Historic Rates Extra Information Types

For proper Integrated Daily Wage calculation, you must define the following Historic Rates EITs:

Rate Types Parameters Description
Rate Type Name Specifies the type of earning. Select Fixed IDW, Variable IDW, or Base Pay.
Element Attribution Parameters Description
Time Dimension Use this field to specify if the calculated value is an annual, periodic, daily, or hourly value. Oracle Payroll uses this value to select the correct divisor to convert the value into a daily amount.
Pay Source Value Use this field to specify how Oracle Payroll derives the IDW value for this element.
  • Choose Input Value if the calculation is dependent on a particular input value, element, or group of elements (rate types).

  • Select Element Type if the IDW is based on the calculated value of another element.

  • Select Rate Type if the IDW is based on a group of other elements combined together under a rate type.

Qualifier Use this field to specify the name of element, rate type, or input value from which the IDW is derived. Available values are dependent on what you selected as the Pay Source Value.
% or Factor Use this field to specify if the IDW value for the element is derived as a percentage or a multiple of the pay source value specified earlier. Use this field only if you selected element or rate type as the pay source value.
% or Factor Value Use this field to specify the value of the percentage or the factor to be applied to the result. Use this field only if you have selected a value for the % of Factor field.