Time Punch to Pay Formula Application
Capturing, managing, interpreting employee time records to pay record consisting
of (Hours * Pay Rate * Pay Multiplier) according to your company contracts governing
start of week, OT rules, pay period cutoffs, can be a confusing and error prone
process resulting in over-payment, and un-wanted pay practices being established
as the rule. PayTrax was built to make this process routine and repeatable across
all areas of your company.
How pay records are calculated in PayTrax depends on the applicable parameters as
defined for the employees (default) or override for temporary work outside their
default area.