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Can hourly rates stipulated in contract differ from actual employee salaries?

April 26, 2017actual contract differ employee Hourly rates salaries stipulated

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Can hourly rates stipulated in contract differ from actual employee salaries?

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Yes, ArchAdministrator tracks employee time sheet (direct personnel expenses) data in three separate ways: 1. “Actual Hourly Wage” paid to the employee. 2. User defined “Hourly Cost” that includes provisions for office overhead, benefits, vacations, etc.. 3.”Contract Wages” – hourly rates stipulated in the Proposal/Contract for each employee title.