Duration Pay CodesĪ duration pay code is used to define the distribution of codes assigned to a duration of time that employees are paid. These codes can be designed to charge time concurrently or in a hierarchical flow across multiple accrual codes. Cascading Pay CodesĪ cascading pay code allows users to charge time across multiple different accrual codes. Wage pay codes, a specific type of monetary pay code, can be used to edit pay information after timecards have already been reviewed, approved, and signed-off on. For example, a “Bonus” code is accrued and holds monetary value. Money Pay CodesĪ money pay code accrues amounts of money rather than time. Multipliers can also be defined for a time pay code. Unworked, or non-productive, time includes pay codes like “Vacation” and “Sick” to configure pay. Worked, or productive, time includes all the hours employees spend “on-duty” or are actively working on company premises, and their associated pay codes include, but are not limited to, “Regular” and “Overtime”. Time Pay CodesĪ time pay code accrues hours for both worked and unworked time. Now that you understand how pay codes help define time spans and organize time and money for payroll management purposes, let’s take a closer look at the different types of pay codes. Here are a few common Kronos pay code examples: This way, managers can keep track of employee-specific pay codes, and employees can rest easy knowing their payment data is accurate and up-to-date. Pay code distribution also contains work rules that outline the pay calculation for each employee. These pay codes become part of an employee’s pay code distribution, a pay plan for calculating employee wages based on their pay situations and associated pay codes. Pay codes are created by first gathering the timecard punches for an employee, applying employee-specific pay rules to determine individual payment, and create pay codes for that individual.Įach employee has a pay code profile that outlines the pay codes that are assigned to them. Overview of Pay Codes in KronosĪ pay code involves using a bucket of hours within an employee’s time record to organize time and money and ensure employees are paid correctly. ![]() Read on to learn more about Kronos codes and how they can transform time and money management processes for your organization. Kronos pay codes simplify this by giving employees and managers a more efficient and effective way to organize time and money within the system. Home > Insights > What Are Kronos Pay Codes?Įnsuring that time is entered, managed, and processed correctly and employees are paid accordingly is a crucial part of any workforce.
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