Multiple pay rates like an Office Hourly Rate and a Field Hourly Rate
Extended pay rates like Office Hourly Overtime and Field Hourly Overtime that might be (1.5 x Regular pay)
Pay changes over time such as raises and other pay adjustments
Tracking average hours per week
Annual summaries
Pay errors happen, this document allows you to track your pay. Carry over the values from your bi-weekly paycheck to better see rates, hours, and trends.
table breaks down the Pay Categories into the different pay types. Within the
@Office
category, you might have a Regular Rate and an Overtime rate. This table is grouped according to pay category and all equations refer to these categories, so any number of new rates can be added or removed within these categories. The "Scaler" column is a multiplier for rates like "Overtime" where pay might be (1.5x) a Regular rate. The "Scaler" will be "1" to keep the rate the same.