Mid Year Contract Change- Retro Spread Over Remaining Pays

Owned by Lori Miller
Aug 10, 2022
1 min read

Mid Year Contract Change- Retro Spread Over Remaining Pays:

-New Compensation Pays in Contract equals Old Compensation Pays in Contract minus Old Compensation Pays Paid

-Amount to be Earned equals ((Old Compensation Contract Work Days minus Old Compensation Contract Days Worked) times New Compensation Daily Rate)

-Retro Amount equals (New Compensation Daily Rate minus Old Compensation Daily Rate) times Days Since Raise

-New Compensation Amount Earned equals Old Compensation Accrued Wages

-New Compensation Contract Obligation equals Amount to be Earned plus Old Compensation Accrued Wage

-Add Retro Amount to New Compensation Amount Earned

-Add Retro Amount to New Compensation Contract Obligation