The MXP Payroll module calculates and records the wages for employees. Onboard ships contracts are in most cases as per assignment (seasonal), small percentage do have 12 month contracts. Contract templates are setup in Position maintenance, where a position can have multiple contracts. Wage components are the individual pay elements with GL accounting setup.
The payroll is being automatically calculated based on the assigned contract, using the wage type, UOM, payment frequency, amounts setup.
While certain wage components are based on the contract like basic wage, vacation pay, guaranteed overtime, etc. and will be automatically calculated, other wage components are being updated throughout the month like cash advances, travel expenses, bonuses, gratuities, overtime, wire transfers, etc.