Wage Code Definition

The process handles defining of a wage code which is one of the basics for payroll calculations. Defining the wage code means specifying the way the money is calculated for work performed or in benefits.

The process is divided into the following activities:

• Get Default Calculation Functions
• Define Wage Code Main Settings
• Define Wage Code Validity Period
• Define Calculating Formula
• Define Parameters for Calculating Formula
• Define Calculation Division Parameters
• Define Parameters for Payroll Booking