Click the Default Pay Components button. This will default the Rate Code and the bottom Frequency, when the employee is initially hired. For monthly employees, this also calculates the top compensation rate correctly based on FTE.
Verify or edit the top Frequency. The top Frequency will populate correctly for employees with a Rate Code of NAHRLY, however all employees with a Rate Code of NAANNL will need to be changed to either 9M or M based upon the employee's pay basis. (reference Comp Rate Frequency in HRS).
Click the Calculate Compensation button.
Verify the Compensation Rate (in the top Compensation section) is correct.