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 (i.e., pay codes having a Salaried Usage 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 (i.e., 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.