WageType
The business object Wage type is a dividing up of payments or
deductions. They are divided up according to the reason for the payment
or deduction and, if necessary, other criteria concerning personnel
administration, payroll , or cost accounting (such as several wage types for different types of hazardous or unpleasant work).
Structure
Wage types are subdivided into primary and secondary wage types.
Comment
Payments represent remuneration for work performed by an employee (for
example, standard pay, standard bonus) or guaranteed benefits granted
by the employer (for example, company pension, rent allowance).
Deductions reduce the amount of agreed payments effected to an
employee. Deductions can be made on the basis of official regulations
(such as tax laws and social insurance regulations) or on the basis of
contractual agreements (such as deductions for the use of a company
car, savings schemes, capital formation savings plans). Deductions can also be made on a voluntary basis (such as union dues).
Example
- standard pay
- standard monthly wage
- standard hourly wage
- non standard pay
- standard bonus
- voluntary bonus
- cost of living adjustment
- merit bonus
- company pension
- widow's pension
- early retirement
- flat rate for overtime
- works council bonus
- deduction for lunch
- deduction for company car
- deduction for savings scheme
- deduction for capital formation savings scheme
- total gross amount
- gross amounts for taxes (distinguished one from the other according
to whether they are payments made on a regular basis, once a year, or over several years)
- gross amounts for social insurance (gross amounts for pension
insurance, health insurance, and unemployment insurance distinguished
one from the other according to whether they are regular payments or other payments)
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