Weighted Average Rate Of Pay - Amano Time Guardian Series Installation And User Manual

8. Enter a rate in the Rate field.
9. Repeat Steps #5 thru #7 to add additional Rates to this template.

Weighted Average Rate of Pay

This function is available when the Advanced Rounding Module is activated. It is used to
calculate the overtime rate based on all hours worked plus hours awarded from being on call.
The following should be setup to perform this function:
•
Employee weighted average (use for single employee settings).
•
Pay Class weighted average (all employee settings).
•
On call bonus for weighted average (defined in Pay Code).
This function can be used to calculate overtime rate of pay for daily, weekly, period and range
overtime.
This function can be used to calculate overtime cost and/or billable rate of pay depending on the
setup. The calculation of floating precision will follow rate precision setting. The following are
examples of weighted average overtime rate calculations:
Note: The sequence of overtime is first check employee and if Yes then apply rules. Second
check Pay Class and if Yes apply all selected and if No apply nothing. Third apply On Call for
Weighted Average if selected.
– Advanced Labor/Rate Module
Time Guardian Series
15-15