Certification, Compensation, Core HR, Microsoft Dynamics 365 for Talent

MB6-898 Configure pay rate conversions

Pay rate conversions are used to define the time period for which the compensation plan is specified. If some workers has a annual salary, they should get the same compensation as one with an hourly pay rate. The pay rate conversion is a way to calculate the compensation no matter which periode salary they have.

The screenshot shows how the pay rate conversions are set up in a trial environment.

Pay rate conversions

The calculation for pay rate conversions for the four basic conversions would be:

  • Annual = X/1
  • Monthly (12) = X/12
  • Weekly = X/52
  • Hourly = X/2080

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