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Widget Definition | |
Gross (90 days): | This is the sum of Gross Payroll values from Payroll Statistics for the last 90 days based on the Pay Date. |
Annualized: | This is an Annualization Factor times the known Gross Payroll from Payroll Statistics. The Annualization Factor is calculated by taking the difference count of days between the oldest known Pay Date from Payroll Statistics and today’s date and dividing 360 by 360this count. If the workspace has Payroll dates older than 90 days this defaults to 4. Because this is a calculated factor Annualization factors can be skewed if the workspace contains limited payroll records - for example, if the oldest PayDate in the workspace is from 6 days ago, you will have an annualization factor of 60 (360/6) |
Average Wages: | This is the Annualized Payroll divided by a count of distinct Employees payed in the last 90 days. |
Contract: | This is the sum of Gross Payroll for each WC Code on the current activated Pricing Batch. If not a client it would then use the Gross Payroll sum from the RFP Batch. |
Variance: | This is the difference between the Annualized Payroll and the Contract Payroll. |
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