Blended OPE Calculation Steps
1. Reduce the Gross Salary by the relevant Average Leave Adjustable rate and any compensation from Excluded Earn Codes to calculate the Adjustable Base Salary.
Adjusted Base Salary = Gross Salary - Average Leave Adjustable rate - Excluded Earn Codes
2. Multiply the Adjustable Base Salary by the applicable Blended OPE rate. This returns the OPE Cost of the employee.
OPE Cost = Adjusted Base Salary * Blended OPE rate
3. Add the Adjusted Base Salary to the OPE Cost to arrive at the Total Cost of the Employee, Salary and OPE.
Total Cost of Employee = Adjusted Base Salary + OPE Cost