Entering the bonus fixed component percentage
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Select the “Performance Based Bonus Percentage (Fixed Component)” link from left pane.
The “Bonus Fixed Component Percentage Based on Performance” page appears.
The system displays following.
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Date Format |
The date format as applicable to the login user. Tell me more |
Enter the following.
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Organization Unit |
From the drop-down list, select the required organization unit. Tell me more |
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Payroll Calendar |
From the drop-down list, select the required payroll calendar. |
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Performance Year |
From the drop-down list, select the performance year for which the profit sharing bonus is being considered. |
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Performance Rating |
From the drop-down list, select the performance rating of the grade set for the appraisal year that is to be considered. The drop-down list displays the values ”Exception”, “Good”, “Above Average”, “Average”, and “Under-Performed”. |
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Payable Period |
The process period in which the bonus element is payable to the employees. Help Available |
The system displays following.
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Performance From |
The starting date of the period of the performance year. |
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Performance To |
The ending date of the period of the performance year. |
Select the “Get” pushbutton to retrieve the existing entries, if any.
Enter / edit the following in the multiline.
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Grade Set |
The unique code that identifies a grade set. Help Available |
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Payable Percentage |
The bonus fixed component percentage that is payable for the performance rating for the grade set. |
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Remarks |
Enter your remarks pertaining to the bonus rates, if any. |
Select the “Save” pushbutton.
The system saves the details entered.
6 Hyperlinked topics below
Use this page to enter or modify the bonus fixed component percentage based on the performance of the employees belonging to the specific grade set.