Use this option to add, change, and delete records that store rates for employer-paid Workers' Compensation insurance premiums. These records, originally defined in the Workers' Comp table in Human Resources, establish categories for classifying employees and setting the benefit amounts paid.
Workers' Comp records are assigned to job classes, which in turn are assigned to employees and vacant positions in Personnel Budgeting's Pay Rate Information page. The application of a premium also depends on the Subject to Workers' Comp flag in the Payroll tab of the Pay Code Table page.
The Workers' Compensation Table report includes codes, titles, rates, and the fringe accounts used to distribute premiums. The report's default name is pwkrtabl.rpt.
For the steps for adding, updating, deleting, and printing table records, refer to Table Options and Procedures.
Menu Path: Personnel Budgeting > Reference Tables > Reference Tables > Workers' Comp Table
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Fields |
Description |
|---|---|
|
Workers’ Comp Code |
Code identifying a Workers’ Comp record. These records classify employees for the purpose of calculating Workers’ Comp premiums in payroll processing. |
|
Title |
Title or description of the Workers’ Comp record. Character/25 |
|
Rate |
Rate used to calculate the insurance premium paid by the employer. Enter the percentage as a decimal; for example, .015000 equals 1.5%. |
|
Fringe Expense Acct |
Number identifying the expense account for distributing Workers’ Comp premiums. Workers’ Comp distributions default to the benefit charging method of A - All Pay Rates, which includes both primary and secondary rates. |