For one employee:
For multiple employees:
- Expire the old pay type.
- Add a new pay type.
Or Use Change Compensation Wizard:
- Records, Employees, Open Employee record and select Compensation/Deductions Tab
- Click Change Compensation
- Select Assign new pay type from the "What do you want to do?" drop down
- Select the correct pay type to adjust from the Pay type ID drop down
- Mark the box to expire the same pay type and enter the correct Effective end date
- Click the Edit this Pay type button, make the necessary adjustments, Save and Close
- Click Ok in the Change Compensation Wizard window