Pay Rate Change Form For Federal Employees

Category:

Employment - Compensation - Wages and Hours

State:

California

Control #:

CA-JM-0054

Format:

Instant download

Description

The Pay Rate Change Form for federal employees is a key document used to officially record any alterations in an employee's pay rate. It captures essential information such as the employee's name, ID, old pay rates, and new pay rates, ensuring clarity in the transition of compensation. The form requires signatures from the employee, foreman, and owner, indicating mutual agreement on the new pay structure. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to maintain accurate payroll practices and comply with wage regulations. It helps prevent disputes by documenting both parties' consent to changes, thus serving as a legal safeguard. Users are advised to seek legal counsel if they are uncertain about wage and hour rules. The form also stipulates that new pay rates become effective at the start of the next workweek after completion. Proper completion and timely entry of new rates into the payroll system are essential for maintaining compliance and ensuring employee satisfaction.

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FAQ

The SF-50 is the Notification of Personnel Action. It contains certain employment information useful to the applicant or if applying for another federal job. It is used by current and former federal employees.

Federal employees received a 4.6% average pay raise at the start of 2023 and a 2.7% raise in 2022. Biden said the 5.2% pay raise percentage will help attract, recruit and retain a skilled federal workforce.

Hourly and biweekly rates of pay for most Federal civilian employees are computed as required by 5 U.S.C. 5504(b). Hourly rates of basic pay are computed by dividing an employee's annual rate of basic pay by 2,087 hours.

The Standard Form 52 is usually initiated by the office or supervisor who wants to take a personnel action, such as the appointment of an employee; occasionally the personnel office initiates the form.