Employee Salary
Employee Salary
The Employee Salary section facilitates efficient management of employee compensation and salary-related information. Key features and functionalities include:
- Employee Salary Cycle: Specifies the frequency at which salaries are paid to employees, whether it’s monthly, yearly, or another interval.
- Salary Group: Allows grouping of employees based on similar salary structures or other criteria for simplifying management and administration.
- Allow Payroll to Generate: This enables you to control whether payroll should be automatically generated for a particular employee or if manual intervention is required.
Add Salary
To add or update salary details for an employee:
- Click on “Add Salary”: Initiates the process of adding a new salary detail for the selected employee, prompting the display of a form for data entry.
- Fill in Required Details: Enter essential information such as Annual CTC (Cost to Company), which serves as the basis for calculating other salary components.
- Automatic Calculation: Other salary components, calculation types, monthly amounts, and annual amounts are automatically computed based on the input provided, streamlining the process and ensuring accuracy.
This section offers comprehensive functionality to manage and update employee salaries efficiently, with built-in automation to simplify complex calculations and ensure compliance with organizational policies and regulations.
