Friday, April 27, 2012

Retro Pay and Types

Retro Pay:
   Retro pay is used to employee earnings to altered to  retrospectively
   used to making adjustments to employee earnings
   it can effect group of employees or individual employee


Type: 
 There three types of Retro Pay's
1.Retro pay by Aggregate 
   combines all adjustments  into one entry for each balance


2.Retro pay by run

  user able to see how adjustments are distributed across process


3.Retro pay by Element
    when you enabling retro pay by element , Retro costing also available


 it allows payroll to reprocess retrospective changes and stores  the results at element entry level . Retro pay by Element also called as Enhanced Retro Pay.

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