I am trying to understand the 'End Date' concept. Wouldn't the 'New' [Effective Date] be the ending for the last Rate? For Example
EMPID_____________RATE______________EFFECTIVE DATE
J.DAWN___________$6200__________________9/1/17
J.DAWN___________$7200__________________4/1/18
In the table above 3/31/18 would be the 'End Date' that the Rate of $6200 is used, right?
This is how I've setup my Employee Rates Table.
The proper answer is "Maybe".
Employee 1 has a rate of $6200 as of 9/1/17.
Employee 1 stops working as of 11/30/17.
Employee 1 start working as of 2/1/18.
Having an end date lets you know there is NO PAY RATE for the period 12/1/17 to 1/31/18 without needing a "zero value" entry. In most cases this would not be needed but allows for special situations.