Retro Pay
Occasionally, there may need to be a retroactive rate change for an hourly or salaried employee. The Retro Pay step in the Time Prep Checklist automatically identifies and calculates the difference owed or calculates the entire timesheet with the new rates, then includes them in the current pay period.
After these differences are identified, they are classified based on the type of change needed:
- Pending Retro Pay Calculation: Any retroactive change to base compensation or rate tables.
- Pending Calculation: Any corrected timesheet.
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