Components | Component Tables Configuration
About
Flexibility in configuring minimum wage rates is essential, as these rates vary across sectors and industries in accordance with applicable labour law. To accommodate this, customers can now configure minimum wage rates at company level using the Component Tables Configuration feature.
Previously, all minimum and maximum ceilings were maintained at bureau level only. The system has been enhanced to allow these limits to be processed at company level as well, giving customers greater control and flexibility in how minimum and maximum wage thresholds are applied across their payroll environment.
This function is also known as a Table Builder Configuration, since the user can set up different tables for the Minimum Wage Rate categories. To establish if a Minimum Wage Rate note component has been set up to provides for this flexibility, please refer to the release notes under “What’s New” to confirm if this functionality is available.
To add a new minimum wage rate, access the Component Tables Configuration screen.
Edition
This feature is available on all PaySpace payroll editions.
Navigation Path
Navigate > Configuration > Basic Settings > Dropdown Management > Component Tables Configuration
Details
Step 1: Add the applicable minimum wage rates on company level.
Step 2: Select the + icon,
Step 3: Define the Minimum Rate description, the minimum wage rate code, the effective date, the minimum wage and select the Save button.
Step 4: Navigate > Configuration > Payroll > Payroll Components and select + Component.
Step 5: Add the new Minimum Wage Rate note component as a Company Payroll Component.
Step 6: Navigate > Employee > Payroll Processing > Recurring Payroll Components. Add the Minimum Wage Rate note component as a Recurring Payroll Component and link the employee to the applicable rate.
Important!
- By default, the applicable bureau rate codes will be applied as the default minimum and maximum ceilings.
- If the Minimum Wage Rate note component exists on an employee's payslip, this rate will override the default minimum and maximum ceilings.
- Payroll components are stored per frequency. Therefore, the Minimum Wage Rate note component needs to be added per frequency.
- The Minimum Wage Rate as defined on the Component Tables Configuration screen is set up per company.
- If the Minimum Wage Rate note component is added to an employee's payslip, the Minimum Wage Rate and Effective Date need to be defined per employee.
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