In order to calculate your employees' annual PTU earnings, you must populate the PTU Factors fixed user table with the necessary information.

Perform these steps once a year, before you run the Profit Sharing Report. Oracle HRMS enables you to specify the new factors for each year as they are announced.

See: Running the Profit Sharing Process

   To specify the PTU calculation salary and days worked information:

1. In the Organization window, query the Business Group if it does not already appear there.

2. In the Organization Classifications region, select legal employer and choose Others.

3. Select PTU Factors.

   The Table Values window opens and displays the PTU Factors fixed user table. The name of the legal employer appears in the Exact field.

4. Select the column you want to populate.

   Required Columns

   Column Name	Description
   Total Amount to Share	Enter the amount to be shared amongst all employees. This is the percentage of your organization's previous year's profits.
   Highest Average Salary	Enter the value of the highest union worker's daily salary. Oracle HRMS multiplies this by 1.2 to derive the limit at which each employee's salary should be capped.

   Optional Columns

   Column Name	Description
   Calculation Method	Specifies how Oracle HRMS calculates profit sharing. Available options are: Daily Wages: Uses the daily wages of an employee to calculate the portion of profit share based on wages. This is the default method. Annual Earnings: Uses annual earnings of an employee to calculate the distribution of profit. Oracle HRMS converts the highest union worker's daily wage into annual earnings for the comparisons. Prorated Annual Earnings: For employees that have worked only part of the year, Oracle HRMS adjusts the limit to the amount that the highest paid employee would have made if they had worked the same number of days.
   Include Temporary Workers (Y/N)?	Indicates if temporary workers should be included in this process. The default is no.
   Minimum Days Worked	Minimum number of days a temporary worker must have worked to qualify for PTU compensation. If you leave this value blank, all temporary workers are included, as long as they have been processed by Payroll at least once. All permanent workers are processed even if they have worked less than the Minimum Days Worked days in the year. Note: The report ignores any values in the Minimum Days Worked field if you selected "No" in the Include Temporary Workers field.
   Total Capped Average Salary	Sum total of all eligible employees' salaries. If you do not populate this column, Oracle HRMS will calculate this on its own, using existing payroll and person data.
   Total Worked Days	Sum of all the days worked by all employees in the previous year. If you do not populate this column, Oracle HRMS will calculate this on its own, using existing organization and person data.

   Note: If you do not provide values for the optional columns, the Profit Sharing Report may take longer to complete, as Oracle HRMS has to do the calculations on its own.

5. For each column you want to populate, specify a value and date range. Use the Effective Dates fields to maintain the values for each year.

6. Save your work.