Pay Conditions
Every Event is assigned a
Pay Condition, both to indicate how the represented time was spent
and to specify the pay rules that are to be applied to those hours.
Bundle-Track ships with the following Pay Conditions pre-defined:
- Incentive Pay: Calculate production earnings as Units
scanned * Operation's Time-Standard * Operation's Base Rate. Makeup
weekly to Pay Rate "GUARANTEED" (incentive minimum). Adjustments
in Earned Time are converted to money by multiplying against the
Condition's base rate.
- Pay Average Rate: Pay the Employee-specific Pay Rate
"EMPAVE" (employee average).
- Pay Home Rate: Pay the Employee-specific Pay Rate "HOMRAT"
(home rate).
Whereas Desktop Edition does not allow you
to modify this set of Pay Conditions, Network
Edition allows you to rename and modify these as you wish, as
well as to create an unlimited library of your own Pay Conditions.
Each Pay Condition may represent an Employee Absence, idle time
(Machine Down time), time on a specific Job (or on any of class
of Jobs that have the same pay rules), or any other kind of scenario
that makes sense for you.
Pay Rates
Bundle-Track lets you define a library of Pay Rates that may be
referenced by Pay Conditions and other system
areas.
- a Global Pay Rate has the same fixed value no matter
where it is used.
- an Employee-Specific Pay Rate delivers an Employee-specific
value defined under the Employee
record. You can even make Bundle-Track update the rate automatically
as a rolling average.
Operation Base
Rates
Bundle-Track lets you build a library of Operation Base Rates which
you may assign to Operations
to enable Bundle-Track to convert Production
Standards back and forth between earned Time and earned Money.
It even lets you assign employee-specific overrides to Base Rates.
Rolling Historic Averages
You can let Bundle-Track automatically update any given Employee-Specific
Pay Rate with rolling historic averages calculated for each
Employee at the end of each
period close or on demand.
Hourly Pay
Bundle-Track lets you build Pay Conditions
that return Hourly Pay rates. You assign to the Condition an hourly
Pay Rate (which may be Global or Employee-Specific),
and Bundle-Track multiplies that rate against the time assigned
to any Event that uses that
Pay Condition.
Piecework Pay
Bundle-Track lets you build Pay Conditions
that return Piecework Pay. Bundle-Track simply multiplies the Production
Standard rate associated with each scanned
Ticket's represented Operation
against the scanned production quantity, and sums the results.
Split Incentives (Network
Edition only)
Bundle-Track lets you build Pay Conditions
with split incentives - part hourly and part incentive. You assign
to the Condition an hourly Pay Rate (which may be Global
or Employee-Specific), and specify an hourly
rate factor and a piecework factor. Bundle-Track calculates both
the Hourly Pay and the Piecework
Pay, multiplies those rates against the factors you assigned,
and sums the results.
Training Curves (Network
Edition only)
With Network Edition, you can implement multi-tiered split
incentive rules in which split factors vary according to worker
experience on a given job. You definine a Pay
Condition for each job, and assign split factors to various
'hours of experience' thresholds. Network Edition automatically
tracks each worker's experience on each Pay Condition and selects
the split factors appropriate for the worker's experience.
Group Based (Modular) Pay (Network
Edition only)
Network Edition allows you to scan production against entire Teams
or entire Departments and to figure the performance of the group
into the individual members' pay calculations.
Pay Rate Maximums and Minimums (Network
Edition only)
Network Edition lets you define an upper or lower rate limit on
any Pay Condition.
Automatic Comparison against Home
Rate (Network Edition only)
Network Edition lets you attach a final stipulation to any Pay Condition's
pay rule: Pay the Home Rate if Greater. Desktop
Edition does not offer this.
Automatic Home Job Rate Update
(Network Edition only)
Network Edition allows you to designate one Pay Rate as the Employee-specific
Home Job Rate, and offers an option let Bundle-Track automatically
infer and update each Employee-specific Home Job Rate at each period
close, based on the current rate assigned to the Employee's Home
Job.
Shift Premiums
Bundle-Track lets you set Shift premiums as flat rates or as percentages
of pay. It lets you decide whether the Shift premium should be added
in before or after Overtime Pay is calculated.
And it lets you decide whether to pay Shift premiums for Shifts
worked, or to always pay the worker's usual Shift premium no matter
when the work occurs.
Overtime Premiums
Bundle-Track automatically calculates Overtime hours, based on Event
hours, and lets you define various Overtime rules. Daily or weekly
overtime, or both. Sunday double-time or not. It lets you control
whether, in the eyes of the Overtime calculator, any time logged
under a given Pay Condition counts as worked hours or not (Paid
Holidays usually do, and Unexcused Absences usually don't).
Multiple Pay Groups (Network
Edition only)
Network Edition lets you divide your workforce into multiple
Pay Groups which may be processed separately. This is critically
important if you have overlapping Shift schedules that frustrate
any attempt to establish a common pay period cutoff time that does
not intersect with a scheduled Shift; having multiple Pay Groups
lets you establish multiple cutoffs. It is also useful if you want
to be able to process a large workforce in smaller groups, perhaps
so that each of several pay clerks can operate independently.
Click here for other features.
