Pay Differential
Pay/Wage differential is a term used in time tracking and payroll systems to analyze the relation between the wage rate and the risk or attributes of a particular job. In the TimeLogix system, this could be accomplished using schedules. At the time schedules are being assigned, each schedule can be configured to have a specific rate. There are two pay differentials that can be configured: with a fixed rate for the schedule or with a multiple of the hourly rate.- Fixed.- Enter a fixed hourly rate amount for hours worked within this schedule.
For example: If you want to pay the employee $12/hr instead of their normal $10 per hour rate, then just enter $12 in this field.
- Multiple.- Enter a number that will be multiplied times the base hourly rate defined on the employee profile.
For example: If you want to pay the employee 2 times their normal rate, enter 2 in the multiple fields.
See also