OU

From the drop-down list box, select the organization structure unit. Mandatory.

Employment Unit

From the drop-down list box, select the employment unit for which you require the grade based salary structure. The system displays "Select” by default on launch of the page. Mandatory.

Grade Set

From the drop-down list box, select the grade set. The combo is loaded with various options including “All”. Mandatory.

Grade

From the drop-down list box, select the grade. The combo is loaded with various options including “All”. Mandatory.

Work Location

From the drop-down list box, select the work location. The combo is loaded with various options including “All”. Mandatory.

Currency

The system displays the currency in which the salary is paid to the employees in “Currency” field.

Duration

Latest duration will be displayed by default. Duration will be blank for a new record.

Periodicity

From the drop-down list box, select the periodicity as ‘Monthly’, ‘Bi-Monthly’, ‘Weekly’ and ‘Yearly’. This is the final periodicity of the entire compensation.

Compensation Amount

Enter the compensation amount.

Percentage of Compensation

Enter the percentage of compensation.

Flexi-Benefit Amount

Enter the flexi benefit amount if applicable which can be varied by employee.

Pay Element Code

The code identifying the pay element. Mandatory.

Help facility available.

Classification

Displays the pay element classification of the selected pay element.

Note: The pay element classified as deductions are not allowed in compensation template.

Description

Displays the description for the entered pay element code.

Value

The value that is payable to the employees of the grade against the specific pay element.

Amount/Percentage/Rule

From the drop-down list box, select any one of the following options:

4   Amount – Indicates the pay element value will be defined as amount.

4   Percentage – Indicates the pay element value will be defined as percentage.

4   Rule – Indicates the pay element value which will be computed based on the specific rule.

Derived Type

From the drop-down list box, select either one of the following derived types if the pay element is defined as percentage:

4   Pay Element – Indicates the pay element amount is derived as a percentage of a specific pay element.

4   CTC – Indicates the pay element is derived based on the CTC.

4   Accumulator – Indicates the pay element amount is derived based on the accumulator.

Derived Type Code

The code of the pay element or accumulator depending on the selection of the Derived Type.

Rule

The rule applicable for computing the pay element amount, if you have selected the option “Rule” from the ‘Amount/Percentage/Rule’ drop-down list.

Periodicity

From the drop-down list box, select the periodicity as Hourly/Monthly/Weekly. This will be the frequency or the periodicity at which the amount will be paid against the pay element.

Conversion Factor

Converts multiline periodicity into header periodicity; this will be the case when both the periodicities are different. In case of same periodicity the conversion factor will be defaulted to 1.

Note: You are allowed to edit this field.

Variable at Employee Level

From the drop-down list box, select either “Yes” or “No”.

4   Yes – Indicates that a different value for the pay element can be specified in the “Record Employee Salary Details” activity (Compensation component) for employees.

4   No – Indicates the contrary.

Flexi-Benefit

From the drop-down list box, select “Yes” or “No” to indicate whether the pay element amount is fixed or variable at employee level.

Option

From the drop-down list box, select either “Yes” or “No” to indicate whether the employee in the grade can opt for the selected pay element or not.

Mutually Exclusive

The elements which are mutually exclusive to the element for which information is recorded. These are comma separated pay element codes.

Note: You are allowed to edit this field.

Minimum

The minimum value to the variable element.

Note: You are allowed to edit this field.

Maximum

The maximum value to the variable element.

Note: You are allowed to edit this field.

Enumeration

Editable field to enumerate the values for elements which are variable at employee level.

User Guidance

Editable field for giving user the assistance to enter the values for variable elements in “My Flexi Options” screen.

Sequence No.

The sequence number of the pay element for computation.

Computed Value

Displays the computed value.

Remarks

Key in any remarks or feedback, if any.

Proration Applicable

From the drop-down list box, select either “Yes” or “No” to indicate whether proration is applicable for the selected pay element.

LOP

From the drop-down list box, select either “Yes” or “No” to indicate whether Loss of Pay (LOP) is applicable for the pay element or not.

Grace Period

The minimum number of grace period units for which LOP can be availed against the pay element.

Grace Period Units

The units of grace period specified.

Min. Compensation

The minimum compensation eligible for the employee.

Max. Compensation

The maximum compensation eligible for the employee.

Action

From the drop-down list box, select any one of the following options:

4   Correct – If you have corrected the record, the system overwrites the existing record.

4   New – If you are creating a new record.

4   Update – If you have updated the record with new information. As a result, a new record is created and a history or records is maintained.

New Effective From

The date from which the updated record becomes operational.

Note: You must enter the date only if you have selected “Update” in the “Action” combo.