Changing Salary Calculation in Fast Formula

Oracle Human Resource (Core HR), Payroll, Time & Labor, Self Service HR, Advance Benefit, Talent Management (Performance Management, Competency Management, Performance Appraisal, Goal Management), iRecruitment, Compensation Workbench
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gandham
Posts: 8
Joined: Mon Feb 18, 2008 9:52 am
Location: India

Changing Salary Calculation in Fast Formula

Post by gandham »

Currently we have a formula where salary calculation is fixed i.e. 30 days. How can i change monthly salary calculation i.e. salary/30 to a calculation where annual salary will be divided by 365 days and to be multiplied by the number of days available in the respective month. I appreciate an approproate answer. Thanks in advance
saudapk
Posts: 13
Joined: Tue Feb 28, 2012 3:51 pm
Location: Qatar

Post by saudapk »

Hi,

You can use current salary and annualization factor DB Item to get yearly salary and then division by number of days of the year and multiplication by no. of days of the respective month. The count of days of the year and count of days of the month can be achieved using normal date operators.
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