Installation and Setup Guide - Lathem Time Corporation

PayClock Pro Installation and Setup GuideRate CalculationPayClock can calculate differential wages using 1 of 2 methodsThe default rate calculation method is(( Base Wage + Differential ) * Modifier )Example: John Doe's base wage is $8.00 per hour. If he works the second shift he will get a .35differential. This pay period John has worked 4 hours and 30 minutes in the second shift. The 4hours and 30 minutes was Overtime which is paid at 1.5(( 8.00 + .35 ) * 1.5 ) * 4.5 Johns pay for the differential is $56.36The optional rate calculation method is(( Base Wage * Modifier ) + Differential )Example: John Doe's base wage is $8.00 per hour. If he works the second shift he will get a .35differential. This pay period John has worked 4 hours and 30 minutes in the second shift. The 4hours and 30 minutes was Overtime which is paid at 1.5Rate DifferentialRate Modifier(( 8.00 * 1.5 ) + .35 ) * 4.5 Johns pay for the differential is $55.58You can get to the rate calculation at the System icon, Preferences tab, Pay Codes buttonPayClock uses the rate differential to compute wagesUse the rate differential to add a certain amount to an employee's base payFor example, if a person gets paid $2.00/hour extra when he works on a holiday, set the WorkedHoliday differential to $2.00You can get to the rate differential at the System icon, Preferences tab, Pay Codes buttonPayClock uses the rate modifier to compute wagesEnter the modifier to set a pay code’s rateFor example, if Overtime is paid at double-time, set its modifier to 2.00 (two times the base pay)159