A Pay Agreement defines the pay and conditions that apply to the job position for which the job order has been raised.
A Bill Agreement determines the monetary rate that the agency will bill the client for filling the job position for which the job order was raised.
In order for pay and bill agreements to be applied to job orders, the valid pay and bill agreements must be configured in the Rates and Rules module of the system.
Agreements are assigned to a hierarchy which influences what agreements / rates are available to be selected in the Job Order.
Conditional Variables
Pay and bill agreements may have associated conditional variables. Conditional variables determine additional factors that contribute to the pay or bill outcome. For example, a Grade 2 nurse may receive a higher rate of pay than a Grade 1 nurse. Therefore, a conditional variable may be used within the pay agreement to define the resulting pay rate based on the experience level of the candidate. Similarly, a conditional variable may be set on the bill agreement as the agency may charge clients a different rate depending on the candidate's level of experience.
Manage Layout
Manage Layout is available in the rates section. This can be used to set the display order of columns and also to display Rate Matrix Formulas where configured - these formulas display a calculation outcome for internal purposes, but do not influence pay or bill. Click here for more details on these formulas.
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