To set-up the different rates for employee reimbursement options you define global value. Here in this example I will define a global value called XX_TRAVEL_RATE, where xx is your group identifier. Enter a value for the amount of money paid per mile or kilometer for reimbursement of business travel expenses. The screenshot is itself self explanatory.
Follow the simple steps for defining a Global Value
1. Navigate to the Globals window using your local Super HRMS Manager responsibility. Total Compensation > Basic > Global Values
2. Set the effective date to 1 January 2000.
3. Enter the name XX _TRAVEL_RATE, where XX is your group identifier.
4. Enter a description, like ‘Travel reimbursement rate per mile’ just for an easier identification.
5. Select Number in the Type field.
6. Enter a value, such as 7.5.
7. Save your work.
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16 December 2008
How to Define or Setup Global Value in HRMS
Labels: Fast Formula, Oracle HRMS
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