Setting Up Holiday Pay

Before you can process an employee's holiday pay, you must set up the fast formula rules. Oracle HRMS simplifies the task for you by providing predefined lookups and fast formulas.

arrow icon   To set up holiday pay:

  1. Create user types and statuses for the Finnish predefined lookups. Map the options of each lookup to the relevant elements. These lookups include:

    See: Creating Users Types and Statuses

  2. Create your holiday pay formulas using the predefined formulas.

    See: Writing or Editing a Formula

  3. Create a standard formula processing rule to associate your formula with your absence element.

    See: Defining Formula Processing and Result Rules

  4. Set the formula results for your holiday formula as per the following table:

    Result Name Type Element Input Value
    ENTITLE_HOLIDAY_COMPEN Indirect HOLIDAY_PAY_ENTITLEMENT Holiday Compensation
    HOLIDAY_PAY Indirect HOLIDAY_PAY_ENTITLEMENT Holiday Pay
    SUMMER_HOLIDAY_DAYS Indirect HOLIDAY_PAY_ENTITLEMENT Summer Holiday Days
    WINTER_HOLIDAY_DAYS Indirect HOLIDAY_PAY_ENTITLEMENT Winter Holiday Days
    AVERAGE_DAILY_PAY Indirect HOLIDAY_PAY_ENTITLEMENT Average Daily Pay
    AVERAGE_HOURLY_PAY Indirect HOLIDAY_PAY_ENTITLEMENT Average Hourly Pay
    CARRYOVER_HOLIDAY_COMPEN Indirect HOLIDAY_PAY_ENTITLEMENT Holiday Compensation Carryover
    CARRYOVER_HOLIDAY_DAYS Indirect HOLIDAY_PAY_ENTITLEMENT Holiday Days Carryover
    CARRYOVER_HOLIDAY_PAY Indirect HOLIDAY_PAY_ENTITLEMENT Holiday Pay Carryover
    HOLIDAY_COMPENSATION Indirect HOLIDAY_PAY_ACCRUAL Holiday Compensation
    HOLIDAY_DAYS Indirect HOLIDAY_PAY_ACCRUAL Holiday Days
    WORKING_DAYS Indirect HOLIDAY_PAY_ACCRUAL Working Days
    WORKING_HOURS Indirect HOLIDAY_PAY_ACCRUAL Working Hours
    HOLIDAY_PAY_RESERVE Indirect HOLIDAY_PAY_RESERVE Pay Value
  5. Assign a work schedule to the employee.

    See: Assigning a Schedule to a Worker

  6. Link the predefined holiday elements to the required payroll

    See: Defining Element Links

  7. Run the payroll.

    See: Starting a Payroll Run