Labor Rate Calculation (Valuation: Fringe Cost Rate Calculation)
In this method of labor rate calculation, you use an integrated calculation of the fringe cost rate to reflect the fringe costs in detail. To do this, use the valuation Fringe Cost Rate Calculation.
For maintained master data you can either use company-owned data or FACTON Content. Depending on the calculation context, the following values are determined by the value rules:
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Further information, see: Wages
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The labor rate is not calculated until you have entered a basic wage for the worker in the Details view ► Labor Rate Calculation. Shift premiums, fringe cost, weekend premiums and performance bonuses are added to this basic wage, depending on the location, industrial sector and referenced calculation year.
Labor Rate Calculation with fringe cost rate calculation (Valuation: Fringe Cost Rate Calculation)
- You are logged in as Calculator.
- You are in the Calculations workspace.
- You have opened a calculation.
- You are in the Structure view.
- Select the
Worker or 
Setup Worker you wish to manually enter the labor cost rate for.The Details view opens on the right side.
- In the Details ► General, select the »Fringe Cost Rate Calculation« valuation.
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In the Details ► General, select a labor group.
If respective master data are maintained, the labor costs are calculated. A detailed cost breakdown can be found in the Details ► Labor Rate Calculation.
- Define further properties in the Details view:
| Labor Rate Calculation ► Details Fringe Cost | |
| Number of Working Hours per Day |
 By entering a value for this property, the »Gross Working Time« and »Net Working Times are calculated. |
| Holidays |
By entering a value for these properties, the »Absentee Days«, the »Net Workdays« and the »Fringe Cost Rate for Paid Absenteeism« are calculated. |
| Vacation Days | |
| Christmas & New Year's Leave | |
| Sick Days | |
| Personal Leave Days | |
| Employee Meetings | |
| Training Days | |
| Paid Vacation Days Allowance |
By entering a value for these properties, the »Fringe Cost Rate for Special Payments« is calculated. |
| Christmas Allowance | |
| Capital Formation Savings Payment | |
| Bank Account Administration Allowance | |
| Fringe Benefits | |
| Unemployment insurance | By entering a value for these properties, the »Fringe Cost Rate For Social Security Contribution
« is calculated. |
| Health Insurance Contribution Rate | |
| Longtime Care Insurance Contribution Rate | |
| Pension Insurance Percentage | |
| Employers Liability Insurance | |
| Other Accident Insurance | |
| Insolvency Payment Contribution Rate | |
The Fringe Cost Rate and the Fringe Cost are calculated.