This feature allows the Admin user to define Salary construct or components based on organizational requirements. The salary component would vary based on the type of work, region, employment type, or any other requirement an organization might have. The setup could be done easily by following the below steps.
To view the salary components list, go to HR Administration > Job > Manage Salary Components from the Main Menu.
Step 1 – Click on the ‘Add’ button. Then the Add Salary Component Screen will appear.
Step 2 – Complete the following Fields of the screen.
|
Field |
Description |
|
Component Name |
The name of the Component |
|
Type |
Choose from the options:
|
|
Add to |
Choose from the options:
Both can be considered earnings for an employee, but the total payable is the amount that the employee receives in cash. |
|
Value Type |
Choose from the options:
|
Step 3 – Click Save. The new component will appear in the list.
Refer to the following article to view how the salary components are displayed in the employee profile.