Retro Pay by Element in Oracle HRMS Payroll

Retro Pay Setup in Oracle Payroll

What is retro pay??

Retro pay is usually run for back dated increments or promotions to be paid in the current period. For instance, in a company, Increment arrears are paid two months after the increment period, so we need to run retro pay to make this payment in current period.

How do we do it??

1) Create an Event Group. See How to create Event Group

2) Attach it to the Element --> Recalculation Tab

3) Make a back dated salary Increment

Consider we are currently running the payroll for period Mar-10 and we made a salary increment in the period Jan-10and payroll for Jan-10 and Feb-10 is already run.

                        

4) Create assignment set 

Create assignment set to include your desired list of employees for which you want to pay increment.

See How to create Assignment Sets

5) Create Element Set

You may include the elements for which increment are paid. Differential amount (Arrears) will be shown separately for each element, as represented by process name "Retro pay by element"

6) Run Concurrent Program "Retro Pay by Element"

 7) View Element Entries

Global HRMS Manager --> People --> Enter & Maintain --> Assignment --> Entries

As you can see there are 3 entries for Proration Element (Proration formula used) for JAN-10

                           

Proration formula is run for the period JAN-10, See How to use Proration formula

Differentials:

JAN-10      4,193

FEB-10      10,000

MAR-10    10,000

I hope this post is helpful for you.