Change a prevailing wage rate in Client Payroll Manager

The prevailing wage rate for each type is based on a survey of the wages local companies pay for similar work done at 100% productivity. These rates may change over time.
  1. In CPM, from the Tools menu, select Lookups.
  2. In the list of Lookups, double-click Prevailing Wage Type. This window will display:prevailing wage type lookup
  3. Select the prevailing wage type you need to change. You can use the Search Title box if you have a lengthy list.
  4. Click the History tab at the top left of the box.
  5. Click the Add button on the right side. A new record is created. Important: Always add a new record when updating so you do not lose your wage history.prevailing wage type history
  6. Enter the date that the new rate begins. You can enter a future date.
  7. Enter the new rate (no $ needed).
  8. Complete the discretionary %, if necessary.  The discretionary % inflates the base rate by the defined percentage so that you always pay a certain percentage over the actual prevailing rate.  If you want to pay the actual prevailing rate, leave discretionary % at 0.
  9. The Wage Basis field shows the prevailing wage rate calculated with the discretionary percentage, rounded to the nearest .01.
  10. Click OK to save the new record.
Scroll to Top
Skip to content