for period Mar-10 and we made a salary increment in the period Jan-10and payroll for Jan-10 and Feb-10 is already run.
4) Create assignment set
Create assignment set to include your desired list of employees for which you want to pay increment.
5) Create Element Set
You may include the elements for which increment are paid. Differential amount (Arrears) will be shown separately for each element, as represented by process name "Retro pay by element"
6) Run Concurrent Program "Retro Pay by Element"
7) View Element Entries
Global HRMS Manager --> People --> Enter & Maintain --> Assignment --> Entries
As you can see there are 3 entries for Proration Element (Proration formula used) for JAN-10
Proration formula is run for the period JAN-10,
Differentials:
JAN-10 4,193
FEB-10 10,000
MAR-10 10,000
I hope this post is helpful for you.
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