Premium Setup - Premium Rules
Premium Rules are established to assign pay rates to organization levels items. To add a new premium rule navigate to Company Setup – Premium Setup – Premium Rules, after selecting Add, the following page will display:
Field Name |
Description |
Name |
Name for the premium rule |
Description |
Premium rule description |
Active |
Active Status for the premium rule (if the status is ‘Inactive’, the option will not appear on Company – Premium Groups for selection) |
Compare Code |
To compare the pay rate for the org level with the employee’s base rate or use the rate from the premium rule. Set to equal value to use the rate from the premium rule. |
Fixed Amount |
Not used at this time. |
Hourly Amount |
Not used at this time. |
Maximum Amount |
Not used at this time. |
Minimum Amount |
Not used at this time. |
Org Level Depth |
Org level depth to match |
Org Level Item |
Org level item to match |
Pay Factor |
Pay factor to apply when calculating the pay rate for the org level |
Pay Rate |
Pay rate to apply for the org level item |
Pay Type |
Pay type to be matched when applying the pay rate. Leave at ‘N/A’ to apply the rule to all pay types. |
Earning Code |
Earning code to be matched when applying the pay rate. |
Percentage |
Not used at this time. |
Premium Type |
Determines how the premium rule is applied. Set to ‘Replace Rate’ to use the pay rate defined in the premium rule for any hours worked in the org level. |
Shift Type |
Shift type to be matched when applying the pay rate. Leave at ‘N/A’ to apply the rule to all shifts. |
Please contact an Insperity Time and Attendance Professional Services Representative to establish premium rules.