| Employee’s actual salary rate, adjusted for FTE. For base rate of pay, see Comp Rate. |
| Field Characteristic | Description |
| Valid Value Rule(s): | This pay component display field is generated by the system based on the multiple components of pay. The pay reflected is expressed in a monthly or hourly rate (Compensation Frequency) If salaried: Compensation rate = Comp Rate X FTE If hourly and Comp Rate is paid on a monthly basis: Compensation rate = Comp Rate ÷ 173.33 If hourly and Comp Rate is hour: Compensation rate = Comp Rate If Immediate Pay and Comp Rate Code = Daily: Compensation rate = $0 |
| Format: | Num12.6 |
| Navigation: | Workforce Admin > Job Information > Job Data > Compensation tab |
| Field Name: | COMPRATE – stored in Job Data (Comp Rate also is COMPRATE and is stored in Compensation Data) |
| Setup Table Name: | None |
| Setup Table Navigation: | N/A |
| Impacted Fields: | If Comp Rate is changed, Apply FTE, and Comp Rate will determine the Compensation Rate after Calculate Compensation is clicked. Impacted by Faculty Fraction field (if populated). |
| Impacted Processes: | N/A |
| System Audits: | None |