Sometimes, my employees work beyond planned hours and then I want to pay them for their extra work. I want this overtime calculation to be fully automated and paid along with employee salaries. This help document describes how you can configure Lenvica HRMS to get this done. Step 1: [...]
A muster roll is a document or list that records the attendance and sometimes other information, such as pay or conduct, of employees for a specific period. It is used to ensure that all employees are accounted for and to track attendance for pay and other purposes. A muster roll is typically taken [...]
A leave encashment policy is a set of guidelines or rules established by an employer that outlines the process and conditions for an employee to receive payment for unused or accumulated leave days usually at the end of an year or at the time of their termination, retirement, or resignation from a company. [...]
A restricted holiday is a holiday that is limited in its availability or usage, usually by an organization or an employer. It is often used to refer to holidays that are only given to certain employees or groups of employees, based on their job role, seniority, or other factors. [...]
Leave encashment refers to the practice of paying an employee for unused or accumulated leave days usually at the end of an year or at the time of their termination, retirement, or resignation from a company. This means that an employee can receive payment for the unused vacation days [...]
Disciplinary action refers to the measures taken by an employer against an employee for violation of company policies, rules, or standards of conduct. Disciplinary action can range from verbal or written warnings, to suspension, demotion, or termination of employment. The purpose of disciplinary action is to correct behavior or [...]
Lateral hiring refers to the process of recruiting employees who already have experience in a specific field or industry, rather than hiring entry-level candidates or promoting from within. The term is often used to describe the hiring of experienced professionals from other companies, rather than recruiting fresh graduates or interns.This type of [...]
Professional fees refer to the charges or payments made for the services of professionals such as lawyers, accountants, consultants, and other specialized service providers. These fees are typically charged on an hourly, daily, or project basis and are based on the complexity and duration of the services provided. They are [...]
A salary breakup refers to the breakdown of an employee's salary into different components, such as basic pay, housing allowance, travel allowance, and various deductions. It is a detailed breakdown of the various elements that make up an employee's total salary package. It typically includes the gross salary, basic salary, various allowances, deductions, [...]
Statutory compliance refers to the adherence to laws and regulations set forth by government agencies. This can include compliance with labor laws, taxes, health and safety regulations, and environmental protection rules. Businesses and organizations must follow these rules in order to avoid penalties or legal action. [...]