A pay rate rule must define one or more rate types. The rate type determines the method used to define the pay rate for the pay code selected within the pay rate rule.

If multiple rate types are to apply to a rate rule, conditional variable conditions must be defined against each rate type to define the specific conditions under which each rate type applies.

The following rate types are available:

• flat rate

• calculation

• direct valuation

• payee rate

Each of these rate types is described below.

Flat Rate

The flat rate rate type allows the rate to be defined as a straight monetary figure (for example: $25.00).

Calculation

The calculation rate type takes the existing pay/bill rate of another pay code and applies a calculation to it in order to define a new pay/bill rate. The new rate is calculated by performing one of the following actions:
adding a value to the existing rate subtracting a value from the existing rate multiplying the existing rate by a value dividing the existing rate by a value
applying a value as a percentage of the existing rate.

Direct Valuation

The direct valuation rate type uses a value that is keyed directly into a timesheet by a user as the applicable rate. This rate type is used for pay codes that correspond to manual items.
For example, if a pay code corresponds to a manual item that allows payees to claim reimbursement for taxi fares, the reimbursement amount may depend on the extent of the out-of-pocket expense incurred by a payee. Therefore, the pay rate for the corresponding pay code will depend on the value keyed directly into the timesheet.

Payee Rate

The payee rate rate type uses the payee's hourly rate, as specified on the Payee record in the Pay module, as the pay rate.