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💰 Effective date is used to maintain chronological records of employee history and transactions.
🏢 Criteria involve tagging earning codes to run categories and determining worker eligibility.
🔄 Worker eligibility is based on conditions like compensation element values and pay components.
📅 Conditions like pay type, FTE, and standard hours are considered in rule creation.
🚀 Implementation involves understanding business requirements and developing automated logic.
🌐 Users are encouraged to navigate to the self-service page to add bank accounts.
Here are the summary titles with time for the provided video information:
Introduction to Earning Criteria 00:00
Understanding Worker Eligibility Conditions 03:26
A: The effective date signifies when an earning becomes active, ensuring it is only applicable to employees hired after that date to maintain chronological order in worker history.
A: Worker eligibility criteria, such as compensation element value and pay component status, determine if an employee is eligible for a specific earning based on set conditions like value existence and previous payment status.
A: Compensation elements act as a link between HR and payroll systems, ensuring that earnings created in payroll are associated with the corresponding plans in HR, facilitating seamless integration between the two systems.
A: Verifying that a pay component has not been paid previously in the period ensures accurate processing of earnings and prevents duplicate payments, maintaining payroll integrity and avoiding discrepancies in employee compensation.
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