Bonus

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(Created page with '{{page.name: Core Human Resources: Employee Benefits - Subscribe-HR Wiki}} {{page.head: Bonus}} __TOC__ ==Assigning Bonus to an Employee== When assigning benefits to an employe…')
(Assigning Bonus to an Employee)
 
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==Assigning Bonus to an Employee==
==Assigning Bonus to an Employee==
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When assigning benefits to an employee you are assigning a benefit from the Benefits repositary. On assigning the benefit you are able to select the period and cost of the benefit.
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When assigning a Bonus to an employee you are assigning a Bonus to their Employee / Bonus Sub Folder.
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# After logging into the Subscribe-HR HCM Platform, select "HUMAN RESOURCES" on the left hand side from the navigation area.  
# After logging into the Subscribe-HR HCM Platform, select "HUMAN RESOURCES" on the left hand side from the navigation area.  
# Select the Employee folder.
# Select the Employee folder.
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# Select the Employee you wish to assign the benefit to.
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# Select the Employee you wish to assign the Bonus to.
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# Select the Benefits sub-folder from the left side menu.
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# Select the Bonus sub-folder from the left side menu.
# Select the <b>[Add New Record]</b> button.
# Select the <b>[Add New Record]</b> button.
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# Select the <b>Start Date</b> by selecting inside the Start Date field.
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# Select the <b>Payment Date</b> from the Payment Date Date selector.
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# Select the <b>To Date</b> by selecting inside the End Date field.
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# Select the <b>Type</b> from the drop down. E.g. Bonus based on Performance Review. Generated from the Remuneration Modelling Tool. You can create your own Bonus Types in the Code Library area: Bonus Type option. Bonus Type can also be created from the Remuneration Modelling Tool.
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# Select the <b>Type</b> from the drop down.
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# Enter the <b>Bonus Amount</b>. This is a numeric value only Example: $900.00
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# Enter the <b>Cost</b>. This is a numeric value only Example: 900.00
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# Enter the <b>Taxable Amount</b>. This is a numeric value only Example: 90.00
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# Enter the <b>Company Funded Amount</b>. This is a numeric value only Example: 700.00
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# Enter the <b>Employee Funded Amount</b>. This is a numeric value only Example: 200.00
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# Select the <b>Save</b> button.
# Select the <b>Save</b> button.
<b>Fields marked in bold are mandatory and must be filled in before the benefit can be saved</b>
<b>Fields marked in bold are mandatory and must be filled in before the benefit can be saved</b>

Current revision as of 02:17, 8 May 2020

Contents


Assigning Bonus to an Employee

When assigning a Bonus to an employee you are assigning a Bonus to their Employee / Bonus Sub Folder.

Assigning Benefits

  1. After logging into the Subscribe-HR HCM Platform, select "HUMAN RESOURCES" on the left hand side from the navigation area.
  2. Select the Employee folder.
  3. Select the Employee you wish to assign the Bonus to.
  4. Select the Bonus sub-folder from the left side menu.
  5. Select the [Add New Record] button.
  6. Select the Payment Date from the Payment Date Date selector.
  7. Select the Type from the drop down. E.g. Bonus based on Performance Review. Generated from the Remuneration Modelling Tool. You can create your own Bonus Types in the Code Library area: Bonus Type option. Bonus Type can also be created from the Remuneration Modelling Tool.
  8. Enter the Bonus Amount. This is a numeric value only Example: $900.00
  9. Select the Save button.

Fields marked in bold are mandatory and must be filled in before the benefit can be saved

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