In the Crafts application, you can specify standard rates for each
craft, and add premium pay codes for premium pay rates.
Standard rates
Standard rates are used as default
rates for a work plan. The following rules apply to standard rates:
- You can specify a standard rate as a general rate for a craft.
- You can specify standard rates for each skill level within a craft.
- You can establish standards rates for external vendors (with or without
labor contracts) for crafts and for skill levels within a craft.
Premium pay codes
You can define premium pay codes
to reflect situations in which the cost of the labor that is being reported
needs to be increased, such as overtime pay, skill pay, or hazardous
duty. The following rules apply to premium pay codes:
- Before you can associate premium pay codes with a craft, you must define
the premium pay codes.
- You can establish any number of premium pay types and rates for each craft
record.
- Premium pay can be calculated as a multiplier, an increment, or as an
hourly amount.
- If a premium pay code is defined as applying to all new crafts, the pay
code is displayed in the Premium Pay table window of new crafts.