Summary

Use Default Daily Rates to calculate daily unit payments, such as Sick Pay Accruals.

PayGlobal derives the Default Daily Rate from the Rate calculation and Factor calculation fields set the Rate record.

Data comes from

This information comes from the Employee record, in particular:

• Total profiled hours
• Total non-zero days
• Default Hourly Rate

Typical setting

For a typical Default Daily Rate the settings are as follows:

• Rate Code = Y
• Description = Daily Rate
• Rate Calculation = D. Standard Default Hourly Rate
• Factor Calculation = D. Avg Profiled Hours per Day

See also

Rates

Rates - Default Hourly Rate

Employees - Rates