Salary Rate

The salary rate estimate option field contains 3 selection fields:

blank (empty)

The salary type will be recorded WITHOUT hourly or daily rate (e.g., reporting salary types, mileage allowances, expenses, etc.)

Salary rate

This choice will be used for wage types in which the number of hours x hourly wage rate (e.g., hourly wage, overtime/flexitime/holiday pay, etc.) should be always estimated.

Daily rate

Instead of the hourly rate approach, the daily salary rate will be calculated and used in the reporting. The calculation is done either via 360/365 or 261 days (this is set up in the payroll Setup under: tab ‘Setup’ -> field Daily rate for salary rate).

This selection has now been expanded to 261 days (21.75 days/month). These 261 days/year or 21.75 days/month correspond to the average working hours.

The calculation of the daily rate is as follows:

Hourly salary rate x Monthly items x 12 / 360 or 365 or 261 days = Daily salary rate

Example of an hourly salary rate of CHF 23.60 and 176h per month:

CHF 23.60 x 176h x 12 / 360 days = CHF 138.45

CHF 23.60 x 176h x 12 / 365 days = CHF 136.55

CHF 23.60 x 176h x 12 / 261 days = CHF 190.95