Updated Dayforce to ensure that its salary calculations are in compliance with the Collective Bargaining Agreement (CBA). Previously, Dayforce used a fixed value of 52 weeks per year or 4 weeks per month in its salary calculations when the following settings were configured in the Employment Status tab of the Employment Settings screen in People:
Now, Dayforce calculates an employee's base rate or annual salary with the value configured in the Monthly Hours field when the pay frequency is monthly, using the following formulas: Base rate = annual salary / 12 / monthly hours Annual salary = base rate * 12 * monthly hours Note: The previous assumption of 52 weeks per year or 4 weeks per month still applies when the Monthly Hours field is left blank or if the pay frequency isn’t monthly. Additionally, when the Monthly Hours field is configured, the Job Step Recalc and the Base Rate Recalc background jobs also use the above formulas in their salary calculations. |