| This pay component field defines rates of pay. The system inserts any compensation information that is associated with this rate code in the pay components grid. |
| Field Characteristic | Description | ||||||||||||||||||||||||||||||
| Valid Value Rule(s): | A RATE CODE must exist for every Job Data row (cannot be left blank), including non-employees.
For CHRS: CMS will be adding 4 additional Comp Rate Codes to track Dept Chair Stipends and GRIF amounts. | ||||||||||||||||||||||||||||||
| Format: | Char6 Look Up | ||||||||||||||||||||||||||||||
| Navigation: | Workforce Administration > Job Information > Job Data > Compensation tab > Pay Components section | ||||||||||||||||||||||||||||||
| Field Name: | COMP_RATECD | ||||||||||||||||||||||||||||||
| Setup Table Name: | COMPRT_GRP_TBL | ||||||||||||||||||||||||||||||
| Setup Table Navigation: | Setup Up HCM > Foundation Tables > Compensation Rules > Rate Code Groups | ||||||||||||||||||||||||||||||
| Impacted Fields: | Under Multiple Components of Pay, the Comp Rate Code is one of the fields used to calculate the Compensation Rate. | ||||||||||||||||||||||||||||||
| Impacted Processes: | None | ||||||||||||||||||||||||||||||
| System Audits: | None |