CLIAMS:1. A computer implemented method for pay code configuration, the method comprising:
obtaining, by a parameters determination module (114), one or more pay code parameters and one or more eligibility parameters, wherein the eligibility parameters indicate eligibility criteria for an employee to be eligible for remuneration corresponding to a particular pay code, as a part of the employee’s net pay, and wherein the pay code parameters are used for computing the remuneration corresponding to the particular pay code for the employee;
generating, by the processor (104), an eligibility rule based on the eligibility parameters, wherein the eligibility rule are used for determining whether the employee is eligible for the remuneration corresponding to the particular pay code;
defining, by the processor (104), a pay code calculation formula based on the one or more pay code parameters, wherein the pay code calculation formula is used for calculating the remuneration; and
mapping, by a configuration module (116), the eligibility rule and the pay code calculation formula to a payroll system of an organization for configuring the particular pay code, wherein the eligibility rule and the pay code calculation formula are used by the payroll system for determining eligibility and remunerations of the employee for the particular pay code.
2. The method as claimed in claim 1, wherein the method further comprises determining, by the parameters determination module (114), sub-parameters corresponding to the one or more pay code parameters, wherein the sub-parameters include at least one of a parameter type, a parameter name, a query, a parameter value field type, and an LOV query.
3. The method as claimed in claim 1, wherein the generating comprises determining, by the configuration module (116), values of one or more rule sub-components, and wherein the one or more rule sub-components include at least one of a pay code name, a pay code output, eligibility parameter, a mathematical operator, and a parameter value.
4. The method as claimed in claim 1, wherein the defining comprises determining, by the configuration module (116), relationship between the pay code parameters using one or more formula sub-components, and wherein the one or more formula sub-components include at least one of a priority, a calculation function, a mathematical operator, and a parameter value.
5. The method as claimed in claim 1, wherein the mapping further comprises associating, by the configuration module (116), the pay code calculation formula with the eligibility rule for configuring the pay code.
6. A pay code configurator (102) comprising:
a processor (104);
a parameters determination module (114) coupled to the processor (104) to:
obtain one or more pay code parameters and one or more eligibility parameters from an organization, wherein the eligibility parameters indicate eligibility criteria for an employee to be eligible for remuneration corresponding to a particular pay code, as a part of the employee’s net pay, and wherein the pay code parameters are used for computing the remuneration corresponding to the particular pay code for the employee; and
a configuration module (116) coupled to the processor (104) to:
generate an eligibility rule based on the eligibility parameters for determining whether the employee is eligible for the remuneration corresponding to the particular pay code;
define a pay code calculation formula based on the one or more pay code parameters for calculating the remuneration; and
map the eligibility rule and the pay code calculation formula to a payroll system of the organization for configuring the pay code.
7. The pay code configurator (102) as claimed in claim 6, wherein the parameters determination module (114) further determines, sub-parameters corresponding to the one or more pay code parameters, wherein the sub-parameters include at least one of a parameter type, a parameter name, a query, a parameter value field type, and an LOV query.
8. The pay code configurator (102) as claimed in claim 6, wherein the configuration module (116) further determines values of one or more rule sub-components, and wherein the rule sub-components include at least one of a pay code name, a pay code output, an eligibility parameter, a mathematical operator, and a parameter value.
9. The pay code configurator (102) as claimed in claim 6, wherein the configuration module (116) further defines relationship between the pay code parameters using one or more formula sub-components, and wherein the one or more formula sub-components include at least one of priority, calculation function, mathematical operators, and parameter value.
10. The pay code configurator (102) as claimed in claim 6, wherein the configuration module (116) further associates the pay code calculation formula with the eligibility rule for configuring the pay code.
11. A computer-readable medium having embodied thereon a computer program for executing a method comprising:
obtaining one or more pay code parameters and one or more eligibility parameters from an organization, wherein the eligibility parameters indicate eligibility criteria for an employee to be eligible for remunerations corresponding to a particular pay code as a part of the employee’s net pay;
generating an eligibility rule based on the eligibility parameters for defining the eligibility criteria;
defining a pay code calculation formula based on the one or more pay code parameters for calculating the remuneration during payroll processing; and
mapping the eligibility rule and the pay code calculation formula to a payroll system of the organization for configuring the pay code. ,TagSPECI:As Attached