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Recalculate Position Defaults

Human Resources | Remuneration | Interview Panel Details | Recalculate Position Defaults command

Summary

Position Defaults are used as a template for employee remuneration packages. They contain the parts that make up a remuneration package such as:

  • Base Components
  • Vehicles

PayGlobal takes the value of these parts to calculate important figures such as:

  • Mid range remuneration
  • Non-cash
  • Total remuneration
  • On-costs
  • FBT
  • Total cost of employment

When do I use this command?

Use this command after you have made changes to the details contained within a Position Default. PayGlobal will recalculate the figures above in accordance with the new values.

What does PayGlobal do?

PayGlobal:

  1. Looks at the total components and vehicles of each Position Default
  2. Calculates the on-cost, FBT and non-cash values
  3. Takes the mid range remuneration from the appropriate Work Area Position
  4. Calculates the Total Remuneration:

    Remuneration mid + non-cash

  5. Calculates the Total Employment Cost

    Total Remuneration + On-costs + FBT

PayGlobal does not recalculate employee packages with this command. To recalculate employee packages, use the Recalculate Employee Packages run command.

See also

Position Defaults

Work Area Positions - Remuneration Details

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