Lenvica HRMS can fully automate your salary processing. Define your salary, attendance, leave and overtime rules and the salary is processed in accordance with the rules. Once this configuration is done, you will be able to process salary without any efforts.
Follow the steps below to configure the salary system.
Step 2: Create Salary Groups
Once the Salary heads are created, you should group them together to form Salary Groups.
A Salary Group is a collection of Salary heads and is generally called a Salary Structure. In Lenvica HRMS, a Salary Group is created for each group of employees with a similar Salary Structure. Watch the video below to understand how you can create Salary Groups.
As you create Salary Groups, you may have to define formulae. Watch the video below to understand how you can create your own Salary formulae.
A salary group is created for each group of employees with a similar salary structure. For eg: The sales team and the IT team may need two different salary structures. But, at the same time, a part of the salary groups may be similar. You can make a copy of a Salary Group and make necessary changes to create a new one; video below explains how you can copy a Salary Group.
Step 3: Create Salary Cards
Once the Salary Groups are created, you should assign employees to respective salary groups and assign individual values to employees to make Salary Cards. Each employee has his own salary card.
‘Salary Import’ allows you to import data from an excel sheet to Salary Card. Watch the video below to understand how to import data in to Salary Cards.
Step 5: Process Salary
Once the Salary Period is defined, you can process salary for all employees with Salary Cards.
The process creates payslips, salary comparison reports, bank transfer statements, statutory reports, Income Tax Statements, salary reports and so on.
Watch the video below to understand how to process salary for all your employees.
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