My company pays out Bonus at the end of the year for all employees. Bonus is calculated as 8.33% of Basic Pay earned during the year. Now, let me show you how easy it is to calculate Bonus for all employees.
Add employees eligible to the Bonus and as the employees are added AttendHRM will calculate their bonus.
If you want to change the Bonus Formula or the period, recalculate the Bonus after the change.
When you are done with the calculations, Lock the Bonus in order to prevent accidental changes in the future.
The Bonus module makes it easy to calculate bonus for all your employees in one shot. You can calculate multiple Bonuses monthly, quarterly, yearly or for any period you choose.