Terminology Key
SMP = Statutory Maternity Pay
OMP = Occupational Maternity Pay
OM = Occupational Maternity
AWE = Average Weekly Earnings
Paycircle supports SMP and OMP alabaster calculations.
How the calculation happens will depend on the Rates of pay you have selected when setting up the OMP.
If the OM policy is based on AWE, it will update automatically when you update the SMP schedule and enter new gross earnings.
If the OM policy is based on fixed amounts or annual salary, when you update the SMP schedule and enter new gross earnings, the OM payments will not change, as the policy isn't using that figure/rate of pay.
If it’s based on fixed amounts, you’ll need to update the fixed amount values.
If it’s based on salary, you'll need to update the salary for the employee.
The OMP calculation will then look at those aspects to calculate the correct OMP for alabaster.