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Hrms Fastformula
Hrms Fastformula
Oracle Fast Formula is a simple way to write formulas using English words
and basic mathematical functions. You can use information from your
database in formulas without learning the database structure or a
programming language.
9.Set up business rules and call them from other PL/SQL applications
11.Collective agreements
b)All Oracle Payroll users can use Fast Formula to write payroll calculations
and skip rules for elements you define yourself to represent earnings and
deductions.
7. Absence Duration:
You can write a formula to calculate the duration of an absence from the
start and end dates and times. Your localization team may have created a
default formula, but you can override this with your own version.
9.Set up business rules and call them from other PL/SQL applications:
You can call formulas from PL/SQL applications. This enables direct access to
data items and makes it possible to develop custom code for localized
business rules. More detailed information about calling Fast Formula from
PL/SQL can be found in the technical essay Calling Fast Formula from
PL/SQL.
You can:
a)Define how workforce should be counted within your enterprise for the
Workforce reports.
b)Set up information about how you want to record and report on regular
and overtime hours for the Hours Worked Analysis report.
c)Set up the standard hours for your enterprise for the Absence Analysis
report.
11.Collective agreements:
Using formulas you can calculate whether a person is eligible to receive a
collective agreement entitlement. This can be used when defining an
eligibility profile to be used in conjunction with a collective agreement,
instead of selecting criteria elements. You select the formula as a rule when
defining the eligibility profile.
Note: When you write a formula, you specify for which of these purposes
you will use it.
i)Basic Element:
Click on input values.
ii) DA Element: (fast formula is assigned to this element)
Click on input values.
Step5 : Link the Elements with the Payroll
i)Basic Element:
ii) DA Element:
Step6: Define Salary Basis
ii) Nav: Processes and Reports > View Requests > Find
Select the Payroll(for specific Period) run and Click on “Assignment Process
Button”
Select the Employee for whom you have run the payroll and click on “SOE
Report” to view the Pay Advice Report.