Business Hours Factor

This factor is used to accommodate cases where the number of Business Hours in a period varies from the Dilution Hours by weighting each business hour so that any excluded hours (ie pay codes having an Exempt Status of "Standard Pay (Undiluted)" or LWOP) count for an appropriate proportional deduction.

• An example case where this may be applied is a semi-monthly time period in the last half of February.   
• • The default Work Hours for a standard semi-monthly time period is 86.67 hours (for every semi-monthly period), however, each specific semi-monthly time period will have a varying number of hours (ie last semi-monthly time period in Feb 2017 has 72 business hours).
• This value is calculated as (Expected Work Hours / Actual Business Hours).  
• • For the Feb 2017 semi-monthly time period cited above, the factor would be 86.67/72 or 1.20375.
  • For time periods such as Weekly, the number of Expected Work Hours and Actual Business Hours will be the same resulting in a factor of 1 (which is have no effect on the dilution calculations).
• In the event that Business Hours is zero, the Business Hours Factor will be set to one.