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Valuation of wage types
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Valuation of wage typesa) Direct valuation-Amount Manuallyb) Indirect valuation-It is calculated by systemVarious modules defined for indirect valuationa) ARBPL Module-Remuneration Information in Basic pay-0008
b) SUMME Module-Adding getting desired amount
Ex: 20%WT1+70%WT2+10%WT3=WT Amount
c) PRZNT Module- Adding and multiplying and getting desired
Ex: 20%WT1+70%WT2+10%WT3*Basic Pay=WT Amount0008, 0014, 0015
Indirect evaluation Modulesa) International-TARIF-A,SUMME-Bb) Country Specific-INVAL(India)The below give table are the back bone of Indirect evaluation module INVAL1. T511- Wage type Characteristics2. T510- Maintain PSG and Levels3. T539J-Maintain Valuation Base Wage Types4. T7INA9-Calculate Eligibility for RAP5. T7INA7-Maintain Allowance Rules Based on Slabs6. T7INB1-Basic Wage Type in Allowance Grouping
Indirect evaluationmodule INVAL with module variantAIn Scenarios such as when a particular fixed amount of pay component to be automatically updated against a wage type that time we can use indirect evaluation module with MODULE VARIANT AEx: Basic Pay-8000 and HRA-40%-Give AMT4000
Indirect evaluationmodule INVAL with module variant BThrough this you able to arrive at a wage type amount as a percentage of another wage type or a set of wage typesa percentage of a wage type plus a fixed amount with condition.Ex: Basic Pay-8000 and HRA-40%-Give AMT and Transport All-5% BP+5%HRA-Give amt-120010000-10004000-5001000+500=1500-800
Indirect evaluationmodule INVAL with module variant CThis module variant will useful in a condition where indirect evaluation should happen by fixing a maximum limit of amount. Through this we can evaluate the value of a wage type as percentage another and compare with a value by making sure that the evaluated value will not exceed the limit.-RAPProject Allowance40% of BP+5% TP All With Max RAP Limit-300010000-400010000-8004800
Indirect evaluation module INVAL with module variant DModule variant D has 3 options A, B, C.Module variant D it is valuated based on salary slabs of an employee it can be derived based on INVAL A, B, C Variants.
BS-HRA5000-15005-7000-18007000-2500
Condition-1-Inval BS1-E BS-7500-1000S2-E BS-12000-2000S3-E BS-17000-3000
40% on Basic Pay&INVAL D10000-4000+2000=6000
15000-5500+3000-8500