Oracle HRMS Functional Document

Fast Formula's

Part 8: Method1

Using Default Hours and Amount

This Document is created only for Class Room Training Purpose

By

Regintala Chandra Sekhar

ora17hr@gmail.com

UK PAYROLL

2

Regintala Chandra Sekhar Email ID: ora17hr@gmail.com

If you have any queries regarding this document please see the Parts 1,2,3,4,5,6 and 7 documents Set the Date: 01-Jan-2013 and check the Payroll Process Result if you have any runs roll back it

Method 1: Fast Formula Using Default Hours and Amount Fast Formula : They are the easiest Way of Entering input values by using some techniques and equations INPUT VALUE ------------- Inputs are Hours , Amount DATA TYPE ------------ Default for Hours is 270 Default for Amount is 100 CONSTRAINTS ------------- Total = Hours * Amount RETURN VARIABLE ------------- Return Amount

Step 1: Creation of Element for the Fast Formula

Step 2: Link it to Payroll

Navigation Path

UK PAYROLL

3

Regintala Chandra Sekhar Email ID: ora17hr@gmail.com

Step 3: Write Fast Formula for the Element 1 and verify it and save it

/*****************************************************************

Formula Name: Fast Formula Method 1

Description: Formula to Calculate the Hours * Rate

Effective Start Date: 01/01/0001

Effective End Date : 31/12/4712

******************************************************************/

Inputs are Hours, Amount

Default for Hours is 180

Default for Amount is 45

Total=Hours*Amount

Return Total

/****************************End********************************/

UK PAYROLL

4

Regintala Chandra Sekhar Email ID: ora17hr@gmail.com

Step 4: Assign the element to the formula results query the existing element and in processing rule assign the formula to it

Save it

Step 5: Assign the fast formula element to the employee

UK PAYROLL

5

Regintala Chandra Sekhar Email ID: ora17hr@gmail.com

Step 6:Run the Payroll process for the UK: Submit the request

Step 7:View Result: View:Payroll process results and find you employee and click on the assignment process and select your employee and see SOE Report (Total= 180*45=8100)

Thank You....

Regintala Chandra Sekhar

You can get more documents on my blogger: http://ora17hr.blogspot.com