Select Salary Period
Explanation
Salary period selection option can be found in the "Salary Revision
Summary" section of Salary Revision Request. By default the salary period
pertaining to the employee's base salary is fetched. The default salary
period can be changed as needed. Salary period field shows the salary
periods belonging to the company which are defined in the Salary Rate,
Frequency and Period page. When the salary period is changed the amounts
shown for the fields 'Current Total Salary', 'Proposed Increment' and 'Proposed Total Salary' are adjusted accordingly.
The amounts of these fields are shown in the company currency.
The fields Proposed Increment, Proposed Increment % and Proposed Total
Salary are updated based on the changes done to Compensation Details. The
amount and percentage fields of Salary Revision Summary can be defined as
follows:
- Current Total Salary - The employee's current total
salary package. Carries the total of all valid compensation types.
- Proposed Increment - The increment amount proposed
for the employee. Carries the total of all proposed increments (of
compensation types).
- Proposed Increment % - The proposed increment as a
percentage of the current total salary.
- Proposed Total Salary - The total of the current
total salary and the proposed increment.
Prerequisites
- Companies should be defined along with the currency details.
- Currency Rate information should be defined and maintained for the
company.
- Compensation Types should be defined for the company.
- Salary Periods should be defined for the company and the Per Annum
Ratio defined for each.
- Compensation Types should be assigned to the employee and the salary
details maintained.
System Effects
- Once a Salary Period is selected the Current Total Salary, Proposed
Increment and Proposed Total Salary field amounts are recalculated
accordingly.