The manner in which a rate is structured depends upon what information an organization needs visibility into.
Basic Rate Structure
The structure of a basic Rate rate type, for example, is relatively simple because it does not provide visibility into its use. A Bill Rate Based or Pay Rate Based, in contrast, reveals to buyer organizations the manner in which the costs of its external workforce are derived.
Thus, the more visibility an organization wants into the costs of procuring external workers or services, the more complex the structure of the rates become.
Elements of a Rate Structure
The different rate types available in SAP Fieldglass are built to allow for variances in the way companies calculate pay for external workers, but they aren’t themselves rates that can be associated to Job Postings.
Regardless of the rate type that is needed, a rate itself must be structured to suit an organization’s individual needs and workflows, as well as to accommodate the various suppliers that it may partner with.
Thus, for most rates to be useful, they must contain at least four elements before they can be associated to Job Posting Templates: a Rate Category, Rate, Rate Group, and Rate Grid.
However, for most organizations, there’s a common fifth element: Rate Components. And because rate components cannot be associated to rates directly, a necessary sixth element is the Rate Component Group. So realistically, a typical rate structure will contain at least these six elements.