Patent ID: 6681210
Filing Date: 2004-01-20
Classification: G06Q,Y10S

Abstract:
A method of determining employee compensation for services rendered by the employee, comprising:a) providing an interface to an accessible database for storing data on units of estimated labor costs for providing services on each of one or more projects; b) providing a compensation base rate for each employee; c) determining a minimum employee compensation amount for each project undertaken by each employee based on the employee's compensation base rate times the number of hours worked by the employee on the project; d) determining a unit rate compensation amount for each project undertaken by each employee utilizing units allocated to each project, and factors specific for the employee's employer company and to the employee; e) determining whether each employee has an outstanding debit account amount related to previous work for which the employee was paid an amount greater than the employee would have earned if the employee was paid the unit rate compensation amount; f) subtracting the minimum employee compensation amount from the unit rate compensation amount to yield a bonus amount; and g) if the bonus amount is positive and greater than the debit account amount, paying the employee the unit rate compensation amount minus the debit account amount, but paying the employee no lower than the minimum employee compensation amount; and h) if the bonus amount is positive and less than the debit account amount, paying the employee the minimum employee compensation amount, and adjusting the debit account amount for the employee to be equal to the outstanding debit account amount minus the bonus amount; and i) if the bonus amount is positive and equal to the debit account amount, paying the employee the minimum employee compensation amount, and adjusting the debit account amount for the employee to be zero; and j) if the bonus amount equals zero, paying the employee the minimum employee compensation amount; and k) if the bonus amount is negative, paying the employee the minimum employee compensation amount and adjusting the debit account amount by adding the bonus amount to the debit account amount.