Edit Payset - A summary of the activity

Employees having a similar pay structure are logically grouped together to form a payset. Examples could be senior managers’ payset, staff payset, etc. Similarly, when different pay elements maintain similar inter-relationships within employees’ pay structure, such as the HRA forming 50% of the Basic, these employees can also be logically grouped together to form a payset.

Each payset is identified with a code and description, and the specification of the payroll to which the payset is attached. The typical characteristics of the payset are also specified, such as the minimum take-home pay specifications, the currency in which the employees must be paid and the rounding off method applicable.

What You Can Edit: For the record selected in the previous page, you can edit

•  The description of the payset

•  The round type and round factor

•  Minimum take home pay

•  Org Unit Mapping

Minimum Take Home Pay: This refers to the minimum amount that an employee can take home, despite any deductions that exceed his net payable salary. The minimum take home amount in a payset depends on the statutory regulations of the country. These regulations ensure that the employee’s deductions, statutory or otherwise, do not encroach into his minimum take-home pay amount. If it does, it can be specified that

• The amount must be deducted partially. The remaining amount will be automatically carried over and recovered in the next payroll process, or

• The full amount must be carried over to the next process period for recovery.

You can determine the minimum take home pay amount in three ways:

•  Specify the amount of salary

•  Specify a percentage on the Gross Pay

•  Define a rule based on which the take-home amount is calculated

The rounding off method applicable: The round factor is the value or unit to which salaries can be adjusted or rounded off. A round factor can be of four types.

• Floor type: In this type, the salary is rounded off to the next consecutively lower value that you defined as the round factor.

• Ceiling: In this type the salary is rounded off to the next consecutively higher value that you defined as the round factor.

•  Actual: The salary remains the same without being rounded off.

• Nearest: In this type, the salary is rounded off to the nearest whole number.

For example, if the net salary of an employee = $4544.43 and the Round Factor = 10, the value will be as follows:

•  In “Floor“, the net salary is $4540.

•  In “Ceiling“, the net salary is $4550

•  In “Actual“, the net salary is $4544.43

•  In “Nearest“, the net salary is $4540.

Translation of Record in Chosen Language: You can also translate the details of the payset into any language that is listed in the “Language” drop-down list box.

Getting familiar with the pages inside

Prerequisites  

Payset must have been created in the “Create Payset” activity.

What you can do in this activity  

Edit the details of the payset

Edit Organization unit mapping

Translate the details in another language

Delete a payset

Edit the details of the payset  

You can modify the details of the payset.

•  Select a payset in the  “Select Payset to Edit” page.

•  Select the “Edit Payset” to modify the description and other details.

Edit Organization unit mapping  

• Use the “Edit org. Unit Mapping” page to modify the applicability to various organization units

Translate the details in another language  

•  Enter the “Edit payset” page to transalate the details in another language.

•  Select a language in which you want to save in the “Save in Language” drop-down list box.

Delete a payset   

• Select the payset in the “Select Payset” page.

• Enter the “Edit Payset” page and select the “Delete” task button to delete the payset from the database