This process is used to create, manage and define regulations. Regulations can handle a variety of employee matters, such as general social security benefits and deductions, tax thresholds, and various entitlements.
Regulations store values that can be used during payroll calculations. Each regulation is assigned to a company and, depending on the regulation type, has different configuration options.
There are three types of regulations which can be defined:
Regulations – a basic type of a regulation that returns values when used in a calculation.
Senior Regulations – a more advanced type of a regulation that allows to return different values depending on an input value. Useful in cases of various thresholds where once a certain value is reached, the calculation elements should change.
Other Regulations – other regulations are used to return different values based on a variety of input types. Only one type can be selected for a particular regulation, and it will determine how the regulation works.
Following types are available for selection:
Every regulation needs validity periods - different configurations are possible for every period.