Patent ID: 6850905

Claim:
A payroll system for determining compensation of employees for work during a pay period on one or more projects, said system comprising: a) an interface to a database comprising: information on units of estimated labor cost for completing each of said projects; b) means of determining a company factor, and an employee factor for each employee; c) an interface for entering project information for each project on which employees work, including units of estimated labor costs, employee information, information on projects completed by each employee, hours worked on each project by each employee, overtime information for each employee and compensation base rate for each employee and compensation base rate for each employee; d) one or more programs embedded in a computer-readable medium, which calculate minimum employee compensation amount based on each employee's compensation base rate times the number hours worked by the employee on the project, and calculate the unit rate compensation amount for each project undertaken by each employee based on the units of estimated labor costs for each said project times company and employee factors; e) means for determining whether the employee has an outstanding debit account amount for previous pay periods; and f) means for utilizing the minimum employee compensation amount, the unit rate compensation amount for each employee, and the outstanding debit account amount for that employee to determine each employee's debit account the pay period and to determine whether each employee's debit account amount should be adjusted.